Small business hiring was up 0.3 percent in April. Salaries were down 0.9 percent.
The SurePayroll Hiring Index, which tracks small business employment trends, ended the month at 11,404, a 36-point increase from March.
This was the 29th consecutive month of increased hiring in the small business economy.
Small business salaries have been consistently heading the other direction. The average small business salary decreased for the 15th consecutive month. The SurePayroll Pay Index dropped nine points in April to 1,001.
April was the largest one-month decline in salaries that we've seen since December 2004. The monthly SurePayroll Scorecard data for April 2009 can be found in the table below.
|
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 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:
