SHORT HILLS, N.J.--(BUSINESS WIRE)--D&B (NYSE:DNB), the world’s leading source of commercial information and insight on businesses, today announced an estimated 146,000 non-farm jobs were added to U.S. payrolls in February, according to its 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 modest pace in February 2014, driven by significant employment gains in the construction, manufacturing, and business services segments. Despite a slight overall decline in D&B’s Small Business Health Index, the primary influence appears to the abnormal weather impacting large portions of the US. In addition, a rise in overall U.S. business health in February indicated a lower risk of business failure.
“Winter storms had an impact on small businesses and job growth in February, however, we remain optimistic on the U.S. economic recovery in 2014,” said Paul Ballew, Chief Data & Analytics Officer, D&B. “As corporate balance sheets and overall financial heath strengthens, we anticipate a more compelling growth trajectory among businesses in the months ahead.”
Ballew will host a briefing webinar and conference call to discuss D&B’s monthly economic perspective at 8:30 AM EST on March 4, 2014.
February 2014 Highlights
View the D&B U.S. Economic Health Tracker Infographic at www.dnb.com/tracker.
|Small Business Health Index||D&B’s Small Business Health Index has contracted modestly, although small businesses saw improvement in on-time credit card and bill payments.|
|U.S. Jobs Health||D&B estimates 146,000 new non-farm payroll jobs were added to U.S. payrolls in February 2014, with strong gains in construction, manufacturing, and business services. Employment growth is anticipated to continue at a slower pace.|
|U.S. Business Health||U.S. business health improved 5.6 percent year-over-year in February 2014, the highest recorded level since the index began in December 2010. Businesses continued to improve their balance sheets and overall financial performance.|
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:
• 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.
• U.S. Jobs Health, 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.
• U.S. Business Health Index, the most 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 will publish 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 March 4, 2014 report is based on data available as of Feb. 28, 2014.
Other information, including the 2014 planned publishing schedule, FAQs, and archived reports can be accessed at www.dnb.com/tracker. Follow D&B Economic Insight daily on Twitter at @DnBEconomy.
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 as of December 31, 2013 contained more than 230 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.