Hiring increased in May, marking our sixth 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 May at 10,634, up 34 points from where the index stood at the end of April.
Small business salaries are still on the rise, continuing the trend from last year. Small business paychecks were up in May, marking twenty one straight months of rising salaries. The SurePayroll Pay Index clocked in at 1,046 at the end of May, an 8-point increase from April.
The monthly SurePayroll Scorecard data for May 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 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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