Regional Small Business Trends
Small businesses employee headcount increased in October in every region of the country.
Year to date, every region except the Northeast has seen growth in small business hiring, and in the last couple of months we've seen the Northeast edging up in hiring. Year to date, small business paychecks are down in the Midwest and the West. In the Northeast, where businesses have not grown, salaries are up for the year. In the South, remarkably, the average salary year to date is flat - exactly where it was back in January.
Regional Data
Below is the SurePayroll Scorecard data for each Region on a
monthly basis since the beginning of the year.
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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 over 13,000 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.
Small Business Scorecards Archive:
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2008 |
2007 |
2006 |
2005 |
2004
