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Category: Research - Topic: Economics - PAYCHEX-IHS SMALL JOBS


Paychex-IHS Small Business Jobs Index declined to 94.32 in October
Posted: November 3, 2020 at 08:30 AM (Tuesday)

The latest Paychex | IHS Markit Small Business Employment Watch shows a moderation in small business hiring from the previous month, declining 0.13 percent nationally to 94.32. Hourly earnings growth stood at 2.88 percent in October, while weekly hours worked remained positive, up 0.38 percent from ...


Paychex-IHS Small Business Jobs Index increased slightly to 94.44 in September
Posted: September 29, 2020 at 08:30 AM (Tuesday)

The latest Paychex | IHS Markit Small Business Employment Watch shows a in hiring from the previous month, rising 0.06 percent nationally and 0.36 percent in the Northeast. The national jobs index stands at 94.44, remaining in line with April’s reading of 94.63. Small business wage growth slowed to 3.14 percent in September, while growth in ...


Paychex-IHS Small Business Jobs Index moderated to 94.39 in August
Posted: September 1, 2020 at 08:30 AM (Tuesday)

The latest Paychex | IHS Markit Small Business Employment Watch shows that despite hiring remaining flat since its drop-off in April, employees of small business are seeing the benefits of solid wage growth. Hourly earnings growth was steady at 3.28 percent in August and weekly earnings continue to improve as the number of hours worked ...


Paychex-IHS Small Business Jobs Index slipped to 94.59 in July
Posted: August 4, 2020 at 08:30 AM (Tuesday)

The latest Paychex | IHS Markit Small Business Employment Watch shows that employment growth moderated as new COVID-19 hot spots emerged in the South and West regions of the U.S. The national jobs index slipped 0.24 percent in July to 94.59. Hourly earnings growth also slowed slightly to 3.29 percent last month, but increasing hours ...


Paychex-IHS Small Business Jobs Index held steady to 94.81 in June
Posted: June 30, 2020 at 08:30 AM (Tuesday)

The latest Paychex | IHS Markit Small Business Employment Watch shows that employment growth held steady in June, with the jobs index moderating just 0.06 percent to 94.81. However, increases in weekly earnings signify an upward trend as more business reopened their doors, and employees resumed work. As such, annualized one-month growth in ...


Paychex-IHS Small Business Jobs Index improved slightly to 94.63 in May
Posted: June 2, 2020 at 08:30 AM (Tuesday)

The latest Paychex | IHS Markit Small Business Employment Watch shows that employment growth improved slightly in May, up 0.25 percent, as stay-at-home orders eased in most states. Amid the economic impacts of the COVID-19 pandemic, the jobs index has fallen 3.95 percent year-over-year, most of which (3.52 percent) occurred in the past ...


Paychex-IHS Small Business Jobs Index declined to 94.63 in April
Posted: May 8, 2020 at 08:30 AM (Friday)

Small Business Employment Declines, Reflecting the Ongoing Impact of the Coronavirus Pandemic. The latest Paychex | IHS Markit Small Business Employment Watch shows a decrease in small business employment as the COVID-19 pandemic caused instability for employers nationwide. The jobs index declined 3.65 percent last month to 94.63, a ...


Paychex-IHS Small Business Jobs Index slowed to 98.21 in March
Posted: March 31, 2020 at 08:30 AM (Tuesday)

Paychex | IHS Markit Small Business Hiring and Wage Growth Slow as Impacts of the Coronavirus Pandemic Begin to Take Effect. Employment growth had remained relatively stable for ten months prior to impact of COVID-19 accelerating in March.

The latest Paychex | IHS Markit Small Business Employment Watch shows a slight decrease in both small business employment and wage growth in March. The report is based on data through March 19, a time when many businesses began to modify operations as a result of the ...


Paychex-IHS Small Business Jobs Index up to 98.32 in February
Posted: March 3, 2020 at 08:30 AM (Tuesday)

The Paychex | IHS Markit Small Business Employment Watch shows another monthly increase for small business job growth, while hourly earnings growth slowed in February

The latest Paychex | IHS Markit Small Business Employment Watch shows an upturn in the pace of small business job growth for the third straight month, a trend last seen in early 2017. Though down 0.61 percent from last year, employment growth increased 0.15 percent from the ...


Paychex-IHS Small Business Jobs Index up to 98.18 in January
Posted: February 4, 2020 at 08:30 AM (Tuesday)

The Paychex | IHS Markit Small Business Employment Watch shows renewed stability in employment growth and continuous increases in weekly earnings growth over the past quarter.

The latest Paychex | IHS Markit Small Business Employment Watch reflects a continuation of the tight labor market to start 2020. Weekly earnings growth improved for the 13th consecutive month, reaching 3.59 percent in January. Weekly hours worked were up 0.83 percent from ...


Paychex-IHS Small Business Jobs Index up to 98.16 in December
Posted: December 31, 2019 at 08:30 AM (Tuesday)

Weekly Earnings Growth Ends the Year at All-Time High. The Paychex | IHS Markit Small Business Employment Watch shows accelerating wage growth amid tight labor market. The competitive job market continues to drive wage growth higher, according to the latest Paychex | IHS Markit Small Business Employment Watch. Steady growth in hourly earnings ...


Paychex-IHS Small Business Jobs Index flat to 98.11 in November
Posted: December 3, 2019 at 08:30 AM (Tuesday)

Small Business Wage Growth Hits New High, Job Growth Consistent in November. The Paychex | IHS Markit Small Business Employment Watch shows hourly earnings growth at its highest level since 2011. The tight labor market continues to positively impact wage growth, according to the latest Paychex | IHS Markit Small Business Employment Watch. ...


Paychex-IHS Small Business Jobs Index dipped to 98.14 in October
Posted: October 29, 2019 at 08:30 AM (Tuesday)

Small Business Wage Growth Gains Momentum, Job Growth Holds Steady in October. Paychex | IHS Markit Small Business Employment Watch shows small business hourly earnings growth hit 3.00 percent in October. The tight labor market positively impacted wage growth in October, according to the latest Paychex | IHS Markit Small Business Employment ...


Paychex-IHS Small Business Jobs Index increased to 98.22 in September
Posted: October 1, 2019 at 08:30 AM (Tuesday)

Job growth increased in September, as did hourly and weekly earnings growth, according to the latest Paychex | IHS Markit Small Business Employment Watch. At 98.22, the national jobs index experienced its largest gain in three years (0.21 percent), breaking with recent trends; however, the index remains down 0.97 percent year-over-year. ...


Paychex-IHS Small Business Jobs Index declined to 98.01 in August
Posted: September 3, 2019 at 08:30 AM (Tuesday)

The Paychex | IHS Markit Small Business Employment Watch shows job growth declined again in August while wage growth stabilized. At 98.01, the national jobs index fell 0.17 percent from last month and 0.76 percent over the past quarter, contributing to a 1.22 percent year-over-year drop in the rate of small business job growth. Hourly ...


Paychex-IHS Small Business Jobs Index declined to 98.18 in July
Posted: July 30, 2019 at 08:30 AM (Tuesday)

The Paychex | IHS Markit Small Business Employment Watch for July shows a slight decline in job growth and a fourth consecutive month of accelerated wage growth. The national jobs index stands at 98.18, down 0.15 percent from last month and 1.18 percent below its pace in July 2018. The deceleration in job growth follows a 0.45 percent decrease ...


Paychex-IHS Small Business Jobs Index declined to 98.32 in June
Posted: July 2, 2019 at 08:30 AM (Tuesday)

The Paychex | IHS Markit Small Business Employment Watch for June shows slowing small business job growth accompanied by continued steady wage growth, together indications of an increasingly tight labor market. The national jobs index fell 0.45 percent from the previous month to 98.32 in June. Conversely, with a three-month annualized growth ...


