The Intuit QuickBooks Small Business Index (the Index , hereafter) just issued reports an additional 7600 jobs lost during February, 2024. According to the Index , small businesses with one to nine employees in the United States employed 7,600 fewer people nationally in February, 2024 compared to January, 2024. That’s a monthly decrease of -0.06% to 12,812,700 jobs. While still a reduction in employment, it showed a decline in the rate of decline over the past two months’ employment data. Business sectors which showed the most significant decreases in employment were: Information (NAICS 51) with a -0.6% drop to 287,700 jobs Manufacturing (NAICS 31-33) with a -0.33% drop to 1,246,100 jobs Finance and real estate (NAICS 52-53) with a -0.24% drop to 840,200 jobs Business sectors which saw significant increases in employment included: Utilities (NAICS 22) with 0.56% growth to 660,200 jobs Natural resources and mining (NAICS 11; 21) with 0.29% growth to 180,400 jobs Leisure and hospitality (NAICS 71-72) with 0.27% growth to 1,521,900 jobs While employment in the New England region (Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, Vermont) grew by 0.33% to 645,700. The Mideast region (Delaware, District of Columbia, Maryland, New Jersey, New York, Pennsylvania) saw the most significant decline, with a drop of -0.18%, to 1,926,800 jobs. For additional details see the Intuit QuickBooks Small Business Index Dashboard (dashboard updates occur periodically) . Disclosures Feature content, including graphic materials, were adapted from informational content within the Intuit QuickBooks Small Business Index. The adapted source content by Insightful Accountant is furnished for educational purposes only. As used herein, QuickBooks ® and the Intuit QuickBooks Small Business Index refer to one or more registered trademarks of Intuit Inc., a publicly-traded corporation headquartered in Mountain View, California. The Intuit QuickBooks Small Business Index creates aggregated data outputs from a sample of anonymized QuickBooks Online Payroll customer records which are calibrated using statistical methods to create modeled results which better reflect the general population of small businesses in each country, as represented by published official statistics. Statistical adjustment ensures the Index truly reflects employment and job vacancy changes rather than trends in the QuickBooks customer base. Any other trade names or references used herein may refer to registered, trademarked or copyrighted materials held by their respective owners; they are included in the content for informational and educational purposes only. This is an editorial feature, not sponsored content. No vendor associated with this article has paid Insightful Accountant or the author any form of remuneration to be included within this feature. The article is provided solely for informational and educational purposes. Note: Registered Trademark ® and other registration symbols (such as those used for copyrighted materials) have been eliminated from the articles within this publication for brevity due to the frequency or abundance with which they would otherwise appear or be repeated. Every attempt is made to credit such trademarks or copyrights within our respective article footnotes and disclosures.
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