Why Small Businesses Are Cutting Jobs Despite a Strong Economy

The headline unemployment rate sits at 4.3 percent, and the overall labor market looks healthy. But inside the data, small businesses are trimming payrolls at a pace not seen since the pandemic. Lucas and Luna dig into the latest NFIB survey and ADP payroll breakdown to understand why Main Street is pulling back while corporate America keeps hiring. They explore the role of rising interest rates, tighter bank lending, and a shift in where job creation is concentrated. Plus, a brief behind-the-scenes look at how listener support keeps the podcast ad-free. #SmallBusiness #LaborMarket #NFIB #ADP #JobCuts #MainStreet #InterestRates #BankLending #Hiring #Payrolls #Unemployment #FederalReserve #MacroTuesdays #Economics #FexingoBusiness #BusinessPodcast #EconomicData #JobCreation Keep every episode free: buymeacoffee.com/fexingo