According to the latest edition of Intuit Inc.’s Small Business Revenue and Employment Indexes, there has been an ongoing decline in small business employment for companies with less than 20 employees since May.
The October Employment Index show that small business employment decreased by 0.05 percent, at an annualized decline of 0.6 percent, equating to approximately 10,000 fewer jobs than in September. Based on October’s numbers and the latest national employment data from the Bureau of Labor Statistics, Intuit revised downward the previously reported September employment rate to a decline of 0.06 percent, also a monthly decrease of approximately 10,000 jobs.
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