Thursday, January 3, 2013

Small Business Employment Grew 0.12 Percent

U.S. small business employment increased 0.12 percent in calendar year 2012, with an increase of 0.09 percent in December. Small business revenue dropped 1.2 percent from January to November, with a 0.3 percent drop in November. Those are among the findings of Intuit Inc.’s (Nasdaq: INTU) inaugural 2012 Small Business Employment and Revenue Report.

The report also found that U.S. small businesses added 24,000 jobs between January and December. The hiring rate that fell steadily through the recession bottomed out in 2009, and has continued to hover at a monthly rate of approximately 5.5 percent. The change in hiring during 2012 was minimal, decreasing by 2 percent from January to December. The complete results, which include insights on employment levels by state and small business revenue growth, can be found at: 2012 Small Business Employment and Revenue Report. Utah Business

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