Small business paychecks were slightly down in March. The SurePayroll Pay Index clocked in at 942 at the end of March. It was at 952 at the end of December, was at 947 at the end of January, and was at 946 at the end of February. As such, small business salaries are now down 1.03% year to date. That's a slower pace for small business salary deflation than we saw in 2004. In 2004, small business salaries dropped 4.8% on average. The slowdown in salary deflation is good news for small business employees. It's arguably bad news for small business owners as they may be seeing an end to lower employee salaries.
The monthly SurePayroll Scorecard data for March 2005 can be found in the table below.
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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 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.
Small Business Scorecards Archive:
