The national SurePayroll Hiring Index, which measures the number of employees within small businesses, ended May at 10,435, five points down from where the index stood at the end of April.
That’s our ninth straight month of negative or flat hiring in the small business economy.
Small business salaries, in contrast, are still on the rise. Small business paychecks were up in May, for the ninth month in a row. The SurePayroll Pay Index clocked in at 983 at the end of May, a one point increase from April.
The monthly SurePayroll Scorecard data for May 2006 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:
