Intuit's Small Business Employment Index continues to rise but has leveled off a little. Graph courtesy of Intuit.
Further good news comes from the fact that compensation is also increasing, albeit slightly. It's now $2,577 per month, a $7 increase from May. At the same time, monthly hours worked increased by a tenth of an hour, for a net wage gain of four cents an hour. "We do not see the same slowing in compensation as in employment or hours worked," said Woodward.
The Index is based on aggregate data from 57,000 businesses with fewer than 20 employees and that use Intuit Online Payroll.
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