May 2008 Regional Small Business Trends

The regional directional trends for July 2008 are exactly the same as we reported in our June 2008 Small Business Scorecard

With respect to small business salary trends, salaries have decreased year to date in every region except the West.

On a regional basis, small business hiring has increased year to date in the Midwest, Northeast and South. Hiring is down in the West.

Regional Data
Below is the monthly SurePayroll Scorecard data for each region for May.

Midwest Results

  SurePayroll Hiring Index SurePayroll Pay Index
May '08 10,011 1,045
April '08 9,953 1,047
March '08 9,919 1,045
February'08 9,870 1,047
January '08 9,826 1,047
December '07 9,792 1,048
December '07 9,792 1,048


Northeast Results

  SurePayroll Hiring Index SurePayroll Pay Index
May '08 10,686 1,118
April '08 10,602 1,125
March '08 10,543 1,125
February'08 10,488 1,132
January '08 10,410 1,141
December '07 10,357 1,139


South Results

  SurePayroll Hiring Index SurePayroll Pay Index
May '08 10,584 1,065
April '08 10,516 1,075
March '08 10,492 1,081
February'08 10,417 1,088
January '08 10,334 1,096
December '07 10,246 1,104


West Results

  SurePayroll Hiring Index SurePayroll Pay Index
May '08 11,375 1,115
April '08 11,383 1,108
March '08 11,391 1,104
February'08 11,388 1,097
January '08 11,382 1,093
December '07 11,376 1,085


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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at 212.886.6711.