2007 October National Small Business Trends
Small business hiring rose in October.
The SurePayroll Hiring Index ended the month at 10,822, a 35-point increase (0.32%) from September.
Despite all the negative talk you hear about the overall economy, this was our eleventh straight month of increased hiring in the small business economy.
The SurePayroll Pay Index was 1,056 at the end of October, up three points (0.28%) from the end of September.
With this increase, we've extended the streak to an impressive twenty-six straight months of rising salaries.
The monthly SurePayroll Scorecard data for October 2007 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 over 18,000 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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