Print Page   |   Contact Us   |   Your Cart   |   Report Abuse   |   Sign In
News & Press: Arizona Business News Updates

Small businesses show increasing growth in Arizona

Thursday, May 1, 2014   (0 Comments)
Posted by: Rhette Baughman
Share |

Small businesses in Arizona posted their second straight month of hiring gains, possibly signaling stronger growth to come.

Hiring at Arizona’s small firms increased 0.16 percent in April, according to the latest Small Business Index from Intuit.

Overall, hiring picked up this past month at small businesses across the country.

U.S. small businesses added 25,000 jobs in April, according to Intuit.

“This month’s employment increase comes after three successive months with little to no small business employment growth,” said Susan Woodward, the economist who works with Intuit on its index. “In fact, it’s the fastest rate we’ve seen over the past year.”

Another positive is employees’ average monthly compensation also grew in April by 0.06 percent. That translates to $2,741, or $2 more than March.

That extra cash came without workers having to put in additional hours. The average monthly hours worked remained essentially flat this month, declining 0.05 percent, or three minutes a month.

Despite the growth, Woodward said the numbers do not paint a rosy picture.

“We still have an economy with high unemployment,” she said.

In addition to hiring, Intuit also tracks small-business revenue, which fell 0.7 percent in March.

While Intuit breaks out hiring percentages for states, its index does not break down specific revenue by state.

Originally posted at Phoenix Business Journal. Written by Tim Gallen.



Healtcare Forum for 2017

REGISTER

Date: Tuesday, November 15, 2016
Time:
11:30 AM - 1:30 PM
Location:
ASBA's Business Education Center, Phoenix

RSVP

ASBA's Fantasy Lights Holiday Soiree

REGISTER

Date: Thursday, December 1st
Time:
6:00 PM - 9:00 PM
Location:
Stone House Pavilion at the Phoenix Zoo

Get $5k-$20 in Free Marketing: Make 2016 Your Year for Success!

In Business Magazine

Use In Business Magazine as a tool to reach your customers for 2016. Through Print, Online, Social Media, Email & Events, you can realize an additional $5k to $20k in free advertising with In Business Magazine over 2016.

LEARN MORE

Small is the New Black

ThinkSmallBiz

What's trending for 2016? Small Business! This year, resolve to support our local economy by "Thinking Small" at least one time each week! Need help finding a small biz? Visit ThinkSmallBizAZ.com! #ThinkSmallBiz

LEARN MORE

Allowing you to concentrate on what's really important.

Low and Johnson Inc.

We understand the insurance needs of locally-owned businesses because we're one, too. As an ASBA member backed by CNA, we're dedicated to helping small businesses like yours safeguard all you've worked so hard to build.

LEARN MORE

RSVP

ASBA 101

REGISTER

Date: Held monthly
Time: Click to check times
Location: Phoenix or Tucson

RSVP

ASBA Speed Networking

REGISTER

Date: Every 2nd Tuesday of the Month
Time: 3:00 PM - 4:30 PM
Location: Phoenix or Tucson

You're important to us and we want to help protect you

Mutual of Omaha

Protecting you and your family through the use of insurance products. Purchase an insurance policy with lower premiums and/or enhanced benefits not available to the general public.

LEARN MORE

Have questions on small business and health insurance?

Health Insurance

Get the latest on individual, sole proprietor, or group plans related to small business. We can help you find the right plan for you, and your employees. Click to learn more!

LEARN MORE

CopperPoint Insurance Companies

CopperPoint Mutual

CopperPoint Insurance is Arizona's premiere provider of workers compensation insurance. We've been providing coverage and advocating for Arizona businesses, small and large, throughout the state since 1925.

LEARN MORE

Association Management Software Powered by YourMembership  ::  Legal