Small Business Job Growth Marches On

March’s Intuit Small Business Employment Index showed small businesses added 50,000 new jobs and, for the first time in months, job growth in every part of the U.S. The Index is based on figures from the nation’s smallest businesses that use Intuit Online Payroll.

“Employment is up again for small business this month,” says Susan Woodward, the economist who worked with Intuit to create the Index.  “The gain, at an annual rate, is not quite as large as last month but it’s still encouraging. Plus there is one more sign of strength – employment was up for the first time in many months in all nine U.S. divisions. On the state level, employment was up for many of the ‘sand states’ – Oregon, California, Arizona, and Florida – those states hit hardest by falling real estate prices.”

Evaluating other measurements of employment, the Index reported a very similar trend to previous months — an uptick in hours worked amongst small business hourly employees coupled by no significant change in average monthly pay for all small business employees.

Read the full March Index report at intuitinc.com/payrollindex.

About Sharna Brockett

Sharna Brockett is on Intuit's small business communications team. She lives in San Francisco's North Beach neighborhood, along with a loud flock of wild parrots, and frequents the many small businesses in the area.
This entry was posted in Small Business Employment Index, Trends and tagged , . Bookmark the permalink.
0 comments