Small businesses showed slight gains in October

/ November 8th, 2010 / No Comments »

Small businesses increased their payrolls by 0.2% last month, an annualized growth rate for small-business employment of 2.7%, according to Intuit’s latest Small Business Employment Index. Meanwhile, average total pay increased by 0.3% to about $2,600 per month, and hours worked grew by 0.7% to about 107 hours per month. The company reports that small businesses have expanded their workforces by about 530,000 since October 2009.

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