Employment at small businesses in the U.S. stayed stagnant in February, while the average number of hours worked and monthly wages both increased. However, overall, small business revenue declined 0.09 percent in January.
Intuit’s monthly Small Business Employment and Revenue Indexes also found that small businesses have added more than 570,000 jobs since March 2010. Employees’ average monthly compensation grew 0.5 percent in February, an increase of $15 from January’s revised figure. Average monthly hours worked by hourly employees increased 0.5 percent in February, an increase of approximately 30 minutes from January’s revised figure.
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