The monthly report from Intuit aggregates employment data from roughly 50,000 small businesses with fewer than 20 employees that use Intuit Payroll.
At least one economist sees the data as encouraging news. Susan Woodward, an economist who helped Intuit create the index, said, "All the numbers indicate a continuing recovery for small businesses that began in the summer of 2009. And while the numbers may seem small, they show clearly that small businesses are hiring, and stopped trimming their payrolls last summer."
Though the number of jobs created by small businesses may be pointing upward, wages and hours worked haven't budged. The Intuit index found that the average wage remained flat in March at $2,562 (translating to $31,000 annually).
The same trajectory held true for hours worked with March holding steady at 103.1 hours worked by hourly employees (that translates to a less than all-consuming 24-hour work week).
More findings of the Intuit Small Business Employment Index are available here.
Follow Benjamin Tomkins on Twitter @http://twitter.com/benjamintomkins Follow InformationWeek SMB on Twitter @http://twitter.com/infoweeksmb Get InformationWeek SMB on your mobile device @http://mobile.bmighty.com