Fox Business (03/04/13) Saabira Chaudhuri
Intuit’s U.S. Small Business Employment index edged up 0.07% in February, with 15,000 jobs added. The index shows a 0.4% jump in average monthly compensation on a seasonally adjusted basis and a 0.17% increase in average monthly hours worked from January. Susan Woodward, an economist who helped develop the index, says, “Small-business employment has risen by 75,000 jobs from this same time last year. However, if small-business employment were growing at its usual proportionate rate of 15% of national employment, that number would be 300,000—a 400% difference.”
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