SurePayroll Scorecard - 2008 - January - National Small Business Trends

January 2008 National Small Business Trends

Small business hiring rose in January and ended the month up 0.3%.

The SurePayroll Hiring Index ended the month at 10,924, a 31-point increase (0.28%) from December. On a national basis, we've now experienced 14 straight months of increased hiring in the small business economy.

The SurePayroll Pay Index was 1,063 at the end of January, up two points from the end of December. This extends the increase streak to an impressive 29 straight months of rising salaries, but our data suggests that the era of salary increases may be nearing an end.

The monthly SurePayroll Scorecard data for January 2008 can be found in the table below.

	SurePayroll Hiring Index	SurePayroll Pay Index
January '08	10,924	1,063
December '07	10,893	1,061
November '07	10,863	1,057
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 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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