The Intuit QuickBooks Small Business Index tracks monthly changes in small business employment, job vacancies, and revenue. Scroll down or use the links below to see the latest insights in the US, Canada, and the UK:
In Canada, the Small Business Index tracks monthly employment at small businesses with 1-19 employees.
From the charts below, see total monthly employment and monthly employment growth rates for Canada's small businesses with 1-19 employees (seasonally adjusted) from January 2015 to the present. Total national sample: 87,000 small businesses.
From the charts below, see total monthly employment by sector and monthly employment growth rates for Canada's small businesses with 1-19 employees (seasonally adjusted). The Index covers 13 sectors, excluding Other Services (NAICS 81) and Public Administration (NAICS 92).
Use the filter below to select a sector:
From the charts below, see total monthly employment by region and monthly employment growth rates for Canada's small businesses with 1-19 employees (seasonally adjusted). Note: the Northern Territories region (Nunavut, Northwest Territories, Yukon Territory) is not currently included in the Index.
Use the filter below to select a region:
In the US, the Small Business Index tracks monthly employment and revenue at small businesses with 1-9 employees.
From the charts below, see total monthly employment and monthly employment growth rates for all US small businesses with 1-9 employees (seasonally adjusted) from January 2015 to the present. Total national sample: 444,000 small businesses.
From the charts below, see total monthly employment by sector and monthly employment growth rates for US small businesses with 1-9 employees (seasonally adjusted). The Index covers 12 sectors, excluding Other Services (NAICS 81) and Public Administration (NAICS 92).
Use the filter below to select a sector:
From the charts below, see total monthly employment by region and monthly employment growth rates for US small businesses with 1-9 employees (seasonally adjusted).
Use the filter below to select a region:
From the charts below, see total monthly employment by state and monthly employment growth rates for US small businesses with 1-9 employees (seasonally adjusted). Note: data is currently available for 20 states.
Use the filter below to select a state:
From the charts below, see average real monthly revenue (in 2017 dollars) and monthly revenue growth rates per US small business with 1-9 employees (seasonally adjusted) from May 2019 to the present. Total national sample: 300,000 US small businesses.
From the charts below, see average real monthly revenue by sector (in 2017 dollars) and monthly revenue growth rates per US small business with 1-9 employees (seasonally adjusted). The Index covers 12 sectors, excluding Other Services (NAICS 81) and Public Administration (NAICS 92).
Use the filter below to select a sector:
From the charts below, see average real monthly revenue by region (in 2017 dollars) and monthly revenue growth rates per US small business with 1-9 employees (seasonally adjusted).
Use the filter below to select a region:
From the charts below, see average real monthly revenue by state (in 2017 dollars) and monthly revenue growth rates per US small businesses with 1-9 employees (seasonally adjusted). Note: data is currently available for 20 states.
Use the filter below to select a state:
In the UK, the Small Business Index tracks monthly employment and job vacancies at small businesses with 1-9 employees.
From the charts below, see total monthly employment and monthly employment growth rates for UK small businesses with 1-9 employees (seasonally adjusted) from January 2019 to the present. Total national sample: 26,000 small businesses.
From the charts below, see total monthly employment by sector and monthly employment growth rates for UK small businesses with 1-9 employees (seasonally adjusted). The Index covers 13 sectors, excluding Agriculture, Forestry, and Fishing (SIC A); Mining and Quarrying (SIC B); Utilities (SIC D); Water and Waste Management (SIC E); Public Administration, Defence, and Social Security (SIC O); Other Services (SIC S); Household Employers (SIC T); and Extraterritorial Organisations (SIC U).
Use the filter below to select a sector:
From the charts below, see total monthly employment by nation and the regions of England and monthly employment growth rates for UK small businesses with 1-9 employees (seasonally adjusted).
Use the filter below to select a nation or region:
From the chart below, see total monthly job vacancies and monthly job vacancy growth rates at UK small businesses with 1-9 employees (seasonally adjusted) from January 2018 to the present. Total national sample: 26,000 small businesses.
From the charts below, see total monthly job vacancies by sector and monthly job vacancy growth rates for UK small businesses with 1-9 employees (seasonally adjusted). The Index covers 13 sectors, excluding Agriculture, Forestry, and Fishing (SIC A); Mining and Quarrying (SIC B); Utilities (SIC D); Water and Waste Management (SIC E); Public Administration, Defence, and Social Security (SIC O); Other Services (SIC S); Household Employers (SIC T); and Extraterritorial Organisations (SIC U).
Use the filter below to select a sector:
From the charts below, see total monthly job vacancies by nation and the regions of England and monthly job vacancy growth rates for UK small businesses with 1-9 employees (seasonally adjusted).
Use the filter below to select a sector:
The Intuit QuickBooks Small Business Index is powered by anonymized data from 557,000 QuickBooks customers, official statistics, and robust economic models developed by Prof. Ufuk Akcigit (University of Chicago) and a team of independent economists. For monthly updates, use the sign-up form above or check the publication calendar.
By combining official statistics with more up-to-date administrative data from small businesses, the Small Business Index provides reliable monthly estimates of:
The Small Business Index is a collaboration between Intuit QuickBooks and an international team of economists led by Professor Ufuk Akcigit, the Arnold C. Harberger Professor of Economics at the University of Chicago. It uses administrative data from anonymized QuickBooks Payroll and QuickBooks Online accounting records (not survey data) in combination with official statistics from the U.S. Bureau of Labor Statistics, Statistics Canada, and the UK’s Office for National Statistics. This ensures the Index reflects the general population of small businesses in each country, not the performance of QuickBooks customers or Intuit’s business. The total worldwide sample is 557,000 small businesses.
Read more about the sample and data sources in the Small Business Index methodology.
The primary benefits of the Small Business Index are its frequency, reliability, and unparalleled focus on small businesses. The Index shows how small businesses are reacting to the economy before other statistics are available. For example, in the US, official statistics on small business employment have a time lag of up to nine months. With the Small Business Index, the time lag is cut to just a few days.
Small businesses are vital to the health of the economy but often underrepresented in economic data. By shining a brighter light on small businesses, we want to boost their growth and remove barriers to success. This matters. Did you know, 1 in 10 US jobs are provided by small businesses with fewer than 10 employees?
Get the answers to Frequently Asked Questions about the Small Business Index.
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