surepayroll june 2014 small business scorecard

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SurePayroll's June 2014 Small Business optimism survey shows that small businesses are reporting profitability along with increased revenues as well. Of those expecting to beat 2013 revenues, half expect to do so by 10% or more. However, concerns about the strength of the national and local economies remain.

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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 loriann.bolas@surepayroll.com

Copyright © 2014 SurePayroll. A Paychex Company. All rights reserved.

Main Street MattersSMALL BUSINESS SCORECARD®

JUN-

13

JUL-

13

AUG-

13

SEPT

-13

OCT-

13

NOV-

13

DEC-

13

JAN-

14

FEB-

14

MAR

-14

APR-

14

MAY

-14

JUNE

-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%

6.57%

6.62%6.79%

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

0.3%

-0.4%

-0.2%

-0.5%

0.2%

0.2%

1.0%

0.2%

-0.5%

0.4%

0.2%

0.1%

0.0%

0.1%

0.2%

-0.3%

0.5%

0.9%

-0.1%

0.3%

0.1%

0.2%

-0.4%

-0.1%

0.4%

-0.5%

-0.1%

-0.4%

-0.1%

-0.5%

0.0%

0.0%

-1.1%

-0.4%

0.3%

-0.7%

-0.3%

-0.2%

-0.4%

-0.9%

-0.3%

0.3%

-0.1%

0.0%

-0.9%

-0.1%

0.1%

-0.2%

-0.3%

0.1%

-0.5%

-0.1%

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

3.6%

-7.3%

-1.7%

-2.2%

-1.0%

0.1%

2.9%

2.8%

-3.9%

-3.6%

-0.3%

7.6%

-2.5%

0.9%

-2.1%

1.0%

-2.3%

-1.3%

0.4%

8.3%

-0.8%

-0.4%

-2.8%

-5.7%

1.9%

-2.0%

-0.4%

-1.1%

0.3%

-4.0%

0.5%

6.4%

-7.3%

4.1%

3.0%

-5.3%

-1.6%

-5.6%

-3.0%

-3.1%

-1.1%

-5.0%

1.9%

3.3%

-2.9%

-4.4%

-5.9%

-5.5%

-0.1%

-4.5%

-1.6%

-3.5%

HiringIndex

PayPer Check

Along with profitability, small business owners say they’re seeing revenues increase as well. Two in five expect 2014 revenues to outpace those from last year. Of those expecting to beat 2013 revenues, half expect to do so by 10 percent or more. There are still major challenges, however, including slow economic growth nationwide and struggling local economies. About 50 percent of small business owners cited these as their top concerns. Only 11 percent said health care reform was a major concern. Not having enough cash for hiring or expansion (17 percent), and not being able to find qualified candidates (13 percent) for jobs, were also listed.

More on the Small Business Landscape

77%of small business owners surveyed expect to be profitable in the second half of 2014. This is up from the 62 percent who said they were profitable in the first half.

Optimism OutlookTHE SMALL BUSINESS

Dec 2013 Mar 2014Sept 2013 June 2014

69%70%59% 66%

REGIONAL HIRING MAP REGIONAL HIRING MAP

HiringIndex

PayPer Check

HiringIndex

PayPer Check

NATIONWIDE

MIDWEST

NORTHEAST

SOUTH

WEST

-0.6%

-1.5%

-3.1%

1.9%

-0.9%

-1.2%

-0.3%

-2.6%

-0.1%

-1.8%

NATIONWIDE

MIDWEST

NORTHEAST

SOUTH

WEST

0.0%

-0.1%

-0.2%

0.2%

0.0%

-0.2%

-0.3%

-0.2%

0.0%

-0.4%

MONTH-OVER-MONTH

CHANGESIN SMALL BUSINESS HIRING & PAYCHECKS

YEAR-OVER-YEAR

CHANGESIN SMALL BUSINESS HIRING & PAYCHECKS

JUNE 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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