By Melodie Warner
US small businesses added more jobs in 2012 despite a slight drop in revenue through November, according to a report
by Intuit Inc. ( INTU ).
The financial-software provider said its inaugural small-business employment and revenue report found that US small
businesses added 24,000 jobs in 2012, increasing their employment by 0.12%.
The December Small Business Employment Index also showed an increase of 15,000 new jobs in the final month of 2012, a
hiring rate increase of 0.09%.
Small business employment is still growing, albeit very slowly, said Susan Woodward, an economist who worked with
Intuit to create the indexes. However, the level of small business employment has yet to reach its pre-recession level
of 21.2 million jobs in March 2007.
Small-business revenue was down 1.2% between January and November, with a 0.3% drop in November, the ninth consecutive
month of revenue decline.
Small-business hourly employees worked an average of 107.4 hours in December, up slightly from 107.3 hours in
The average monthly pay for small-business employees rose 0.5% to $2,702 in December from $2,689 in the prior month.
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(END) Dow Jones Newswires
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