NAPEO Shows Revenue and Increased Employment Growth in Q1 for 2020

The National Association of Professional Employer Organizations (NAPEO) today released its quarterly Small Business Snapshot showing that employment growth among small businesses in the first quarter of 2020 was at its highest rate since mid-2018, with most of the growth coming from businesses with 20-49 employees. The report also shows that 67 percent of professional employer organizations (PEOs) reported an increase in quarterly revenue compared to first quarter 2019. NAPEO's Small Business Snapshot is a quarterly compilation of data from the Bureau of Labor Statistics, ADP Employment Report, Wells Fargo/Gallup Small Business Index, Paychex Small Business Wage Data, and NAPEO that focuses on providing insight into the current state of the small business sector and the PEO industry. The report is compiled by noted economists Laurie Bassi and Dan McMurrer of McBassi & Company.

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