Small Biz Hiring Rises In September

So far today, the Dow hasn’t done much other than head down, but in September, hiring trends went up, according to new information from Intuit.  The Intuit Small Business Index indicated more employees were brought on than let go.

A statement released today said, "The monthly report found that small business employment grew by 0.14 percent in September, equating to a 1.6 percent annual growth rate."  Which is pretty good.

Then there are a couple more important details, one of which is the fact that the hours worked by small businesses’ employees didn’t decrease compared to August.  So it’s not like companies just redistributed shifts to new workers.

Also, the new workers weren’t necessarily hired in an effort to save on wages, as the report stated, "Monthly pay for all small business employees was $2,602 per month in September, a marginal 0.15 percent decline from the revised August figure of $2,606 per month."

Let’s hope the data is a sign that the economy is continuing to improve, then.

And after all, even though the Dow is down around 110 points at the moment, it’s still over 260 points above where it was one month ago.