Small business employment flat in February

According to the monthly Intuit Inc. (NASDAQ: INTU) Small Business Employment and Revenue Indexes, US small business employment remained flat in March for the second consecutive month, while average hours worked and monthly wages both increased significantly.

This month´s figures also revealed that, overall, small business revenue declined 0.15 percent in February.:

Despite the recent employment plateau, small businesses have added more than 575,000 jobs since March 2010. Employees´ average monthly compensation grew 0.4 percent in March, an increase of USD9 from February´s revised figure. Average monthly hours worked by hourly employees grew 0.2 percent in March, an increase of approximately 18 minutes from February´s revised figure.

The employment index is based on data from Intuit Online Payroll and QuickBooks Online Payroll, covering the period from Feb. 24 through Mar. 23.

Intuit Inc. creates business and financial management solutions that simplify the business of life for small businesses, consumers and accounting professionals. More information can be found at www.intuit.com.

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