On a regional basis, the average small business size dropped in the Midwest, Northeast and South in 2006.
In terms of small business growth, the West was the only regional success story in 2006. Hiring there was up 1.4% year to date. The Northeast has had the steepest regional decline in 2006 — down 6.2%.
On the 2006 salary front, average small business paychecks rose in all four regions: in the Midwest (up 4.7%), Northeast (up 12.3%), South (up 7.5%) and West (up 17.3%).
Regional Data
Below is the monthly SurePayroll Scorecard data for each region for December.
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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:
