NEW YORK ( TheStreet) -- Businesses with fewer than 20 employees added 50,000 jobs in March, falling short of the prior two months' totals, according to the Intuit (INTU) Small Business Employment Index.
Small-business employment as measured by the Index, published today, rose 0.2% for March, equating to an annual growth rate of 3%, Intuit says.
Intuit's monthly index measures hiring at roughly 64,000 small firms that use the company's Intuit Online Payroll services.
|Small businesses added 50,000 jobs in March, falling short of employment numbers in the prior two months.|
"Employment is up again for small business this month," according to economist Susan Woodward, who collaborates with Intuit on the index. "The gain, at an annual rate, is not quite as large as last month, but it's still encouraging. Plus there is one more sign of strength -- employment was up for the first time in many months in all nine U.S.
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