Small businesses hire more employees in April

5/5/2011

According to Intuit's Small Business Employment Index, companies are bringing on more staff to help accommodate growing business needs, as evidenced by a 0.3 percent increase on the Index during the month of April.

As Intuit notes, this translates to roughly 60,000 new jobs formed during the month, bringing the annual growth rate to 3.6 percent. Since small business employment started rising in October 2009, more than 845,000 jobs have been created.

"Small business employment is showing continued strength," said Susan Woodward, the economist who worked with Intuit to create the Index. "Employment is up, hours worked are up and total compensation per employee is up. Moreover, employment is up across the country. While we have a long way to go to full employment, we have seen continued improvement now for a year-and-a-half."

Thanks to the increased availability of commercial loans, small business owners are finally able to hire the help they need. Still, Business Insider suggests they hire employees that are right for the position and will be with a company for a long time. This will ensure entrepreneurs don't spend thousands of dollars training and retraining staff.