Small business paychecks, which have trended downward all year, were flat in October. The SurePayroll Pay Index was at 967 at the end of September and was at 966 at the end of October. Year to date, the SurePayroll Pay Index is down 3.4% for the year. But, the virtually flat change for October was a pleasant surprise, possibly indicating an end to salary deflation for the year and perhaps even a reversal back to historic salary levels.
The SurePayroll Scorecard data on a monthly basis since the beginning of the year can be found in the table below.
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About the Scorecard
The SurePayroll Hiring Index and the SurePayroll Pay Index are generated as part of SurePayroll’s Small Business Scorecard, an economic indicator that tracks the health of the U.S. small business economy. The Small Business Scorecard is generated from actual payroll data — paychecks issued to contractors and employees — for tens of thousands of small businesses nationwide.
Questions regarding the SurePayroll Small Business Scorecard can be directed to Michael Alter. Michael can be reached at malter@surepayroll.com or by phone at 847.676.8420 ext. 7229.
Questions regarding the SurePayroll Small Business Scorecard can be directed to Marissa Hermo. Marissa can be reached at mhermo@kruppnyc.com or by phone at 212.886.6711.
Small Business Scorecards Archive:
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