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Paychex-IHS Small Business Jobs Index increased to 100.75 in February
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The Paychex | IHS Small Business Jobs Index added to its January gain with a February increase of 0.10 percent. At 100.75, the national index is just 0.08 off the pace set a year ago in February, which represented the high point of 2015. The Mountain region remains the top-performing regional index while Washington retains the top spot among states for the second consecutive month. Dallas maintained its top ranking among metropolitan areas, while Seattle holds second place with another strong month. Other Services (except Public Administration)*, as defined by the Bureau of Labor Statistics, ranked as the top industry sector, followed by Construction, which had the best one-month growth rate among industry sectors.
"After a strong start to 2016, the Paychex | IHS Small Business Jobs Index increased further in February as the pace of small business growth is up 0.33 percent in the last quarter," said James Diffley, chief regional economist at IHS. "Moreover, the back-to back gains in January and February were the first consecutive increases in a year."
"The pace of small business job growth nationally continued on a positive trend," said Martin Mucci, president and CEO of Paychex. "A number of individual state and metro area results indicate stronger gains that we view as positive signs."
Posted: March 1, 2016 Tuesday 08:30 AM