|Last Price||Today's Change||52-Week Range||Trading Volume|
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Market data as of 3:59PM 10/24/14. Quotes are delayed by at least 15 min.
More Than 90,000 Jobs Added Over Past Six Months
“This month’s employment increase shows additional progress,” said
“Construction makes up about 5 percent of the overall economy,” Woodward said, “but accounts for about 20 percent of small business. New single family housing starts have averaged 950,000 a year since the beginning of 2013, far below the 1.5 million average seen from 1992 to 2008. This past month, new housing starts fell by 92,000 units to 893,000, seasonally adjusted.”
Hours Worked, Pay Declines Slightly
Hourly small business employees worked an average of 107.2 hours in July, a decline of roughly 0.3 percent, or 18 minutes, translating to a 24.7-hour work week.
Average monthly pay for small business employees decreased by 0.2
Uneven Employment Growth by State
The increase in small business employment was not even across the
country. Among the 40 states that Intuit tracks, 29 showed growth while
11 states saw declines.
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 Slightly Declines
Small business revenue declined by .01 percent in June, which would represent an annualized decline of 0.14 percent over an entire year.
The health care services sector reported the largest decline, where revenues fell 0.18 percent in June. The real estate services businesses saw the largest increase at 0.4 percent the retail, accommodations and constructions industries categories reported larger gains.
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 237,000 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
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