SurePayroll Scorecard - 2006 - October - National Small Business Trends

National Small Business Trends

The national SurePayroll Hiring Index, which measures the number of employees within small businesses, ended October at 10,432, down seven points from where the index stood at the end of September.

The hiring trend this year has been one of decreasing staff sizes. Of the ten months year to data in 2006, only three months have had increases in hiring: January, June and October.

Small business salaries remain on the rise. The SurePayroll Pay Index clocked in at 1,011 at the end of October, a four-point increase from September.

Of the ten months year-to-date in 2006, we have seen salaries increasing every single month.

The monthly SurePayroll Scorecard data for October 2006 can be found in the table below.

	SurePayroll Hiring Index	SurePayroll Pay Index
October '06	10,432	1,011
September '06	10,439	1,007
August '06	10,431	1,001
July '06	10,436	990
June '06	10,439	987
May '06	10,435	983
April '06	10,440	982
March '06	10,453	973
February '06	10,461	970
January '06	10,466	966
December '05	10,466	948
November '05	10,466	940

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 17,000 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.

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