SurePayroll's February 2011 Small Business Scorecard

2011 is becoming a rerun of 2010's small business economy storyline. February marked the fifth consecutive month of flat or shrinking hiring numbers across the nation. The average paycheck size, however, continued to grow.

Although the year-to-date hiring decrease of -1.4 percent indicates a continual lack of economic growth, small business hiring numbers are slightly up compared year-over-year. Average pay, on the other hand, sheds a different light on the portrait of the current economy. The year-to-date paycheck size increase of +0.4 percent suggests that while employers aren't actively hiring, business is picking up and hourly employees are working more shifts.

February 2011 Data

> The Latest National Results    YTD Hiring Down -1.4%; YTD Paychecks Up +0.4%

> The Latest Regional Results    YTD Hiring Down, and Paychecks Up or Static, in All 4 Regions

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.

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