February 2014 scorecard
1
As the first economic indicator created by a payroll company, the SurePayroll Scorecard has provided a monthly look at national hiring and paycheck trends since October 2004. SurePayroll's Scorecard compiles data from small businesses nationwide, and exclusively reflects the trends affecting the nation's "micro businesses" — those with 1-10 employees. The average business reflected has 6 employees. The SurePayroll Small Business Scorecard - Main Street Matters infographic also includes data for SurePayroll's top 35 MSAs. Contact Lori Bolas 847-676-8420 ext. 7248 [email protected] Copyright © 2014 SurePayroll. A Paychex Company. All rights reserved. Main Street Matters SMALL BUSINESS SCORECARD ® FEB-13 MAR-13 APR-13 MAY-13 JUN-13 JUL-13 AUG-13 SEPT-13 OCT-13 NOV-13 DEC-13 JAN-14 FEB-14 6.8% 6.7% 6.6% 6.5% 6.4% 6.3% 6.2% 6.1% 6.0% 5.9% 5.8% 5.7% 5.6% 5.5% 6.46% 6.74% 6.73% Use of 1099s is generated from actual payroll data – paychecks issued to contractors and employees – from small businesses nationwide. MONTH- OVER-MONTH CHANGES IN SMALL BUSINESS HIRING & PAYCHECKS YEAR- OVER-YEAR CHANGES IN SMALL BUSINESS HIRING & PAYCHECKS ATLANTA BOSTON CHICAGO CLEVELAND COLUMBUS DALLAS DENVER DETROIT HOUSTON LAS VEGAS LOS ANGELES MIAMI MINNEAPOLIS NASHVILLE NEW YORK NORFOLK ORLANDO PHILADELPHIA PHOENIX RALEIGH-DURHAM RICHMOND SAN DIEGO SAN FRANCISCO SEATTLE TAMPA WASHINGTON DC 0.5% -0.5% -0.3% -0.4% 0.2% -0.1% 0.3% 0.3% -0.1% 0.1% 0.3% 0.3% -0.1% 0.0% -0.1% -0.3% -0.4% 0.1% -0.1% 0.4% -0.2% 0.1% -0.3% -0.3% 0.1% -0.3% -0.2% 0.9% 0.5% -0.8% 0.1% 0.2% -0.9% 0.1% 0.1% -0.4% -0.2% -0.4% 0.0% -0.2% -0.4% -0.2% 0.3% -0.4% -0.2% -0.5% 0.1% -0.7% 0.8% 0.1% -0.4% -0.5% Hiring Index Pay Per Check ATLANTA BOSTON CHICAGO CLEVELAND COLUMBUS DALLAS DENVER DETROIT HOUSTON LAS VEGAS LOS ANGELES MIAMI MINNEAPOLIS NASHVILLE NEW YORK NORFOLK ORLANDO PHILADELPHIA PHOENIX RALEIGH-DURHAM RICHMOND SAN DIEGO SAN FRANCISCO SEATTLE TAMPA WASHINGTON DC 4.4% -9.9% -2.1% 0.8% -2.6% 1.7% -2.7% -0.2% -1.4% -5.0% -2.2% 9.5% -2.8% -0.4% -3.6% 2.3% -3.4% -5.7% 1.4% 9.4% -0.8% -1.5% -1.9% -7.9% 0.7% -0.7% -1.5% -4.8% 1.0% -2.9% 1.4% 10.3% -9.0% 10.3% 1.5% -2.2% -2.2% -5.5% -1.8% 2.9% -0.7% -5.6% -0.8% 2.9% -1.6% -5.0% -9.8% -5.6% 1.7% -2.9% 1.9% -3.9% Hiring Index Pay Per Check While the weather certainly had an impact on business in February, more than 60 percent of small business owners also said the cost of salary and wages is a barrier to hiring right now. One in three are not finding qualified candidates. If cost was not an issue, small business owners said sales, marketing and administrative assistant personnel would be at the top of their hiring list. Despite the severe weather, only 37 percent have a disaster plan in place for their businesses. More on the Small Business Landscape 34 % of small business owners surveyed experienced a slowdown during the first two months of the year due to severe weather. Optimism Outlook THE SMALL BUSINESS Aug 2013 Nov 2013 May 2013 Feb 2014 63% 72% 75% 69% REGIONAL HIRING MAP REGIONAL HIRING MAP Hiring Index Pay Per Check Hiring Index Pay Per Check NATIONWIDE MIDWEST NORTHEAST SOUTH WEST -0.6% -1.4% -2.8% 2.2% -2.0% -1.2% 1.0% -2.7% -0.5% -1.1% NATIONWIDE MIDWEST NORTHEAST SOUTH WEST -0.1% -0.2% -0.4% 0.1% 0.0% -0.1% 0.2% -0.3% -0.3% 0.1% MONTH- OVER-MONTH CHANGES IN SMALL BUSINESS HIRING & PAYCHECKS YEAR- OVER-YEAR CHANGES IN SMALL BUSINESS HIRING & PAYCHECKS FEBRUARY 2014 NATIONAL HIRING AND SALARY INDICES METRO-BASED HIRING AND SALARY INDICES REGIONAL HIRING AND SALARY INDICES Main Street Matters SUREPAYROLL SMALL BUSINESS SCORECARD ® NATIONAL AND REGIONAL DATA NATIONWIDE % OF 1099s METRO AREA
-
Upload
surepayroll -
Category
Economy & Finance
-
view
160 -
download
0
description
How did small businesses weather a cold February? One in three said the weather caused a slowdown, while optimism remained strong. See more results with SurePayroll's February 2014 Scorecard.
