Australian SMEs recorded highest jobs growth in 11 months: Xero

By Rhea Laxmi Nath · 25 August 2022 · News

Australian SMEs recorded highest jobs growth in 11 months: Xero

Aussie SMEs Experience Surprise Jobs Boom

Despite a slowdown in sales, Australian small businesses are defying expectations with a major jobs growth surge. But what's behind this unexpected trend and what does it mean for the economy?

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Summary

Despite a slowdown in sales, Xero’s Small Business Index for July indicates Australian SMEs recorded the strongest jobs growth in almost a year.