Small-business payroll microdata panel

Name: Small-business payroll microdata panel: actual payroll records from roughly 350,000 small- and mid-sized employer clients, aggregated into the Small Business Employment Watch — a monthly jobs index (base 100 = December 2010) for firms under 50 employees, with hourly earnings growth and employment and wage series broken out by state, metro and industry. The licensable asset is the underlying employer-month payroll panel, not the free published index.
Creator: Wapakdailynews

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Small-business payroll microdata panel: actual payroll records from roughly 350,000 small- and mid-sized employer clients, aggregated into the Small Business Employment Watch — a monthly jobs index (base 100 = December 2010) for firms under 50 employees, with hourly earnings growth and employment and wage series broken out by state, metro and industry. The licensable asset is the underlying employer-month payroll panel, not the free published index.

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Coverage

Universe, instruments and categories.

Industry: Application SoftwareResearch & Consulting Services
Instruments: equitiesfixed_income

Dataset card

Type: not stated
Format: Tabular — employer-by-month payroll observations (hours, headcount, earnings, firm size, industry, establishment geography), with the published index as a derived monthly time series; delivered today as a PDF and web report.
Volume: est. tens of millions of employee payroll records per pay cycle — roughly 350,000 employers averaging a few dozen employees each in the sub-50 segment, implying a panel in the billions of employee-pay-period observations across a multi-year archive
Users: ~350,000 business clients whose payrolls feed the panel (stated), plus a research-report readership in the tens of thousands of subscribers
History: 12 years
Update frequency: not stated
Growth: Active and consolidating — monthly releases still current, and the 2025 merger with a peer payroll processor doubled down on the small-employer payroll base that generates this panel
Launched: 2013 for the Small Business Employment Watch (index based at December 2010 = 100); the underlying payroll business dates to 1971
Delivery: not stated
Entity mapping: not stated
Sample: not stated
Point-in-time: not stated
Licence: not stated

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