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The rising price of commodities — particularly oil — continues to take its toll on small business owners and the small business economy. April marked the seventh consecutive month of flat or shrinking hiring numbers across the nation. The average paycheck size is down slightly year-to-date and month-over-month. Small business optimism plummeted from a recent high of 69 percent to 52 percent.
The year-to-date hiring decrease of -2.3 percent indicates a continual lack of economic growth. Average pay, though recently on the upswing, is currently down -0.1 percent year-to-date. The increasing reliance on contractors suggests that business is picking up, but small business owners don't have the confidence or bookings to create jobs.
| April 2011 Data |
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> The Latest National Results YTD Hiring Down -2.3%; YTD Paychecks Down -0.1% |
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> The Latest Regional Results YDT Hiring Down in all Four Regions; YTD Paychecks up in Northeast, flat is South, down in Midwest and West |
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.
