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Small businesses add more jobs in June

The latest Small Business Employment Index from Intuit says that small businesses added 18,000 jobs in June.

That figure is part of a continued trend of job growth, giving encouragement to entrepreneurs looking to start a corporation.

The results also showed a rise in both the average compensation and hours worked per small business employee, meaning that employees already working are taking on more responsibility.

While the rate of job growth has slowed compared to earlier this year, the Index has steadily risen since bottoming out last fall, giving more signs of a recovering economy. Since last June, the index says that small businesses have added more than 300,000 jobs.

The survey is based on employment data from 57,000 small businesses – each with 20 or fewer employees.

Lawmakers hope that a package of small business bills currently being debated in Congress will accelerate small business expansion. The Senate voted to begin debate on the bills on Tuesday, and Democrats hope to have the bill signed into law by July 4.ADNFCR-3052-ID-19864990-ADNFCR

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