We are on our way back to pre-recession levels of small business employment, the most recent Intuit Small Business Employment Index indicates. Intuit’s measure, which tracks employment at companies with 19 or fewer employees that use Intuit’s Online Payroll product, shows that small business employment has been growing since autumn of 2009.
However, the index indicates that small business employment still has not returned to pre-recession levels. Intuit’s estimates are that 700,000 fewer people worked at small businesses in December 2011 than did so in December 2007. Assuming we add the same number of small business jobs in 2012 as were added in 2011, we will first return to pre-recession levels of small business employment five years after the economic downturn began.
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