News Column

Fla. Employment Unchanged at Smallest Businesses

Oct. 30, 2012

Marcia Heroux Pounds, Sun Sentinel

small business repair shop

At Florida's businesses that employ 20 people or less, the employment picture was unchanged in October, according to Intuit Payroll in a report released Tuesday.

Nationwide, the smallest firms created 10,000 fewer jobs in October, a 0.05 percent decrease since September.

The October decrease in employment continues a mild decline that began in May, Intuit says. From March 2010 to May 2012, small business employment grew by 150,000 jobs, totaling 19.9 million. Since May, it has fallen by 65,000 jobs, resulting in recovery of 85,000 small business jobs.

"The jobs lost are primarily non-manual routine work, such as word processing and checkout services in retail," said Susan Woodward, economist for Intuit.

October's results are based on data from Intuit Online Payroll and QuickBooks Online Payroll, covering the period from Sept. 24 through Oct. 23.



Source: (c)2012 the Sun Sentinel (Fort Lauderdale, Fla.) Distributed by MCT Information Services


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