ADP or SurePayroll: Who Do You Believe?

ADP came out with its monthly jobs report report this morning -- a 697,000 loss for the economy last month, including 262,000 cutbacks in small business.

The data, according to ADP's economist, "clearly indicates that the recession is spreading aggressively beyond manufacturing and housing-related activities."

Meanwhile yesterday, SurePayroll, with an admittedly much smaller and skewed sampling, says it's showing "strength in small business hiring."

"In a world where every economic indicator is bringing us bad news, our SurePayroll Hiring Index shows strength in small business hiring," says CEO Michael Alter. "Our February data indicates small business hiring increased by 0.3 percent over January."

And RHI's Accountemps is reporting a net 2 percent of CFOs predict decreases in accounting and finance personnel in the second quarter of 2009, with 86 percent reporting a desire to maintain current staff levels for the next three months. Five percent of respondents indicated they plan to add full-time employees while 7 percent expect staff reductions.

Tomorrow we get the U.S. Bureau of Labor Statistics data for last month. For sure: It'll be a while before we hear some good news regularly.

More at SurePayoll, Accountemps and ADP

2 Responses to “ADP or SurePayroll: Who Do You Believe?”

  1. Ellen

    Interesting. Is the glass half SurePayroll or is it half ADP? I know we are hiring at my small business!

  2. Troy

    I love to see that small businesses are hiring (clearly the direction that SurePayroll’s base is skewed) as that is the driver that will pull us out of these troubled times…

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