SurePayroll Small Business Scorecard(R) Shows 15-Point Drop In Optimism

GLENVIEW, Ill., Sept. 28, 2012 (GLOBE NEWSWIRE) -- SurePayroll Inc., a leader in providing online payroll to small businesses nationwide, today announced September results for its monthly SurePayroll Small Business Scorecard® showing small business owners' optimism at 45 percent, a sharp drop from 60 percent in August. Month over month hiring in September was down 0.2 percent and the average paycheck was flat. Results from the Scorecard optimism found that four out of five small business owners' optimism is being impacted by the upcoming election. 

"It's deeply concerning that optimism plunged 15 points at a time when we're struggling to maintain the recovery," said SurePayroll CEO and President Michael Alter. "This suggests a lack of growth through the election, but what's more troubling is what it could mean beyond that. When small business owners are not optimistic, they're not investing and they're not hiring."

The Scorecard survey also asked small business owners about their views on the upcoming presidential election. (The results are no in way representative of SurePayroll's views and opinions. The margin of error for the survey is +/- 5 percentage points, based on results from 411 respondents). Some of the results include:
  • 77 percent say the election is having an impact on their optimism.
  • 61 percent plan to vote for Mitt Romney; 33 percent for Barack Obama.
  • 66 percent say Romney is better for small businesses; 34 percent say Obama is better for small business.
  • 67 percent say Romney better represents their views on economic/fiscal policy; 33 percent say Obama best represents those views.
  • 65 percent say Romney will drive more jobs; 35 percent say Obama will drive more jobs.
  • Economic and tax policy were the two biggest drivers of small business owners' votes; followed by health care, the national debt and foreign policy. 

Month-over-month SurePayroll Scorecard data shows hiring down 0.2 percent and the average paycheck as flat. Hiring was down month-over-month in every region of the country except for the South, where it was flat. Paychecks were up month-over-month in the Midwest (0.5 percent) and South (0.1 percent) and down across the rest of the country.

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