NEW YORK (AP) — A new survey shows that the rate of hiring by small businesses improved in September, but revenue declined.
A survey from business software maker Intuit Inc. says that employment at small businesses climbed 0.2 percent, or approximately 40,000 new jobs, in September. That's better than August's increase of 0.16 percent.
Intuit also said that revenue at small businesses dropped 0.4 percent in August when compared with July. The biggest decline was in the retail, lodging and restaurant industries, where revenue fell 0.7 percent. The smallest drop was in health care and social assistance, with revenue falling 0.3 percent.
Intuit compiled its employment numbers from data from approximately 84,000 small business employers. The revenue numbers were compiled from data from more than 100,000 small companies.
Another reading on small business hiring is expected Thursday, when payroll firm ADP is scheduled to release its report for August. On Friday the Labor Department releases its report on employment for the month.