NEW YORK ( TheStreet) -- Small business employment grew slightly in November, while wages were down and hours worked were flat.
Small business employment grew 0.24% in November. That equates to an annual rate of about 3% or about 49,000 new jobs created in the U.S., according to the latest update of Intuit's (INTU - Get Report) Small Business Employment Index.
"The recovery that began late last summer for small business is still underway," Susan Woodward, the economist who helped create the Index, said in a press release.
Average total monthly pay for small business employees in November was $2,592, a 0.3% decline from the previous month.Small business employees worked an average of 105.9 hours per month, flat from October. Intuit's Small Business Index is published monthly, based on data from 59,000 small business employers who use Intuit Online Payroll. --Written by Olivia Oran in New York.
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