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Small Businesses Looking a Bit More Optimistic

By July 6, 2011

Small business owners are probably optimistic by nature, but if you believe some new data out this week, they're putting their money where their optimism is -- into job creation.

The Intuit Small Business Employment Index, which is based on data from small businesses with fewer than 20 employees that use Intuit's payroll system, found that employers added 45,000 jobs to their payrolls in June. Those businesses also raised compensation and hours worked by 0.2 percent in the month. Intuit says the statistics reflect a national trend among the small businesses in its index:  there is growth in jobs, incomes, hiring rates and hours worked across all regions.

Another survey, of 3,000 small businesses with sales under $10 million conducted by U.S. Bancorp,  found that more small business owners (64 percent) report revenue equal to or better  than last year, compared with 2010 when 55 percent said revenue was as good or better than the previous 12 months. Only 10 percent of business owners expect revenue to be lower in 2012 and a large majority (70 percent) expect to keep staffing levels intact over the next 12 months, with 22 percent saying they plan to hire.

What's your small business doing on the job-front? Are you hiring, or is the prospect of a debt-ceiling calamity and deficit causing you to mothball your growth plans? Leave a comment.

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