{"id":7922,"date":"2010-08-11t08:28:44","date_gmt":"2010-08-11t12:28:44","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=7922"},"modified":"2024-11-19t21:35:32","modified_gmt":"2024-11-20t02:35:32","slug":"sageworks-adp-report-continuing-small-business-slowdown","status":"publish","type":"post","link":"\/\/www.g005e.com\/2010\/08\/11\/sageworks-adp-report-continuing-small-business-slowdown\/","title":{"rendered":"sageworks, adp report continuing small business slowdown"},"content":{"rendered":"<p style=\"text-align: left;\"><strong>sales, profits, payrolls under pressure.<\/strong><\/p>\n<p style=\"text-align: left;\">dreary new economic trend reports from sageworks and adp are mirroring last week&#8217;s dismal findings from <a href=\"\/\/www.g005e.com\/2010\/08\/02\/intuit-sees-hiring-slowdown\/\" target=\"_blank\" rel=\"noopener\">intuit, surepayroll<\/a> and <a href=\"\/\/www.g005e.com\/2010\/08\/11\/when-will-accounting-firms-be-ready-to-start-hiring-again\/\" target=\"_blank\" rel=\"noopener\">the u.s. bureau of labor statistics<\/a>.<\/p>\n<p style=\"text-align: left;\">adp&#8217;s monthly payroll survey shows american business added a paltry 42,000 jobs in july, continuing a six-month stall in hiring. at the same time, sageworks, the financial analytics software maker, shows small business cost-costing was the only thing supporting margins.<br \/>\n<img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-7990 aligncenter\" title=\"adp small business july 2010\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2010\/08\/adp-small-business-july-2010-e1281550280514.jpg\" alt=\"\" width=\"450\" height=\"293\" srcset=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2010\/08\/adp-small-business-july-2010-e1281550280514.jpg 450w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2010\/08\/adp-small-business-july-2010-e1281550280514-300x195.jpg 300w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2010\/08\/adp-small-business-july-2010-e1281550280514-190x123.jpg 190w\" sizes=\"auto, (max-width: 450px) 100vw, 450px\" \/><\/p>\n<p><!--more-->the adp national employment report, said adp ceo gary butler, &#8220;shows continued weakness in the jobs market,\u00a0 in part caused by the uncertainty in the economy and general business climate.&#8221;<\/p>\n<p>&#8220;american businesses are on the cusp of recovery, but more effective incentives are needed to encourage business investment resulting in the creation of more jobs,&#8221; butler says.<\/p>\n<p>july&#8217;s rise in private employment was the sixth consecutive monthly gain reported by adp. however, over those six months increases have averaged a modest 37,000, with no evidence of acceleration.<\/p>\n<p>meanwhile, sageworks reports continuing sales declines at small businesses.<\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2010\/08\/screen-shot-2010-08-05-at-9.30.57-am1.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-7926\" title=\"screen shot 2010-08-05 at 9.30.57 am\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2010\/08\/screen-shot-2010-08-05-at-9.30.57-am1.png\" alt=\"\" width=\"416\" height=\"109\" srcset=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2010\/08\/screen-shot-2010-08-05-at-9.30.57-am1.png 1157w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2010\/08\/screen-shot-2010-08-05-at-9.30.57-am1-300x78.png 300w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2010\/08\/screen-shot-2010-08-05-at-9.30.57-am1.png 600w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2010\/08\/screen-shot-2010-08-05-at-9.30.57-am1-1024x269.png 1024w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2010\/08\/screen-shot-2010-08-05-at-9.30.57-am1-190x49.png 190w\" sizes=\"auto, (max-width: 416px) 100vw, 416px\" \/><\/a><\/p>\n<p>only payroll cuts are helping managers maintain and boost margins.<\/p>\n<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-7987 aligncenter\" title=\"sageworks sales v margins 2010\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2010\/08\/sageworks-sales-v-margins-2010-e1281549846908.jpg\" alt=\"\" width=\"450\" height=\"262\" srcset=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2010\/08\/sageworks-sales-v-margins-2010-e1281549846908.jpg 450w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2010\/08\/sageworks-sales-v-margins-2010-e1281549846908-300x174.jpg 300w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2010\/08\/sageworks-sales-v-margins-2010-e1281549846908-190x110.jpg 190w\" sizes=\"auto, (max-width: 450px) 100vw, 450px\" \/><\/p>\n<p style=\"text-align: left;\">it&#8217;s hard to expect increases in hiring anytime in the near future, at least not until sales are consistent and sustainable.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>sales, profits, payrolls under pressure. dreary new economic trend reports from sageworks and adp are mirroring last week&#8217;s dismal findings from intuit, surepayroll and the u.s. bureau of labor statistics. adp&#8217;s monthly payroll survey shows american business added a paltry &hellip; <a href=\"\/\/www.g005e.com\/2010\/08\/11\/sageworks-adp-report-continuing-small-business-slowdown\/\">continued<\/a><\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[5],"tags":[3958,2429,252,3962,3961,643,715,572,3959,272,226,1416],"class_list":["post-7922","post","type-post","status-publish","format-standard","hentry","category-outlook","tag-cpa-billing-rates","tag-earnings","tag-recession","tag-fte","tag-headcount","tag-hiring","tag-jobs","tag-pay","tag-salaries","tag-staff","tag-staffing","tag-wages"],"acf":[],"yoast_head":"<!-- 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