According to findings from an Intuit Inc. (NASDAQ: INTU) Small Business Employment and Revenue Indexes report, US small businesses added 35,000 jobs in May, the largest monthly increase in more than a year.
This month´s increase is triple the average of 12,000 new jobs per month that have been added since the small business recovery began in April 2010. In addition, employees worked longer hours and made more money during the month. Small businesses also made more money in April, with overall revenue per business across all industries increasing by nearly a quarter of one percent.
“This month´s employment increase is the largest we´ve seen in more than a year. In addition to the impressive increase of jobs this month, the hiring rate is also at the highest level we´ve seen since early 2009,” said Susan Woodward, the economist who works with Intuit to create the indexes.
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.