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Paychex-IHS Small Business Jobs Index moderated slightly to 100.74 in March
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The Paychex | IHS Small Business Jobs Index moderated slightly—from 100.75 in February to 100.74 in March. The first quarter of 2016 marks the index’s best three-month increase in two years, with a gain of 0.36 percent. The Mountain region remains the top-performing regional index. Washington extends its lead among states, increasing 0.39 percent to an index level of 103.93. Seattle ranks as the top metro area for small business job growth, overtaking Dallas, which had held that position for well over a year. Other Services (except Public Administration)*, as defined by the Bureau of Labor Statistics, ranks as the top industry sector.
"With a gain of 0.36 percent in the first quarter of 2016, the national index indicates a solid expansion of small business jobs," said James Diffley, chief regional economist at IHS.
"The Small Business Jobs Index maintained its strong start to 2016, closing out March with a level of 100.74," said Martin Mucci, president and CEO of Paychex. "The first quarter of 2016 represents the index's best three-month increase in two years."
Posted: March 29, 2016 Tuesday 08:30 AM