Intuit Index:40,000 new Small Business jobs in July

Posted on August 2, 2010, 7:19 am, by Admin, under Miscellaneous, Small Business & Entrepreneurship.
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The country’s unemployment rate is often seen as an indicator of economic growth, and the latest forecasts continue to show signs of a modest and yet steady recovery as the nation continues to add SMB jobs. According to Intuit’s July Small Business Employment Index, small businesses with fewer than 20 employees continued to hire this month, after an upward trend that began in mid-2009.

As the nation’s leading small business payroll provider, Intuit’s Small Business Employment Index offers insights into the unique employment trends of the nation’s small businesses. The Index is based on Intuit Online Payroll data from approximately 57,000 small businesses.

The July Index shows:

  • Nearly 333,000 new jobs created since October 2009 and 40,000 new jobs created in July.
  • Compensation grew by 0.7 percent in July and now is $2,624 per month, compared to $2,577 per month in May.
  • Monthly hours worked increased by 0.9 percent in June, to 109.1 hours.

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