Small businesses are saving the economy from a recession, for now

• Despite layoffs at major companies, small private companies are adding jobs.
• Robust job numbers are one reason that we're not in a recession yet.
• Data shows a boom in small businesses likely to employ workers, suggesting job growth could keep going well into the future.

Small businesses are keeping the economy strong.

While large companies like Goldman Sachs, Amazon, and Salesforce are cutting staff this year, private firms with fewer employees are still hiring. Additionally, layoffs overall in the US are very low.