Small Biz Stats

EnhancedOnlineNews reports Intuit, Inc., provider of business and financial management solutions for small and mid-sized businesses, says small business employment increased 0.12 percent in 2012, while small business revenue fell 1.2 percent from Jan. to Nov. Based on Intuit’s data retrieved from its Online Payroll and Online Quickbooks programs, small business employment increased by 15,000 in Dec., equivalent to a 1.1 percent monthly increase annually; average monthly compensation rose 0.5 percent, or $13, on a seasonally-adjusted basis; increase in monthly hours at work rose 0.08 percent, about five minutes. Nov. marked the ninth consecutive month of revenue decline, but the loss is becoming less than earlier in 2012. Small business employees worked an average of 24.8 hours per week which earned them $2,702 in Dec., up .05 from Nov. South Carolina and Utah gained the most employees in Dec., while Michigan and Kansas had the largest declines. As MHProNews has learned, the data is based on approximately 100,000 small businesses.

(Image credit: Wikipedia–small bills)

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