San Francisco Chronicle - Employment-Small-Business Job Creation Awaits Profit Rebound

April 7, 2010

Employment - Small-Business Job Creation Awaits Profit Rebound
 
Tom Abate
April 7, 2010
 
Drew White, chief financial officer for the North Carolina software firm Sageworks, says his analysis of anonymous financial returns from thousands of small businesses shows that profit per employee has not yet recovered for many types of firms. He thinks a rebound in profit per employee must precede robust job creation. This chart shows average profit per employee for six broad sectors, from 2006 through 2009.
 
Industry
2006
2007
2008
2009
Construction
$14.581.23
$15,656.77
$13,006.91
$9,520.09
Manufacturing
12,089.43
12,479.41
11,401.24
7,772.45
Wholesale Trade
18,945.42
18,089.04
17,755.95
12,766.38
Retail Trade
9,188.41
9,534.65
9,188.92
9,557.38
Educational Services
11,923.23
14,317.97
11,683.89
8,503.26
Health Care, Social Assistance
21,691.94
22,487.17
19,879.49
20,205.72
 

 
 
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