SurePayroll April 2014 scorecard
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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] Main Street Matters SMALL BUSINESS SCORECARD ® APR-13 MAY-13 JUN-13 JUL-13 AUG-13 SEPT-13 OCT-13 NOV-13 DEC-13 JAN-14 FEB-14 MAR-14 APR-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% 6.52% 6.71% 6.77% 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 0.4% -0.4% -0.1% -0.7% 0.0% -0.1% 0.7% 0.2% -0.5% 0.3% 0.2% 0.0% 0.1% -0.1% -0.1% -0.1% -0.1% 0.6% -0.1% 0.4% -0.4% 0.2% -0.2% -0.3% 0.2% -0.4% 0.2% -1.0% -0.2% -0.7% 0.1% 0.1% -0.9% 0.2% -0.3% -0.9% -0.1% -0.3% -0.5% -0.2% -0.1% -0.1% 0.6% 1.5% -0.3% 0.1% 0.0% -0.2% 0.1% 0.1% -0.5% 0.0% 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 4.3% -8.3% -1.8% -0.6% -1.9% 0.5% 0.0% 1.7% -3.0% -5.2% -1.1% 8.6% -2.7% 0.7% -3.5% 2.4% -4.1% -5.2% 0.9% 9.2% -1.3% -0.6% -1.9% -6.9% 1.1% -0.9% -1.4% -3.3% 0.3% -3.8% 0.7% 8.4% -6.1% 9.0% 1.3% -3.8% -1.8% -5.9% -2.7% 0.0% -0.7% -5.7% 1.0% 3.3% -1.7% -4.5% -8.2% -5.8% 0.6% -2.6% 0.1% -3.7% Hiring Index Pay Per Check Although 57 percent of small business owners saw tax increases from last year, 60 percent increased revenues. One in three were able to grow revenues by more than 15 percent, while only one in five saw taxes increase by more than 15 percent. The survey also found that 36 percent will consider using non-bank alternative lenders going forward, up from just 13 percent two years ago. Less than half (45 percent) plan to use banks, down from 60 percent two years ago. Also, one in three said they’ve begun to use Facebook advertising, and 53 percent said they see value in the social media giant’s advertising platform. More on the Small Business Landscape 30 % of small business owners surveyed grew revenues by more than 15 percent last year, outpacing tax increases. Optimism Outlook THE SMALL BUSINESS Oct 2013 Jan 2014 July 2013 Apr 2014 65% 62% 72% 69% REGIONAL HIRING MAP REGIONAL HIRING MAP Hiring Index Pay Per Check Hiring Index Pay Per Check NATIONWIDE MIDWEST NORTHEAST SOUTH WEST -0.7% -1.6% -3.1% 2.0% -1.3% -1.0% 0.3% -2.6% -0.3% -1.2% NATIONWIDE MIDWEST NORTHEAST SOUTH WEST -0.1% -0.3% -0.3% 0.0% 0.1% 0.0% -0.1% -0.1% 0.1% -0.1% MONTH- OVER-MONTH CHANGES IN SMALL BUSINESS HIRING & PAYCHECKS YEAR- OVER-YEAR CHANGES IN SMALL BUSINESS HIRING & PAYCHECKS APRIL 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
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The April 2014 SurePayroll Small Business Scorecard reveals that while 57 percent of small business owners paid more in taxes, 60 percent saw increases in revenue. In fact, one in three small businesses grew revenue by more than 15 percent. Only one in five saw tax increases of more than 15 percent. For more details, see SurePayroll's April 2014 Small Business Scorecard.
Transcript of SurePayroll April 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]
Main Street MattersSMALL BUSINESS SCORECARD®
APR-
13
MAY
-13
JUN-
13
JUL-
13
AUG-
13
SEPT
-13
OCT-
13
NOV-
13
DEC-
13
JAN-
14
FEB-
14
MAR
-14
APR-
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%
6.52%
6.71%
6.77%
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
0.4%
-0.4%
-0.1%
-0.7%
0.0%
-0.1%
0.7%
0.2%
-0.5%
0.3%
0.2%
0.0%
0.1%
-0.1%
-0.1%
-0.1%
-0.1%
0.6%
-0.1%
0.4%
-0.4%
0.2%
-0.2%
-0.3%
0.2%
-0.4%
0.2%
-1.0%
-0.2%
-0.7%
0.1%
0.1%
-0.9%
0.2%
-0.3%
-0.9%
-0.1%
-0.3%
-0.5%
-0.2%
-0.1%
-0.1%
0.6%
1.5%
-0.3%
0.1%
0.0%
-0.2%
0.1%
0.1%
-0.5%
0.0%
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
4.3%
-8.3%
-1.8%
-0.6%
-1.9%
0.5%
0.0%
1.7%
-3.0%
-5.2%
-1.1%
8.6%
-2.7%
0.7%
-3.5%
2.4%
-4.1%
-5.2%
0.9%
9.2%
-1.3%
-0.6%
-1.9%
-6.9%
1.1%
-0.9%
-1.4%
-3.3%
0.3%
-3.8%
0.7%
8.4%
-6.1%
9.0%
1.3%
-3.8%
-1.8%
-5.9%
-2.7%
0.0%
-0.7%
-5.7%
1.0%
3.3%
-1.7%
-4.5%
-8.2%
-5.8%
0.6%
-2.6%
0.1%
-3.7%
HiringIndex
PayPer Check
Although 57 percent of small business owners saw tax increases from last year, 60 percent increased revenues. One in three were able to grow revenues by more than 15 percent, while only one in five saw taxes increase by more than 15 percent. The survey also found that 36 percent will consider using non-bank alternative lenders going forward, up from just 13 percent two years ago. Less than half (45 percent) plan to use banks, down from 60 percent two years ago. Also, one in three said they’ve begun to use Facebook advertising, and 53 percent said they see value in the social media giant’s advertising platform.
More on the Small Business Landscape 30%
of small business owners surveyed grew revenues by more than 15 percent last year, outpacing tax increases.
Optimism OutlookTHE SMALL BUSINESS
Oct 2013 Jan 2014July 2013 Apr 2014
65%62%72% 69%
REGIONAL HIRING MAP REGIONAL HIRING MAP
HiringIndex
PayPer Check
HiringIndex
PayPer Check
NATIONWIDE
MIDWEST
NORTHEAST
SOUTH
WEST
-0.7%
-1.6%
-3.1%
2.0%
-1.3%
-1.0%
0.3%
-2.6%
-0.3%
-1.2%
NATIONWIDE
MIDWEST
NORTHEAST
SOUTH
WEST
-0.1%
-0.3%
-0.3%
0.0%
0.1%
0.0%
-0.1%
-0.1%
0.1%
-0.1%
MONTH-OVER-MONTH
CHANGESIN SMALL BUSINESS HIRING & PAYCHECKS
YEAR-OVER-YEAR
CHANGESIN SMALL BUSINESS HIRING & PAYCHECKS
APRIL 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
