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Paychex-IHS Small Business Jobs Index decreased to 100.37 in December
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To close 2015, the Paychex | IHS Small Business Jobs Index decreased to 100.37, down 0.05 percent from November and 0.19 percent from 2014. The Mountain region was the top-performing regional index and had the strongest 12-month growth rate. Texas surpassed Washington to lead states tracked by the index. Dallas remained the top-ranked metro area, outpacing other metros throughout 2015. Other Services (except Public Administration)*, as defined by the Bureau of Labor Statistics, ranked as the top industry sector, followed by Construction.
"December 2015 marks the 51st consecutive month job gains have exceeded the pace of our base year over a decade ago," said James Diffley, chief regional economist at IHS. "Nevertheless, 2015 was the softest year for small business employment growth since 2011."
"The national index steadily trended downward throughout much of the 2015. What that tells us is that while small businesses certainly added jobs this year, the pace at which they did so slowed," said Martin Mucci, president and CEO of Paychex.
Posted: January 5, 2016 Tuesday 08:30 AM