- Mark Harden
- News Director- Denver Business Journal
Employment by small businesses in Colorado rose by 0.09 percent in April from the previous month, the state’s greatest monthly gain since December, according to a report Wednesday from Intuit Inc.
But the increase trailed the nationwide average gain of 0.12 percent, Intuit said. Colorado is tied for 23rd among the states for small-business job growth in April, down from 12th the previous three months.
April’s increase in small-business hiring in Colorado followed a 0.03 percent monthly rise in March, according to Intuit data. There was no gain in February, a 0.07 percent rise in January and a 0.14 percent increase in December.
For its report, Intuit (Nasdaq: INTU) — a Mountain View, Calif.-based financial software and online services company — gathered data anonymously from 225,000 businesses nationwide with 20 or fewer workers that use its business software products.
The report covers the period from March 24 through April 23.
Intuit says 22 other states had bigger month-over-month small-business hiring increases in April. Virginia, Nevada, Kentucky and Hawaii topped the list, tied at 0.3 percent employment gains.
Minnesota was the only state posting a small-business employment decline in April, down 0.03 percent.
The report said that small-business workers at surveyed companies nationwide were paid an average of $2,741 a month in April, up $2 from the previous month’s adjusted level. And monthly time worked averaged 108.6 hours in April, down 3 minutes from March.
The Intuit data come from small businesses that use the company’s Intuit Online Payroll and QuickBooks Online Payroll products.
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Mark Harden directs print and digital news content for the Denver Business Journal and writes for the “17th & Lincoln” blog. Email: firstname.lastname@example.org. Phone: 303-803-9227.
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