Research >> Economics
Paychex-IHS Small Business Jobs Index declined to 100.52 in September
|
The Paychex | IHS Small Business Jobs Index declined from 100.70 in August to 100.52 in September, a decrease of 0.18 percent. While now at its lowest level in 2016, the national index remains 0.08 percent higher than a year ago. After a one-month hiatus, the South Atlantic returned to its position as the top-ranked region. Showing continued strength, Washington’s index reached 104.91, an all-time high for the state index. Seattle remained the leading metro area, with its index increasing 0.44 percent from the previous month. Six out of eight industry sectors declined in September, with only Education and Health Services and Financial Activities experiencing modest increases.
“The Paychex | IHS Small Business Jobs Index declined in September to its lowest point in 2016. Nevertheless, at 100.52, the national index continues to show solid small business employment gains,” said James Diffley, chief regional economist at IHS Markit.
“While we continue to see mixed results from month-to-month, the year-over-year trends remains positive. Also, with one quarter remaining in 2016, the national index is up 0.15 percent year-to-date,” said Martin Mucci, president and CEO of Paychex.
Posted: October 4, 2016 Tuesday 08:30 AM