For the period spanning Dec. 24 to Jan. 23, Intuit reported small business employment inched up 0.2%, equating to an annual growth rate of 2.9%.
During the month, small business hourly employees worked an average of 107.5 hours, down slightly from 107.6 hours in December. Average monthly pay for all small business employees slipped to $2,632, slightly less than the December revised estimate of $2,635 a month.
Intuit noted that the equivalent annual wages would be about $31,600 a year, which is part-time work for many small business employees.
Photo by Kevin Dooley