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Small business employment dropped since May

Since May there's been a continual decline in small-business employment, according to Intuit Inc.s Small Business Revenue and Employment Indexes.

By Amanda McGrory-Dixon | Updated on October 31, 2012

Since May there’s been a continual decline in small-business employment, according to Intuit Inc.’s Small Business Revenue and Employment Indexes.

In fact, the October Employment Index shows that small business employment dropped by 0.05 percent for an annualized decrease of 0.6 percent. This totals to roughly 10,000 fewer jobs than in September. After considering October’s numbers and the most recent national employment data from the Bureau of Labor Statistics, Intuit revised downward the previously reported September employment rate to 0.06 percent.

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