Total monthly employment for small businesses with 1-9 employees (seasonally adjusted), showing the number of employees at businesses of this size. National (UK) sample: almost 25,000 small businesses that run payroll with QuickBooks.

Notes: (1) The Index uses QuickBooks anonymised data to create aggregated data outputs which are normalised against official statistics to reflect the general population of small businesses, rather than the QuickBooks customer base. It is not a reflection of Intuit’s business. (2) Shaded area follows official employment statistics closely (in-sample). Area not shaded is the Index's prediction for what official statistics will show when published. (3) Please note that the Index’s predicted total employment levels and predicted growth rates may differ. This is because during the months when official statistics are available, the employment levels are calculated by leveraging predicted growth rates and the latest official statistics (rather than the previous Index predictions). Please note that Index totals and growth rates may differ. This is because growth rates are benchmarked against the latest official statistics not previous Index predictions. Please note that Index totals and growth rates may differ. This is because growth rates are benchmarked against the latest official statistics not previous Index predictions.