2007 August National Small Business Trends

Hiring increased in August, marking our ninth straight month of increased hiring in the small business economy.

The national SurePayroll Hiring Index, which measures the number of employees within small businesses, ended August at 10,754, up 38 points from where the index stood at the end of July.

Small business paychecks bumped up slightly in August, after a flat (barely positive) July. We expected a decline in salaries this month, but instead we've extended the streak to twenty-four straight months of rising salaries. The SurePayroll Pay Index clocked in at 1,051 at the end of August, up three points from the end of July.

The monthly SurePayroll Scorecard data for August 2007 can be found in the table below.

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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