The United States economic situation has been recovering slowly according to many analysts but today a report released by Intuit indicates that one specific part of the private sector seems to be leading much of that recovery. According to analysts jobs overall have been increasing in nearly all parts of the United States but recently small businesses have been making the biggest difference.
Due to the economic downturn many companies and businesses were forced to let go many employees to save money; the fact that small businesses are hiring once again is a very good sign according to leading analysts. Small businesses, particularly those with under 20 people, have been hiring at nearly double the rate they had been before which means they are surely seeing some sort of recovery from the economic downturn.
According to the study small businesses have increased their number of jobs by approximately 1% which is an astonishing number according to analysts. Even a fraction of a percentage increase would be a significant jump according to economic analysts from all around the US but the fact that the number of jobs available increased 1% in a year means the economic growth is expanding to small businesses quite rapidly.
Along with this increase of jobs these small businesses are also reportedly spending more money; all of these factors combine indicate that the economic growth is solid and consistent which is very promising for the United States and worldwide economic recovery efforts.