SurePayroll Scorecard - 2004 - September - National Small Business Trends

National Small Business Trends

Small businesses continued to increase employee headcount. Small business paychecks continue to trend downward.

The SurePayroll Hiring Index, which tracks the size of U.S. small businesses, was 10,252 at the end of the Third Quarter. That was up 0.59% from the end of August, suggesting that small businesses continue to ramp up in size to handled increased business.

The SurePayroll Pay Index, which tracks the average paycheck amounts at U.S. small businesses, was 967 at the end of the Third Quarter. That was down 1.12% from the end of August, suggesting that the average small business employee earned a little bit less in September than they did in August.

Below is the SurePayroll Scorecard data on a monthly basis since the beginning of the year.

SurePayroll Hiring Index SurePayroll Pay Index January '04 10,000 1,000 February '04 10,011 995 March '04 10,008 997 April '04 10,031 994 May '04 10,067 990 June '04 10,105 988 July '04 10,152 982 August '04 10,192 978 September '04 10,252 967

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 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.

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