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September 2008 Regional Small Business Trends

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.

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

Midwest Results

  SurePayroll Hiring Index SurePayroll Pay Index
September ‘08 10,329 1,033
August ‘08 10,257 1,035
July ‘08 10,175 1,037
June '08 10,085 1,040
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


Northeast Results

  SurePayroll Hiring Index SurePayroll Pay Index
September ‘08 11,076 1,077
August ‘08 10,989 1,087
July ‘08 10,876 1,096
June '08 10,778 1,106
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
September ‘08 10,790 1,026
August ‘08 10,748 1,036
July ‘08 10,694 1,045
June '08 10,635 1,054
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
September ‘08 11,354 1,133
August ‘08 11,369 1,131
July ‘08 11,362 1,127
June '08 11,361 1,120
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 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.

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