Regional Small Business Trends

On a regional basis, small business size is trending down slightly in the Midwest and the West year to date. It was flat in the south, and is increased slightly in the NorthEast.

Looking at average paycheck size, paychecks were mixed on a regional basis but were flat compared to last year's deflationary trend. Paychecks were down 0.2% in the Midwest; down 0.9% in the West; up 0.4% in the Northeast; and up 0.7 % year-to-date change in the South.

Below is the monthly SurePayroll Scorecard data for each Region for 2005.

Midwest Results   SurePayroll Hiring Index SurePayroll Pay Index February '05 10,017 956 January '05 10,063 956

Northeast Results   SurePayroll Hiring Index SurePayroll Pay Index February '05 9,751 1,043 January '05 9,716 1,043

South Results   SurePayroll Hiring Index SurePayroll Pay Index February '05 10,191 1,016 January '05 10,197 1,015

West Results   SurePayroll Hiring Index SurePayroll Pay Index February '05 10,601 916 January '05 10,626 916

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:
Scorecard | 2008 | 2007 | 2006 | 2005 | 2004