Research >> Economics
Paychex-IHS Small Business Jobs Index increased to 101.11 in July
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The Paychex | IHS Small Business Jobs Index grew 0.34 percent in the 12 months leading up through July. The national index increased to 101.11, inching closer to its record high of 101.26 achieved in April 2014. Among the regions, the West North Central jumped to the top of the regional index with the highest monthly increase. Washington continues to lead the states, while Michigan shows impressive improvement in employment conditions. Dallas holds the top spot among metro areas for the second straight month, with Houston gaining ground and taking over the number two spot.
The Paychex | IHS Small Business Jobs Index begins the second half of the year with an increase over June, adding to the recent favorable indicators of economic gains in 2014.
July's index results show that small business employment growth is picking up once again, continuing the long-term trend we’ve been seeing for some time now.
At 101.11, the July 2014 national index is higher than any value it had achieved through 2013. Aided by consistently strong 12-month growth rates in the Mountain and West North Central regions, the national index has increased 0.34 percent since July 2013.
Posted: July 29, 2014 Tuesday 08:30 AM