October 2007 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.

	SurePayroll Hiring Index	SurePayroll Pay Index
October '07	10,822	1,056
September '07	10,788	1,053
August '07	10,754	1,051
July '07	10,716	1,048
June '07	10,676	1,048
May '07	10,634	1,046
April '07	10,600	1,038
March '07	10,558	1,034
February '07	10,511	1,032
January '07	10,472	1,025

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.

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