Intuit Small Business Employment Index Shows Job Growth but at Slower Rate Than Earlier in Year

The Intuit Small Business Employment Index shows healthy gains in hiring from January to April and a slowing growth rate thereafter. The employment index reflects data from approximately 57,000 small business employers who use Intuit Online Payroll. The month-to-month changes are seasonally adjusted and informative about the overall economy. The National Employment Index is from the Bureau of Labor Statistics. (Graphic: Business Wire)

Small Business Employee Monthly Compensation for all employees shows compensation essentially flat in August 2010 with a nominal increase of 0.06 percent. This data includes the compensation paid by small business owners to themselves. The levels reflect data from approximately 230,000 employees of the Intuit Online Payroll customer set of approximately 57,000 businesses, and are not necessarily representative of all small business employees. The month-to-month changes are seasonally adjusted and informative about the overall economy. (Graphic: Business Wire)

Small Business Employee Monthly Hours Worked for hourly employees is essentially flat for August 2010 with a nominal increase of 0.04 percent. The levels reflect data from approximately 150,000 hourly employees of the Intuit Online Payroll customer set of approximately 57,000 businesses, and are not necessarily representative of all small businesses. However, the month-to-month changes reflect the results of federal employment data for small businesses during corresponding times, leading to the conclusion that they are informative about the overall economy. (Graphic: Business Wire)

Small Business Employment by U.S. Census Division is up in many parts of the country except for the upper Midwest and New England regions. The data reflects employment from approximately 57,000 small business employers who use Intuit Online Payroll. The month-to-month changes are seasonally-adjusted and informative about the overall economy. (Graphic: Business Wire)