On March 18, 2010, a new bill — called the HIRE act — was signed into law by President Obama. The purpose of the bill is to stimulate job creation among small business. Small business employment is definitely top of mind for the President.
And according to Intuit’s March Small Business Employment Index, small businesses with fewer than 20 employees continued to hire this month, extending a trend that began in mid-2009.
Intuit’s Small Business Employment Index offers insights into the unique employment trends of the nation’s small businesses. It’s based on online payroll data from nearly 50,000 small businesses, and shows some encouraging numbers.
The March Index shows:
- Nearly 175,000 new jobs created since mid-2009 and 50,000 new jobs in March. Slow but steady.
Since small businesses often show the first signs of an economic rebound as they begin hiring earlier than larger businesses, this is encouraging news.
What do you think?