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Small-Business Hiring and Salaries Decrease, But Optimism Increases
SurePayroll's Small Business Scorecard saw negative rates for hiring and payroll nationwide in May -- but a big jump in small-business optimism.
Posted 7/ 1 11 at 1:00 PM | News, Management, Human Resources
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SurePayroll has released its Small Business Scorecard for the month of May, tracking the hiring and pay statistics of 32,000 small businesses nationwide.The data is collected from actual employee payrolls of businesses with an average of eight employees. The statistics show that although both hiring and salaries are down nationwide, small-business optimism increased significantly since April, rising from 52 percent to 75 percent in May.
The survey reports an average nationwide loss of 2.3 percent in hiring and a loss in salary per paycheck, averaging a 0.3 percent decrease.
The Northeast was the only region to report a gain, with the average salary per paycheck up by 0.5 percent. The West reported the greatest loss in hiring, with a negative average of 4.6 percent. The Midwest saw the greatest loss in salary per paycheck, reporting a 0.9 percent loss.
The survey also sampled a random group of 12 states to report changes in small-business size and average paychecks for the year to date. The states -- Arizona, Indiana, Oregon, California, Minnesota, Pennsylvania, Colorado, Nevada, Texas, Illinois, New Jersey and Washington -- reported some of the most negative hiring rates across the country, with New Jersey losing the most employees: 6.4 percent. Oregon reported the greatest gain in employees, listing a 2.8 percent gain.
Five states -- California, Illinois, Indiana, Nevada and Oregon -- reported the only losses in salary per paycheck, while the remaining seven states all reported gains in salary.
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Comments (Page 1 of 1)
There will be no recovery in small or large business in the US until produsts SOLD in the US are subject to the same constraints as products MADE in the US.
China is on pace for a record year of imports into the US. Their trade surplus should be over 300 Billion in 2011. At $14.00 for a 12 hour day, the US cannot compete, even paying the Fed. Min. Wage let alone all the payroll co-pays, workers comp. environmental costs etc.