Small Business Hiring Rises in Arizona

Date: December 02, 2015

Nationwide, average pay and hours worked are up.

Arizona’s small business employment increased 0.2 percent during October, according to a monthly survey from Intuit.

That was among the largest increases in the country, according to Intuit’s Small Business Employment and Revenue Index. The national average was a 0.01 percent increase. Other large employment increases were seen in Nevada and Virginia, while the biggest declines were in Wisconsin, Massachusetts and Maryland.

Across the country, small business employee pay rose to $2,904 a month during October, while hours worked by small business employees increased by 45 minutes, to just over 113 hours a month.

“Hours worked is at the highest level we’ve seen since we began reporting this data in 2004, far outside of normal,” Susan Woodward, an economist who works with Intuit to produce the indexes, said in a statement. “I expect that businesses will soon hire new people and reduce hours for existing employees, pushing ‘hours worked’ back to its normal level.”

Revenue per small business fell by 0.3 percent during September, according to Intuit, led by a decline in real estate services revenue.

The Intuit Small Business Employment Index includes firms with fewer than 20 employees.

Related Content: Small Business News | Arizona | Economy

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