Research >> Economics
Paychex-IHS Small Business Jobs Index dipped to 100.63 in June
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The Paychex | IHS Small Business Jobs Index was relatively unchanged in June, declining just 0.03 percent, bringing the national index to 100.63. Year-over-year the index decreased 0.44 percent. After increasing 0.23 percent during the first quarter of 2015, the pace of employment growth slowed 0.16 percent in the second quarter. With a national index level above 100, employment growth conditions remain stronger than during the index’s base year of 2004. The East North Central region maintained its position as the highest-ranked regional index. Washington regained the lead among states once again. Dallas continued its streak of strong employment growth and was the top-ranked metro area for the ninth straight month.
At 100.63, the Paychex | IHS Small Business Jobs Index was almost unchanged in June as it remains below the level set throughout much of 2014. Among industries, employment conditions strengthened most in leisure and hospitality, while construction declined sharply.
Even though the pace of employment growth slowed slightly from the first quarter to the second, the past 12 months have shown the index consistently over 100, indicating a slow but steady continuation of job gains.
Posted: June 30, 2015 Tuesday 08:30 AM