California is one of the state's hit hardest by the downturn in the economy, but recent figures show that small businesses are making gains.
A new survey from Intuit revealed that small business payrolls increased by 0.4 percent in February, which is slightly higher than the 0.3 percent average jump throughout the rest of the country.
Nationwide, small business owners added 50,000 jobs to their payrolls in February, while January figures were adjusted to show a 0.3 percent increase. Intuit found that small business owners have added 600,000 jobs since October 2009. The typical worker logged 107.6 hours per month, translating to slightly more than $2,600 of income.
"Hours worked continue to go up, which is another good sign,” Intuit economist Susan Woodward told the Orange Country Register. However, she warned that these figures indicate that hiring is still slow, especially among small business owners.
Success appears to have spread across the southwest to Arizona, where Intuit found small business owners increased their payrolls by 0.7 percent. Arizona workers brought home an average of $31,300 for the year, while working 24.8 hours per week.
All data and information provided on this news blog is for informational purposes only. Infinisource makes no representations as to accuracy, completeness, suitability, or validity of any information on this site and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All information is provided on an as-is basis. Information regarding employment suits and other legal action is not updated after publication, and may not be current.
Related Headlines