June 2008 National Small Business Trends
Small business hiring rose in June and ended the month up 0.3%.
The SurePayroll Hiring Index, which measures small business employment trends, ended the month at 11,066, a 31-point increase from May.
On a national basis, this was our 19th 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 1,054 at the end of June, down four points from May. We have now had five consecutive months of declining small business salaries.
The monthly SurePayroll Scorecard data for June 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 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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