Jobs and Economy Take Center Stage
- Economy added an estimated 218,000 new non-farm jobs led by growth from Business Services
- Small business recovery continued its hesitant growth pattern
- The overall Business Health Index remains near record levels
November 04, 2014- SHORT HILLS, N.J.–(BUSINESS WIRE)–Dun & Bradstreet (NYSE:DNB), the world’s leading source of commercial information and insight on businesses, today released the November 2014 U.S. Economic Health Tracker which provides a monthly, multi-dimensional perspective on the U.S. economy, including small business health, total job growth, and overall U.S. business health. According to D&B’s proprietary data, U.S. business health remained largely unchanged. While adding some new jobs to sectors like Business Services, the pace of growth for small businesses remains hesitant and uneven.
“With voters in many states heading to the polls today, these economic indicators – like employment, small business and sales – will no doubt play a big role in this midterm election,” said Paul Ballew, Chief Data & Analytics Officer, Dun & Bradstreet. “Of particular concern is the uncertain road ahead for small businesses.”
Access to traditional lending channels has increased slightly, and small business reliance on credit cards slowed. Small businesses are increasingly paying their creditors on time, with fewer defaults and lower risk of failure over the next 12 months.
The economy added an estimated 218,000 new non-farm jobs in October. Business services continued to outperform other segments, adding 74,000 jobs during the month, though real estate experienced some attrition in the same period.
For in-depth analysis on key states’ economic issues and how they may impact today’s elections, a full D&B report is available here.
October 2014 Highlights
- Small Business Health Index (see chart): Latest reporting period shows a half-point decline. Small businesses continued paying their bills on time, though at a slower pace.
- U.S. Jobs Health (see chart): An estimated 218,000 new non-farm jobs were added to U.S. payrolls in October 2014, with notable gains in business services, manufacturing, construction, trade transportation and utilities.
- U.S. Business Health (see chart): U.S. business health remained virtually unchanged in October 2014. Overall, U.S. businesses maintain on-time bill payments and exhibit lower risk of failure over the next 12 months.
- Media Resources
– Watch Ballew share his perspective on the state of the U.S. economy in a short video.
– To download the November U.S. Economic Health Tracker Infographic, visit www.dnb.com/tracker.
– Access the 2014 planned publishing schedule, FAQs, and archived reports at www.dnb.com/tracker.
About D&B’s U.S. Economic Health Tracker
This forward-looking perspective on the U.S. economy offers insights and monthly data using three macro indicators: (i) the D&B Small Business Health Index, (ii) the D&B U.S. Jobs Health Indicator; and (iii) the D&B U.S. Business Health Index. The index also leverages three D&B advanced analytic products (D&B’s Viability Score™, D&B Delinquency Predictor™, and D&B Total Loss Predictor™). D&B publishes its monthly U.S. Economic Health Tracker on the first Tuesday morning of most months and reporting periods reflect the most recent and complete month.
About Dun & Bradstreet® (D&B)
The Dun & Bradstreet Corporation is the world’s leading source of commercial data, analytics and insight on businesses. Our global commercial database contains more than 240 million business records. We transform commercial data into valuable insight which is the foundation of our global solutions that customers rely on to make critical business decisions.
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For more information, please visit www.dnb.com or follow @DnBUS.