July 2010 Regional Small Business Trends

July’s regional results reflect the national results of modest hiring gains and small paycheck size differences, with some dips and upticks. All regions except the Midwest experienced hiring growth. The Midwest and West saw paycheck size increases of 0.1 percent and 0.3 percent, respectively, while the Northeast suffered a -0.1 percent dip and the South remained flat.

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 Lori Bolas or Melinda Brodbeck. Lori can be reached at loriann.bolas@surepayroll.com or by phone at 847.676.8420 ext. 7248. Melinda can be reached at mbrodbeck@kruppnyc.com or by phone at 212.886.6705.