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SurePayroll March 2014 Small Business Scorecard

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Small businesses are expecting positive first quarter results, according to our SurePayroll Small Business Scorecard. Nine in 10 expect first quarter results to be the same or better than last year, an encouraging sign for the year to come. It’s also an indication that they are looking past headwinds from health care, international turmoil, the proposed minimum wage changes and debate on overtime laws.

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SurePayroll March 2014 Small Business Scorecard

  1. 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 loriann.bolas@surepayroll.com Copyright © 2014 SurePayroll. A Paychex Company. All rights reserved. Main Street Matters SMALL BUSINESS SCORECARD® MAR-13 APR-13 MAY-13 JUN-13 JUL-13 AUG-13 SEPT-13 OCT-13 NOV-13 DEC-13 JAN-14 FEB-14 MAR-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% 6.49% 6.74% 6.75% 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% -0.3% -0.3% -0.4% 0.5% -0.4% 0.9% 0.5% -0.6% 0.5% 0.2% 0.4% -0.6% 0.5% -0.1% -0.3% -0.4% 0.2% 0.2% 0.7% -0.1% 0.0% -0.2% 0.0% 0.6% -0.2% -0.5% -1.3% -0.4% -1.0% -0.4% -0.4% -0.7% 0.8% 0.1% -0.7% -0.3% -0.8% -0.5% -0.9% -0.4% 0.0% 0.4% -0.6% -0.4% -0.6% 0.2% -0.7% -0.7% -0.1% -0.6% -0.2% 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 4.5% -8.8% -2.0% 0.4% -2.0% 0.9% -1.3% 1.0% -2.2% -4.9% -1.7% 9.5% -3.2% 0.6% -3.6% 2.2% -3.9% -5.5% 1.2% 9.6% -0.8% -1.2% -1.8% -7.2% 1.1% -0.7% -1.8% -4.1% 0.5% -3.1% 0.5% 9.1% -8.9% 10.2% 1.7% -3.1% -2.0% -6.0% -2.2% 1.6% -0.8% -5.7% -0.2% 2.2% -1.7% -5.0% -8.8% -6.1% 0.6% -2.8% 1.1% -4.0% Hiring Index Pay Per Check Despite concerns over health care and growth, small business owners are seeing positives ahead. Three times as many think business will be better this year than last after the first quarter. A third see a more stable economy as reason to raise their expectations for 2014.While the absolute hiring numbers are not on the rise yet, small business owners often react based on their instincts and confidence in the future. More on the Small Business Landscape 87% of small business owners surveyed expect the first quarter results to be the same or better than last year’s. Optimism Outlook THE SMALL BUSINESS Sept 2013 Dec 2013June 2013 Mar 2014 70% 59% 73% 69% REGIONAL HIRING MAP REGIONAL HIRING MAP Hiring Index Pay Per Check Hiring Index Pay Per Check NATIONWIDE MIDWEST NORTHEAST SOUTH WEST -0.6% -1.5% -2.9% 2.2% -1.6% -1.1% 0.5% -2.8% -0.4% -1.4% NATIONWIDE MIDWEST NORTHEAST SOUTH WEST -0.1% -0.2% -0.4% 0.2% 0.1% -0.3% -0.3% -0.4% -0.1% -0.5% MONTH- OVER-MONTH CHANGES IN SMALL BUSINESS HIRING & PAYCHECKS YEAR- OVER-YEAR CHANGES IN SMALL BUSINESS HIRING & PAYCHECKS MARCH 2014 NATIONAL HIRING AND SALARY INDICES METRO-BASED HIRINGAND 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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