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Index: Small Businesses Add 45,000 Jobs

March 05 2012

An index of small businesses by Intuit Inc. found they added 45,000 new jobs in February. In addition, the index found average monthly pay for all small business employees rose by 0.15 percent to $2,686 in February, slightly more than the January revised estimate of $2,682 a month.

The index also found small business hourly employees worked an average of 108.5 hours in February, down from 108.6 hours in December.

The index is based on aggregate and anonymous online employment data from approximately 73,000 businesses with fewer than 20 employees that use Intuit Online Payroll.

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