intuit_sb_employment_index_2013Intuit Payroll’s October 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 business employment slightly decreased by 0.06 percent in October. The data is based on approximately 206,000 small businesses customers of Intuit Online Payroll and QuickBooks Online Payroll, covering the period from Sept. 24 through Oct. 23.

Small business revenues are recovering slowly and fitfully from recessionary depths, according to the first-of-its kind Intuit Small Business Revenue Index. The Revenue Index is based on anonymized aggregated data from over 150,000 QuickBooks Online small businesses, and is the first in the market to provide current information on monthly per business small business revenue.

The October Indexes also shows:

  • The employment index indicates that small businesses saw a decrease in monthly compensation by 0.4 percent with average monthly pay reaching the equivalent of $2,657, down $11 from September.
  • Average monthly hours worked by hourly employees decreased 0.4 percent in October, which is equivalent to 106.3 hours, down about twenty four minutes down from September
  • Small business revenues overall saw a decline of 0.03 percent in September on a per-business basis.
  • All of the businesses tracked by the Revenue Index showed a decline in September. Real Estate services showed the smallest decline at 0.02 percent; the largest decline was in the professional services industry, by 0.8 percent.

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