Transcript of February 2014 scorecard
As the first economic indicator created by a payroll company, the SurePayroll Scorecard has provided a monthly look at national hiring and paycheck trends since October 2004. SurePayroll's Scorecard compiles data from small businesses nationwide, and exclusively reflects the trends affecting the nation's "micro businesses" — those with 1-10 employees. The average business reflected has 6 employees. The SurePayroll Small Business Scorecard - Main Street Matters infographic also includes data for SurePayroll's top 35 MSAs.
Contact Lori Bolas 847-676-8420 ext. 7248 [email protected]
Copyright © 2014 SurePayroll. A Paychex Company. All rights reserved.
Main Street MattersSMALL BUSINESS SCORECARD®
FEB-
13
MAR
-13
APR-
13
MAY
-13
JUN-
13
JUL-
13
AUG-
13
SEPT
-13
OCT-
13
NOV-
13
DEC-
13
JAN-
14
FEB-
14
6.8%
6.7%
6.6%
6.5%
6.4%
6.3%
6.2%
6.1%
6.0%
5.9%
5.8%
5.7%
5.6%
5.5%
6.46%
6.74%
6.73%
Use of 1099s is generated from actual payroll data – paychecks issued to contractors and employees – from small businesses nationwide.
MONTH-OVER-MONTH
CHANGESIN SMALL BUSINESS HIRING & PAYCHECKS
YEAR-OVER-YEAR
CHANGESIN SMALL BUSINESS HIRING & PAYCHECKS
ATLANTA
BOSTON
CHICAGO
CLEVELAND
COLUMBUS
DALLAS
DENVER
DETROIT
HOUSTON
LAS VEGAS
LOS ANGELES
MIAMI
MINNEAPOLIS
NASHVILLE
NEW YORK
NORFOLK
ORLANDO
PHILADELPHIA
PHOENIX
RALEIGH-DURHAM
RICHMOND
SAN DIEGO
SAN FRANCISCO
SEATTLE
TAMPA
WASHINGTON DC
0.5%
-0.5%
-0.3%
-0.4%
0.2%
-0.1%
0.3%
0.3%
-0.1%
0.1%
0.3%
0.3%
-0.1%
0.0%
-0.1%
-0.3%
-0.4%
0.1%
-0.1%
0.4%
-0.2%
0.1%
-0.3%
-0.3%
0.1%
-0.3%
-0.2%
0.9%
0.5%
-0.8%
0.1%
0.2%
-0.9%
0.1%
0.1%
-0.4%
-0.2%
-0.4%
0.0%
-0.2%
-0.4%
-0.2%
0.3%
-0.4%
-0.2%
-0.5%
0.1%
-0.7%
0.8%
0.1%
-0.4%
-0.5%
HiringIndex
PayPer Check
ATLANTA
BOSTON
CHICAGO
CLEVELAND
COLUMBUS
DALLAS
DENVER
DETROIT
HOUSTON
LAS VEGAS
LOS ANGELES
MIAMI
MINNEAPOLIS
NASHVILLE
NEW YORK
NORFOLK
ORLANDO
PHILADELPHIA
PHOENIX
RALEIGH-DURHAM
RICHMOND
SAN DIEGO
SAN FRANCISCO
SEATTLE
TAMPA
WASHINGTON DC
4.4%
-9.9%
-2.1%
0.8%
-2.6%
1.7%
-2.7%
-0.2%
-1.4%
-5.0%
-2.2%
9.5%
-2.8%
-0.4%
-3.6%
2.3%
-3.4%
-5.7%
1.4%
9.4%
-0.8%
-1.5%
-1.9%
-7.9%
0.7%
-0.7%
-1.5%
-4.8%
1.0%
-2.9%
1.4%
10.3%
-9.0%
10.3%
1.5%
-2.2%
-2.2%
-5.5%
-1.8%
2.9%
-0.7%
-5.6%
-0.8%
2.9%
-1.6%
-5.0%
-9.8%
-5.6%
1.7%
-2.9%
1.9%
-3.9%
HiringIndex
PayPer Check
While the weather certainly had an impact on business in February, more than 60 percent of small business owners also said the cost of salary and wages is a barrier to hiring right now. One in three are not finding qualified candidates. If cost was not an issue, small business owners said sales, marketing and administrative assistant personnel would be at the top of their hiring list. Despite the severe weather, only 37 percent have a disaster plan in place for their businesses.
More on the Small Business Landscape 34%
of small business owners surveyed experienced a slowdown during the first two months of the year due to severe weather.
Optimism OutlookTHE SMALL BUSINESS
Aug 2013 Nov 2013May 2013 Feb 2014
63%72%75% 69%
REGIONAL HIRING MAP REGIONAL HIRING MAP
HiringIndex
PayPer Check
HiringIndex
PayPer Check
NATIONWIDE
MIDWEST
NORTHEAST
SOUTH
WEST
-0.6%
-1.4%
-2.8%
2.2%
-2.0%
-1.2%
1.0%
-2.7%
-0.5%
-1.1%
NATIONWIDE
MIDWEST
NORTHEAST
SOUTH
WEST
-0.1%
-0.2%
-0.4%
0.1%
0.0%
-0.1%
0.2%
-0.3%
-0.3%
0.1%
MONTH-OVER-MONTH
CHANGESIN SMALL BUSINESS HIRING & PAYCHECKS
YEAR-OVER-YEAR
CHANGESIN SMALL BUSINESS HIRING & PAYCHECKS
FEBRUARY 2014
NATIONAL HIRING AND SALARY INDICES
METRO-BASED HIRING AND SALARY INDICES
REGIONAL HIRING AND SALARY INDICES
Main Street Matters
SUREPAYROLL SMALL BUSINESS SCORECARD®
NATIONAL AND REGIONAL DATA
NATIONWIDE % OF 1099s
METRO AREA
