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January National Small Business Trends

Small businesses increased employee headcount in January, but just barely. The national SurePayroll Hiring Index, which measures the number of employees within small businesses, ended January at 10,444. That was up 0.1% from the December 2004 close.

Small business paychecks were slightly down in January. The SurePayroll Pay Index clocked in at 947 at the end of January. It was at 952 at the end of December. As such, small business salaries fell 0.5% in January.

The monthly SurePayroll Scorecard data for 2005 can be found in the table below.

  SurePayroll Hiring Index SurePayroll Pay Index
January '05 10,444 947


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.


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