Small business payrolls increase 30,000 in October

WASHINGTON Mon Oct 31, 2011 8:37am EDT

A man looks on inside a job fair in New York, October 24, 2011.    REUTERS/Shannon Stapleton

A man looks on inside a job fair in New York, October 24, 2011.

Credit: Reuters/Shannon Stapleton

Related Topics

WASHINGTON (Reuters) - U.S. small businesses added fewer jobs in October than in the previous month and reduced working hours for employees, a survey showed on Sunday.

Intuit, a payrolls processing company, said small businesses created 30,000 jobs this month, after adding 40,000 workers in September.

The survey is based on responses from about 66,000 employers at businesses with fewer than 20 employees that use the Intuit Online Payroll system. It covered the period from September 24 to October 23.

The average work week for small business fell 0.2 percent to 24.5 hours, while the average monthly salary was little changed at $2,622.

The government will release its closely watched employment report for October on Friday. Nonfarm payrolls likely increased 95,000, according to a Reuters survey, after rising 103,000 in September.

Part of the rise in September nonfarm employment was because of the return to payrolls of 45,000 Verizon Communications workers following a strike.

(Editing by Dan Grebler)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

California state worker Albert Jagow (L) goes over his retirement options with Calpers Retirement Program Specialist JeanAnn Kirkpatrick at the Calpers regional office in Sacramento, California October 21, 2009. Calpers, the largest U.S. public pension fund, manages retirement benefits for more than 1.6 million people, with assets comparable in value to the entire GDP of Israel. The Calpers investment portfolio had a historic drop in value, going from a peak of $250 billion in the fall of 2007 to $167 billion in March 2009, a loss of about a third during that period. It is now around $200 billion. REUTERS/Max Whittaker   (UNITED STATES) - RTXPWOZ

How to get out of debt

Financial adviser Eric Brotman offers strategies for cutting debt from student loans and elder care -- and how to avoid money woes in the first place.  Video