Intuit report: Small business employment edges up in November
Mountain View, Calif. – A report released Tuesday by Intuit Inc. found that small business employment continued to show growth in November, although wages were down and hours worked remained flat.
According to Intuit’s Small Business Employment Index, small business employment grew by 0.24% in November, equating to an annual rate of about 3%. This translates to approximately 49,000 new jobs created nationwide. The Index is based on figures from the country’s smallest businesses that use Intuit Online Payroll.
“The recovery that began late last summer for small businesses is still underway,” said Susan Woodward, the economist who worked with Intuit to create the Index. “While employment at the national level for all businesses is barely rising, small businesses are showing a more robust increase. This is in line with what we’ve seen with past recessions — small businesses are the first to hire when recovery begins.”
Total compensation per employee fell in November while hours worked were flat, compared to October. Average monthly pay for all small business employees was $2,592 per month in November, a 0.3% decline from the revised October figure of $2,600 per month. This translates to wages of about $31,100 per year, which is part-time work for many small business employees. Small business hourly employees worked an average of 105.9 hours in November, translating to a 24.4-hour work week. Hours worked remained flat for November following a sharp rise in hours worked in October.
Arizona, Massachusetts,New Jersey and Virginia all experienced the strongest increases in employment.
BCBG debuts new retail format
New York – BCBGMAXAZRIAGROUP, the $1 billion global fashion brand, has launched a new, fast-fashion store concept, Lola, targeted at young women (ages 16 to 26). The 3,000-sq.-ft. store, has a cool, hip vibe and is designed as an urban studio apartment, complete with fireplace, daybed, spiral staircase, and closet. Salvaged doors give the storefront a Lower East Side feel.
With locations in Mall of America, Bloomington, Minn., and San Juan, Lola was designed in-house by BCBG. Nearly every component in the space was engineered and manufactured by idX Corp., St, Louis.
A.R.E.’s Retail Design Collective slated for Dec. 8-10
New York City – The Association for Retail Environments (A.R.E.) announced that its Retail Design Collective will be held Dec. 8-10, at 7 W New York, 7 W. 34th St. and at other major showrooms throughout New York City.
Conference sessions focus on visual merchandising and store design trends, and will feature retailers such as Harry Cunningham of Saks Fifth Avenue, Brad Lenz of Liz Claiborne, Diana Bernal of Van Cleef Arpels Inc., Paul Olszewski of Macy’s, Tom Davidson of The Food Emporium, and Lauren Shaw of Louis Vuitton North America.