U.S. Small Business Employment Slips 12,400 in June as Real Revenue Rises to $50,330
Updated
Updated · quasa.io · Jul 16
U.S. Small Business Employment Slips 12,400 in June as Real Revenue Rises to $50,330
1 articles · Updated · quasa.io · Jul 16
Summary
12,400 jobs disappeared at U.S. small businesses with 1-9 employees in June, leaving employment at 12,806,300, according to the latest QuickBooks index.
Real monthly revenue still rose 0.40% from May to $50,330 per business in 2017 dollars, suggesting sales held up despite the slight staffing pullback.
All 12 tracked sectors, all 8 regions and the 20 reported states posted employment declines, while revenue increased in 8 sectors and 7 regions.
About 333,000 QuickBooks Online payroll records underpin the index, which is calibrated to official statistics and intended as an early benchmark rather than a full measure of all small businesses.