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 August 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. The report revealed that the U.S. added an estimated 235,000 new non-farm jobs in July, with Business Services emerging as the sector with the healthiest small businesses.
“Structural unevenness that was caused by the recession remains the most important hurdle in the path of growth,” said Paul Ballew, Chief Data & Analytics Officer, Dun & Bradstreet. “We are seeing some sectors of the U.S. economy surge in a way that is leading to gains on the employment front. This over performance in a handful of industries explains one of the riddles around why payroll employment has performed much better than expectations given the tepid pace of economic growth. The persistent unevenness of growth continues to necessitate precision and foresight in business planning activities.”
Ballew will host an interactive media briefing to provide further insights on Dun & Bradstreet's monthly economic perspective in more detail at 11:30 AM EDT today. You may register for the briefing here. Unable to join the media briefing at this time? Watch Ballew share his perspective on the state of the U.S. economy.
July 2014 Highlights
Small Business Health Index
D&B’s Small Business Health Index fell about one point this month. All industry sectors contributed to the drop, however, there remains tremendous unevenness in growth among sectors in the small business community [largely defined by sectors].
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U.S. Jobs Health
D&B estimates that 235,000 new non-farm jobs were added to U.S. payrolls in July 2014. The Business Services sector remains the strongest contributor to employment growth with Trade, Transportation and Utilities adding a considerable number of jobs.
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U.S. Business Health Index
U.S. business health advanced 4.6 percent year-over-year in July 2014, driven by lower risk of future business failure and total loss, as well as continued improvement in on-time bill payments.
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View the D&B U.S. Economic Health Tracker Infographic 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.
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. 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.
