Regional Small Business Trends
On a regional basis, small business size is trending down in the Midwest, South and West year-to-date. The Northeast is still on track to be the regional success story for 2005. Hiring there is up 7.0% year-to-date. It's safe to say that the Northeast is what's keeping the nation in positive territory on hiring this year.
On the salary front, average small business paychecks are up in the South and the Midwest year-to-date. Salaries are still trending down in the Northeast and West.
Below is the monthly SurePayroll Scorecard data for each region for August 2005:
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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 over 15,000 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
