Intuit has released their most recent Intuit QuickBooks Small Business Index.
The index is a valuable monthly indicator of employment and hiring among the smallest of businesses within the US, Canada and the UK. The index is a collaboration between Intuit and leading global economist Professor Ufuk Akcigit of the University of Chicago.
Here's a snapshot of some of the US components of the index.
- In November, US employment for small businesses with one to nine employees decreased by 36,800 jobs. These small businesses now employ 13,244,300 people.
- Compared to October’s small business employment total of 13,281,100 jobs, the monthly decrease in November was 0.28%.
- In November, small business employment declined in 11 of the 12 sectors (e.g., retail trade, leisure and hospitality, construction, etc.) covered by the Index.
- For the second consecutive month, small business employment declined in every US region in November.
For more details regarding the Index, refer to the most current findings HERE.
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Feature content and graphic materials were adapted from informational content within the Intuit QuickBooks Small Business Index. The adapted source content by Insightful Accountant is furnished for educational purposes only.
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The Intuit QuickBooks Small Business Index creates aggregated data outputs from a sample of anonymized QuickBooks Online Payroll customer records which are calibrated using statistical methods to create modeled results which better reflect the general population of small businesses in each country, as represented by published official statistics. Statistical adjustment ensures the Index truly reflects employment and job vacancy changes rather than trends in the QuickBooks customer base.
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