Paychex | IHS Small Business Jobs Index Indicates Ongoing Employment Growth Despite May Decline

Dateline City:
Rochester, N.Y.
Multimedia
Contacts
All Industries
IHS Media Relations, +1 303 305 8021
press@ihs.com
or
Economics & Country Risk; Automotive; Healthcare & Pharma; Natural Resources
Katherine Smith, +1 781 301 9311
katherine.smith@ihs.com
  • Small business job growth declined 0.18 percent from April
  • East South Central jumps to top spot among regions
  • Washington remains top-ranked state, with its fifth consecutive increase in 2016
  • Seattle continues to hold the top spot among metro areas, hitting a record level
  • Small business employment growth slowed in every industry sector

Rochester, N.Y. (May 31, 2016) – The Paychex | IHS Small Business Jobs Index declined 0.18 percent in May, from 100.77 to 100.59, following steady results in March and April. Altogether, however, the pace of small business employment growth has increased 0.22 percent since the start of 2016. At 101.72, East South Central jumped to the top spot among regions, gaining 0.40 percent, the best one-month growth rate. Washington remained the top-ranked state index, with its fifth consecutive increase in 2016.

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