U.S. Chamber of Commerce
July 5, 2024
Data collected from the Intuit QuickBooks Small Business Index shows the first rise in small business employment since early 2023, despite decreases in the following sectors; leisure, hospitality, utilities, transport, and warehousing.
Summary: Data shows the first small business employment increase in 15 months.
- The sectors leading employment growth include agriculture, natural resources, and mining led the way for small business employment growth in June with a 0.58% month-over-month increase.
- The construction, education, and health services sectors also experienced growth.
- The information sector took the hardest hit in decreased employment among small business sectors, decreasing by 0.51% in June.
- Leisure, hospitality, utilities, transport, and warehousing also decreased employment in June.
- The Plains region led the country with a small business employment growth rate of 0.62% in June.
- The Southwest region did not experience small business employment growth; including the states of Arizona, New Mexico, Oklahoma, and Texas.
Learn more about this data and explore the entire report, published July 5, 2024.
