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Small business hiring up slightly in Jan., report says

Small business hiring up slightly in Jan., report says

U.S. modest companies developed 70,000 new jobs this month, or in regards to a 0.3 percent employment boost, based on a report Monday by Intuit Inc. Mountain View, Calif.-based Intuit (Nasdaq:INTU) said in the index - which looks at service trends at companies with less than twenty employees - reparation also grew by 0.3 % to $2,619 monthly. In December the figure was $2,612 per month.

Based on this newest data, the employment rate of growth for December was revised upward to 0.4 percent, equating to 80,000 jobs added for that month along with a nearly 5 percent annual rate of growth. Because the development trend initially began in 2009, tiny business employment have raised by a revised forecast of just over 1 million, Intuit reported - an essential indicator for Austin's "keep it local" economy.

Modest enterprise hourly employees worked an average of 108.1 hrs in Jan., translating to some 24.9-hr work week. That was a 0.6 % increase in the reviewed Dec. figure of 107.4 hrs. In Central Texas, the unemployment rate fell to 6.8 percent last month, though it lost 3,000 positions from November.

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