Small Business Employment Shows Fourth Consecutive Month of Job Growth

U.S. small business employment grew for the fourth consecutive month in June, adding 20,000 jobs. While the labor market continues to show signs of revival, small business employment remains 900,000 workers shy of the peak reached in March of 2007.

These are among the findings of the monthly Intuit Inc. (Nasdaq:INTU) Small Business Employment and Revenue Indexes. The June figures revealed:

-- Small businesses have added 595,000 jobs since March 2010, the beginning of the recovery in small business employment.

-- Employees' average monthly compensation grew by $1, or 0.03 percent, from May's revised figure.

-- Average monthly hours worked by hourly employees decreased by one minute from May to June, or 0.02 percent.

The employment index is based on data from Intuit Online Payroll and QuickBooks Online Payroll, covering the period from May 24 through June 23.