San Francisco – November 03, 2026 -- U.S. small businesses added an estimated 38,000 net new jobs in October on a seasonally adjusted basis, topping the 12-month average of 34,000 and extending positive hiring to a ninth consecutive month, according to the Gusto Small Business Jobs and Pay Report.
Hiring accelerated for a second straight month. September was revised down to 27,000 jobs from an initial 28,000. October's gain is the largest since July.
