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Paychex-IHS Small Business Jobs Index increased to 100.42 in November
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The Paychex | IHS Small Business Jobs Index increased in November, moving from 100.34 to 100.42, signaling modest gains in employment levels at small businesses across the U.S. The national index increased 0.08 percent from the previous month, but declined 0.31 percent from November 2014. The Mountain region was once again the top-performing regional index. Washington continued to lead states tracked by the index, followed by Texas and Florida. Dallas remained the top-ranked metro area by a wide margin. Other Services (except Public Administration)*, as defined by the Bureau of Labor Statistics, ranked as the top industry sector for small business employment growth, while Manufacturing is the lowest.
"Increasing 0.08 percent, the Paychex | IHS Small Business Jobs Index rebounded from its October decline," said James Diffley, chief regional economist at IHS. "At 100.42, the pace of employment growth is currently 0.42 percent faster than in the base period ten years ago."
"As small businesses prepare to end 2015, the index indicates they're hiring," said Martin Mucci, president and CEO of Paychex. "While the pace of job growth doesn't match the levels seen in 2014, small businesses continue to add employees at a pace above our base year."
Posted: December 1, 2015 Tuesday 08:30 AM