SurePayroll Inc., a leader in providing online payroll to small businesses nationwide, today announced results for the June 2013 SurePayroll Small Business Scorecard® showing optimism remaining high at 73 percent, up from a year-over-year low of 45 percent in September 2012. Month-over-month hiring was down 0.1 percent in June and the average paycheck was down 0.1 percent.
“Right now we’re seeing two stories in the small business economy: one for today, another for tomorrow,” said SurePayroll CEO and President Michael Alter. “Today things continue to be flat to slightly down, without much movement on the hiring front. However, there has been a steady trend of high optimism among small-business owners for tomorrow. Many believe we will see stronger results in the third quarter than we did in the second.”
The Scorecard survey asked small-business owners to assess the second quarter: 55 percent said it met expectations, 21 percent said it exceeded expectations and 24 percent said it was below expectations. More than half, however, said they expect to surpass expectations in the third quarter of the year, perhaps a reflection of a more optimistic outlook on the economy. More than half also plan to make new investments in the third quarter, most likely in marketing, technology and new staff.
“We’re in an environment where we have uncertainty surrounded by promise,” Alter said. “The attitude of small business-owners is very positive right now, which suggests we should see growth in the future. However, lingering uncertainty about health care reform and the overall health of the economy are creating doubt about hiring.”Month-over-month SurePayroll Scorecard data showed hiring was down 0.1 percent and the average paycheck was down 0.1 percent. Hiring was down month over month in every region of the country except for the South, where it was up 0.1 percent. Paychecks were flat month over month in the Midwest and South, and down in the rest of the country.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts