Small business hiring rose in August and ended the month up 0.42%.
The SurePayroll Hiring Index, which measures small business employment trends, ended the month at 11,158, a 47-point increase from July.
On a national basis, this was our 21st straight month of increased hiring in the small business economy, and this is the highest the Hiring Index has been since its inception in January 2004.
The SurePayroll Pay Index, which measures small business salary trends, stood at 1,047 at the end of August, down four points from July. We have now had seven consecutive months of declining small business salaries.
The monthly SurePayroll Scorecard data for August 2008 can be found in the table below.
The monthly SurePayroll Scorecard data for August 2008 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 20,000 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.
Small Business Scorecards Archive:
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