|Last Price||Today's Change||52-Week Range||Trading Volume|
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Market data as of 3:21PM 07/30/14. Quotes are delayed by at least 15 min.
Hours Worked, Compensation and Revenue Up in April
“This month’s employment increase is the largest we’ve seen in more than
a year. In addition to the impressive increase of jobs this month, the
hiring rate is also at the highest level we’ve seen since early 2009,”
“This increase in small business activity could be credited to the spike in homebuilding. Housing starts grew from 947,000 units in March to 1,072,000 units in April, an increase of about 13 percent.”
Hours Worked, Compensation Both Rise
Hourly small business employees worked an average of 112.3 hours in May, a rise of roughly 0.8 percent, or 48 minutes, translating to a 25.9-hour work week.
Average monthly pay for small business employees increased by 0.6
Geographic Growth Uniform
Small businesses across the nation continue to show growth. Among the 39
states that Intuit tracks, only
Small Business Employment results were mostly positive for the states in which Intuit Online Payroll and QuickBooks Online Payroll has more than 1,000 small business firms. The month-to-month changes are seasonally adjusted and informative about the overall economy.
Small Business Revenue Increases Overall
The April Revenue Index showed small business revenue overall rose by nearly a quarter of one percent. Professional services led the way, with smaller gains in the accommodations, construction and other industries categories.
The real estate industry showed the largest revenue decline at 0.3 percent, followed by the health care sector, which dropped by .01 percent, and the retail industry which showed a decline of 0.19 percent.
This index is based on data from QuickBooks
Online, covering the period from
About The Intuit Small Business Indexes
The Intuit Small Business Indexes provide unique, near real-time
information each month on the activity of the smallest businesses in the
U.S. in terms of revenue, hiring and compensation trends. The Employment
Index is based on anonymized, non-identifiable aggregated data from
approximately 231,000 small business employers, a subset of users that
use Intuit Online Payroll and QuickBooks
Online Payroll. The Revenue Index is based on anonymized,
non-identifiable aggregated data from approximately 150,000 small
businesses, a subset of users that use Intuit’s QuickBooks
financial management offering
and are matched in
Its flagship products and services include QuickBooks®, Quicken® and TurboTax®, which make it easier to manage small businesses and payroll processing, personal finance, and tax preparation and filing. Mint.com provides a fresh, easy and intelligent way for people to manage their money, while Demandforce® offers marketing and communication tools for small businesses. ProSeries® and Lacerte® are Intuit's leading tax preparation offerings for professional accountants.
Founded in 1983, Intuit had revenue of
Intuit and the Intuit logo, among others, are registered trademarks
and/or registered service marks of
Small Business Employment Takes Another Step Forward
07/30/2014 8:35 AM ET