On a regional basis, small business hiring has increased year to date in every region except the West, where hiring is down 0.2%. The Northeast leads the nation in hiring growth, with a 6.9% year-to-date increase.
With respect to small business salary trends, salaries have decreased year to date in every region except the West, where hiring is up 4.4%. The South has had the steepest drops in small business salaries, dropping 7.1% year to date.
October Regional Data
Below is the monthly SurePayroll Scorecard data for each region for
October.
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The SurePayroll Hiring Index and the SurePayroll Pay Index are generated as part of SurePayrolls 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.
Small Business Scorecards Archive:
