Small Business Finance News
Small Businesses Added Jobs In November
Written by Jenna Weiner
Intuit index reveals a .24 percent increase in small business employment
According to one index, small businesses showed modest growth in the month of November, highlighted by an increase in hiring.
The Intuit Small Business Employment Index found that small business employment grew by .24 percent in the month of November, translating to roughly 49,000 new jobs throughout the United States. The increase was seen as good news for entrepreneurs, many of whom have been seeing increased progress since the end of the summer.
"The recovery that began late last summer for small businesses is still underway," said Susan Woodward, an economist hired by Intuit to work on the index. "While employment at the national level for all businesses is barely rising, small businesses are showing a more robust increase. This is in line with what we've seen with past recessions - small businesses are the first to hire when recovery begins."
Many recent studies have found high hopes for the months to come. A study by PEX Card revealed that 59 percent of small businesses planned to add employees in 2011.
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