INDEX SAYS: U.S. SMALL BUSINESSES ADDED 10,000 JOBS IN MARCH, A 0.06% INCREASE
WHAT: Intuit Payroll’s March Small Business Indexes, a monthly report providing unique and almost real-time insight into employment and now revenue trends of the nation’s small businesses with fewer than 20 employees, shows that small businesses created 10,000 jobs in March. The data is based on approximately 182,000 small businesses customers of Intuit Online Payroll and QuickBooks Online Payroll.
Small business revenues are gradually recovering from recessionary depths, but are just now reaching levels seen before the recession began in 2007, according to the first-of-its kind Intuit Small Business Revenue Index. The recently-launched Revenue Index is based on anonymized aggregated data from QuickBooks Online, is the first in the market to provide current information on monthly small business revenue.
The March Indexes also show:
* The revenue index indicates that small businesses overall saw revenue decline in February of 0.6 percent. Among the industries tracked by the Index, only construction saw an increase of 0.3 percent in February.
* The ‘Retail’ and ‘Professional, scientific, and technical services” industries saw the biggest decline in February at 0.9 percent, followed by ‘Real Estate, Rental, and Leasing services’ with a 0.8 percent decline.
* Average monthly pay for small business employees increased to $2,741 in March, or 0.4 percent; and monthly hours worked increased 0.2 percent in March, corresponding to 108.3 hours.
WHERE: Intuit spokespeople, economist Susan Woodward and customers are available for in-person and phone meetings.
WHEN: Available starting April 2, 2013
CONTACT: Steve Imm at [email protected] or (415) 844-6286.