Small Business Hiring Slows in August

New York, NY, Aug. 29, 2011 -- Employment growth at small businesses slowed in August and employers reduced hours, according to a survey by Intuit, a payrolls processing company.

Intuit said small businesses added 35,000 jobs after increasing employment by 40,000 in July.

The survey is based on responses from about 66,000 employers at businesses with fewer than 20 employees.

Susan Woodward, the economist who helped to develop the survey said the numbers don't suggest a new recession, but they don't suggest a quick recovery, either.