INDEX SAYS: U.S. SMALL BUSINESSES ADDED 20,000 JOBS IN APRIL, A 0.11% INCREASE
WHAT: Intuit Payroll’s April 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 20,000 jobs in April. The data is based on approximately 186,000 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 April Indexes also show:
* The revenue index indicates that small businesses overall saw revenue decline in March of 0.4 percent. Among the industries tracked by the Index, only construction saw an increase of 0.17 percent in March
* The ‘Real Estate, Rental, and Leasing services’ industry saw the biggest decline in March at 1.2 percent, followed by ‘Retail’ and ‘Professional, scientific, and technical services” services’ with a 0.9 percent decline.
* Average monthly pay for small business employees decreased to $2, 676 in April, or 0.4 percent; and monthly hours worked decreased 0.8 percent in April, corresponding to 104.9 hours.
WHERE: Intuit spokespeople, economist Susan Woodward and customers are available for in-person and phone meetings.
WHEN: Available starting April 30, 2013
CONTACT: Steve Imm at [email protected] or (415) 844-6286.