2007 December National Small Business Trends
Small business rose in December and ended the year up 4.3%.
The SurePayroll Hiring Index ended the month at 10,893, a 30-point increase (0.28%) from November. On a national basis, we've now experienced 13 straight months of increased hiring in the small business economy.
The SurePayroll Pay Index was 1,061 at the end of December, up four points from the end of November. This extends the increase streak to an impressive 28 straight months of rising salaries.
For the entire year, salaries were up 4.2% relative to the end of 2006.
The monthly SurePayroll Scorecard data for December 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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