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MailTribune.com
  • Survey shows small businesses aren't being left out as economy improves

  • Intuit's July Small Business Indexes, surveying firms with 20 or fewer employees, showed small business employment increased 0.7 percent in July nationwide.
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  • Intuit's July Small Business Indexes, surveying firms with 20 or fewer employees, showed small business employment increased 0.7 percent in July nationwide.
    But those employees saw a decrease in monthly compensation by 0.2 percent, with average monthly pay reaching the equivalent of $2,708, down $6 from June.
    The data is based on about 237,000 small business customers of Intuit Online Payroll and QuickBooks Online Payroll, covering the period from June 24 through July 23.
    While no figures are available at the county level, Southern Oregon University Small Business Development Center Director Jack Vitacco said mom-and-pop businesses make up 95 percent of his organization's clientele.
    "They seem to be maintaining and holding their own," Vitacco said. "I don't see anybody gaining by leaps and bounds in revenue or their own personal income. But there are a few who have started the right business at the right time."
    The average time worked by hourly employees during the month decreased by 0.3 percent in July, down approximately 18 minutes to 107.5 hours from June.
    "It's slightly easier today than five years ago, in part because housing seems to be moving along, and in general terms because the economy is slightly better," Vitacco said. "We're not seeing people coming in that are in too deep of financial trouble to really help them, needing desperate measures. We just haven't seen that as much as we did five years ago."
    Oregon was one of seven states where businesses with fewer than 20 employees showed an employment gain of 0.2 percent during the month. Idaho and Utah were the strongest gainers at 0.4 percent, while Alabama and Washington weighed in at 0.3 percent. Nevada and Mississippi had reports similar to Oregon.
    Michigan lost half of a percent from its micro-business employment, while 10 other states, including Arizona, saw average employment losses.
    The allied June Intuit Small Business Revenue Index showed overall growth in revenue as firms continued to recover from recessionary depths.
    Small businesses with 20 or fewer employees saw overall revenue decrease by 0.01 percent in June on a per-business basis. Hospitality, food services and drinking places showed the largest gain of 0.2 percent, while the health care and social assistance sectors suffered the largest decrease, 0.18 percent.
    Reach reporter Greg Stiles at 541-776-4463 or business@mailtribune.com. Follow him on Twitter @GregMTBusiness, friend him on Facebook and read his blog at www.mailtribune.com/EconomicEdge.
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