Regional Small Business Trends

On a regional basis, small business size is trending down in the Midwest and the South year to date, and is increasing in the Northeast and West. Regionally, paychecks trended in the opposite direction, up in the Midwest and the South year to date, and down in the Northeast and West. Apparently, if you are a small business owner, it's good to be on the coasts.

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

Midwest Results   SurePayroll Hiring Index SurePayroll Pay Index March '05 9,894 970 February '05 10,017 956 January '05 10,063 956

Northeast Results   SurePayroll Hiring Index SurePayroll Pay Index March '05 9,983 1,034 February '05 9,751 1,043 January '05 9,716 1,043

South Results   SurePayroll Hiring Index SurePayroll Pay Index March '05 10,085 1,023 February '05 10,191 1,016 January '05 10,197 1,015

West Results   SurePayroll Hiring Index SurePayroll Pay Index March '05 10,639 906 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:
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