Intuit Employment Index Finds Signs of Life in Small Business Sector

Photo of a business professional.

The new Small Business Employment Index by Intuit Incorporated is showing promise for professionals with business experience on their resumes

, with the sector adding approximately 55,000 jobs last month.

According to the monthly report, September’s figures amount to an annual growth rate of 3.3%. Arizona, California, Florida, Maryland and New Jersey were among the states that had the largest amount of hiring in the sector last month, with Oregon and New York reporting slight declines in overall small business growth.

Economist Susan Woodward said that the news is welcome relief across a number of industries including construction and real estate, which are closely linked to the success of small businesses.

After all the uproar over the threatened European financial meltdown, good news is very welcome. Woodward added. “Unlike in August, there is no softness in September’s numbers: employment is up, hours worked are up and compensation is up.”

The average monthly pay for small business employees was more than $2,600.

The Bureau of Labor Statistics reports that job opportunities for business administrative managers are expected to grow by 12% through 2018. 

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