SHORT HILLS, N.J.--(BUSINESS WIRE)--
D&B (DNB), the world’s leading source of commercial information and insight on businesses, today announced an estimated 297,000 new non-farm jobs were added to U.S. payrolls in May, according to D&B’s May U.S. Economic Health Tracker. This report provides a monthly, multi-dimensional perspective on the U.S. economy, including small business health, total job growth, and overall U.S. business health.
U.S. businesses added jobs at a stronger pace in May 2014 compared to April, with the business services and trade/transportation/utilities segments showing marked employment growth. At the same time, D&B’s Small Business Health Index continued to stabilize, owing to on-time bill and credit-card payments. Additionally, overall U.S. business health improved once again in May, according to the U.S. Business Health Index, signaling a lower risk of overall business failure.
“The big question for us is, ‘Has spring sprung?’ We believe the expansion is accelerating but at a pace slower than we originally expected,” said Paul Ballew, Chief Data & Analytics Officer, D&B. “While many of the structural impediments for U.S. business have been removed, like credit availability, lackluster global economic growth and uncertainty still constitute significant challenges. We believe second-quarter growth will be above 3 percent, but we are downgrading our outlook for the year.”
Ballew will host a briefing webinar and conference call to discuss D&B’s monthly economic perspective at 11:30 AM EDT on June 3, 2014.
May 2014 Highlights
View the D&B U.S. Economic Health Tracker Infographic at www.dnb.com/tracker.
|U.S. Small Business Health Index||Small business performance stabilizing, owing to robust credit card and bill payments.|
U.S. Jobs Health
|An estimated 297,000 new non-farm jobs were added to U.S. payrolls in May 2014, with strong gains in business services and trade/transportation/utilities.|
|U.S. Business Health||Overall U.S. business health strengthened by 7.3 percent year-over-year in May 2014, the highest recorded level since the index began in December 2010.|
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:
- D&B Small Business Health Index, the foremost leading indicator on the overall health of this critically important sector. The index is based on a number of proprietary indicators including credit usage and overall business performance.
- D&B U.S. Jobs Health Indicator, utilizing D&B’s comprehensive proprietary measures, we are providing a forecast of new, non-farm payroll jobs added across key verticals such as manufacturing, retail, real estate, construction, business services, transportation, and utilities.
- D&B U.S. Business Health Index, a comprehensive measure on the overall health of businesses in the US. The index leverages three D&B advanced analytic products (D&B’s Viability Score™, D&B Delinquency Predictor™, and D&B Total Loss Predictor™) and provides a holistic view of the current and future health of all active businesses.
D&B publishes its monthly U.S. Economic Health Tracker on the first Tuesday morning of most months, issuing a public advisory one week in advance to confirm pending announcement date. Reporting periods will reflect the most current and complete month. For example, information contained in the June 3, 2014 report is based on data available as of May 30, 2014.
About Dun & Bradstreet® (D&B)
The Dun & Bradstreet Corporation is the world's leading source of commercial data, analytics and insight on businesses, or “content.” Our global commercial database contains more than 235 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.
D&B provides solution sets that meet a diverse set of customer needs globally. Customers use D&B Risk Management Solutions™ to mitigate credit and supplier risk, increase cash flow and drive increased profitability, and D&B Sales & Marketing Solutions™ to provide data management capabilities that provide effective and cost efficient marketing solutions to increase revenue from new and existing customers. For more information, please visit www.dnb.com or follow @DnBUS.
- Health Care Industry