SMBs Adding Jobs At Fastest Pace In 3 Years - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Mobile // Mobile Applications
Commentary
4/30/2010
08:54 AM
50%
50%

SMBs Adding Jobs At Fastest Pace In 3 Years

According to the latest Small Business Employment Index, the hiring rate for small businesses has reached a three-year high.

According to the latest Small Business Employment Index, the hiring rate for small businesses has reached a three-year high.Small and midsize businesses created 66,000 new jobs in April according to the April Small Business Employment Index from Intuit. That is the fastest pace for SMB job growth in the three years and continues a trend that dates back to 2009; since that time 300,000 new jobs have been created in the segment.

Commenting on the findings, economist Susan Woodward of Sand Hill Econometrics said, "Small businesses are looking healthier. Every trend we measure -- employment, hours worked, and monthly compensation -- is showing signs of a recovery. Last month the national figures finally began to show a recovery for larger businesses and the entire economy, but for small businesses, the recovery has been underway for more than half a year."

Though not robust, compensation and monthly hours worked also increased in April by a meager half percent. Compensation has been flat since 2008 including the compensation that business owners allocate to themselves. Average monthly compensation is no $2,607.

The monthly index is based on payroll data from more than 50,000 small businesses using Intuit Online Payroll and represents approximately 220,000 employees.

Don't Miss:


Follow Benjamin Tomkins on Twitter @http://twitter.com/benjamintomkins Follow InformationWeek SMB on Twitter @http://twitter.com/infoweeksmb Get InformationWeek SMB on your mobile device @http://mobile.bmighty.com

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
Commentary
AI Regulation: Has the Time Arrived?
John Edwards, Technology Journalist & Author,  2/24/2020
News
Fighting the Coronavirus with Analytics and GIS
Jessica Davis, Senior Editor, Enterprise Apps,  2/3/2020
Slideshows
IT Careers: 10 Job Skills in High Demand This Year
Cynthia Harvey, Freelance Journalist, InformationWeek,  2/3/2020
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
IT Careers: Tech Drives Constant Change
Advances in information technology and management concepts mean that IT professionals must update their skill sets, even their career goals on an almost yearly basis. In this IT Trend Report, experts share advice on how IT pros can keep up with this every-changing job market. Read it today!
Slideshows
Flash Poll