Intuit Press Room: Small Business Employment Index Shows Slow Job Growth

August 30, 2010 – Intuit Small Business Employment Index Shows Job Growth But at Slower Rate Than Earlier in Year

26,000 Jobs Added in August; Wages and Hours Worked Remained Steady

According to the INTUIT PRESS ROOM, “small business employment grew slightly in August, but at a declining rate compared to healthy gains made in January through April. While job growth slowed, hours worked and compensation per employee remained steady.”

“‘Small business employment grew slightly across many parts of the country,’ said Cameron Schmidt, vice president of Intuit’s Employee Management Solutions division. ‘In states where the Index includes more than 1,000 small firms, New York and Virginia saw the greatest growth, while New Jersey saw the greatest decline in employment.'”

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