Paychex-IHS Small Business Jobs Index essentially unchanged at 98.76 in May
Posted: June 4, 2019 at 08:30 AM (Tuesday)

The Paychex | IHS Markit Small Business Employment Watch for May shows job and wage growth were essentially unchanged from the previous month. The national jobs index stands at 98.76 and has been relatively stable throughout 2019. Hourly earnings have increased 2.53 percent ($0.67) over the past 12 months, remaining slightly ahead of the ...


Paychex-IHS Small Business Jobs Index declined to 98.77 in April
Posted: April 30, 2019 at 08:30 AM (Tuesday)

The Paychex | IHS Markit Small Business Employment Watch Paychex | IHS Markit Small Business Employment Watch for April shows job and wage growth kept pace with recent months. In the first four months of 2019 job growth has remained relatively consistent, slowing just 0.03 percent per month to 98.77 in April. Annualized hourly earnings growth ...


Paychex-IHS Small Business Jobs Index declined to 98.78 in March
Posted: April 2, 2019 at 08:30 AM (Tuesday)

The Paychex | IHS Markit Small Business Employment Watch showed its first job growth decrease of 2019 in March. After remaining relatively flat in January and February, the Small Business Jobs Index declined 0.15 percent to 98.78. However, despite a 0.88 percent slowdown year-over-year, the first calendar quarter of 2019 represents the ...


Paychex-IHS Small Business Jobs Index increased to 98.93 in February
Posted: March 5, 2019 at 08:30 AM (Tuesday)

The Paychex | IHS Markit Small Business Employment Watch continued to reflect signs of the tight labor market. At 98.93, the Small Business Jobs Index was unchanged in February, remaining just below 99. Though the rate of job growth has stayed relatively consistent over the past three months, the national index is down 0.84 percent ...


Paychex-IHS Small Business Jobs Index increased to 98.92 in January
Posted: January 29, 2019 at 08:30 AM (Tuesday)

The Paychex | IHS Markit Small Business Employment Watch started the new year with slight gains in small business job and hourly earnings growth. The Small Business Jobs Index increased 0.04 percent in January to 98.92, though it remains down 0.96 year-over-year. At 2.49 percent ($0.65) in January, hourly earnings growth has improved each ...


Paychex-IHS Small Business Jobs Index down to 98.88 in December
Posted: January 2, 2019 at 08:30 AM (Wednesday)

The Paychex | IHS Markit Small Business Employment Watch closed the year with a decline in small business job growth and continued, moderate growth in hourly earnings. The Small Business Jobs Index stands at 98.88 in December, down 0.13 percent for the month and 0.82 percent for the year. At $26.95, hourly earnings in December gained 2.42 ...


Paychex-IHS Small Business Jobs Index down to 99.01 in November
Posted: December 4, 2018 at 08:30 AM (Tuesday)

The Paychex | IHS Markit Small Business Employment Watch data for November shows that the tight labor market continues to make for challenging hiring conditions. The Small Business Jobs Index declined for the sixth consecutive month, falling 0.11 percent from October to 99.01 in November. Despite the low rate of job growth, the rate of hourly ...


Paychex-IHS Small Business Jobs Index down to 99.12 in October
Posted: October 30, 2018 at 08:30 AM (Tuesday)

The Paychex | IHS Markit Small Business Employment Watch data for October again reflects the tight labor market with a dip in job growth and uptick in wages. Down 0.06 percent from last month at 99.12, the Small Business Jobs Index has slowed 1.28 percent over the past two years, consistent with a declining rate of unemployment in the ...


Paychex-IHS Small Business Jobs Index down to 99.18 in September
Posted: October 2, 2018 at 08:30 AM (Tuesday)

The Paychex | IHS Markit Small Business Employment Watch for September shows the tight labor market continues to restrain job growth, while hourly earnings wage growth and weekly hours worked saw modest increases. At 99.18, the Small Business Jobs Index is consistent with last month’s level, but slowed 0.23 percent during the past quarter, ...


Paychex-IHS Small Business Jobs Index down to 99.22 in August
Posted: September 4, 2018 at 08:30 AM (Tuesday)

While the Paychex | IHS Markit Small Business Employment Watch for August shows a continued decrease in the rates of small business jobs and wage growth, it also reveals that weekly hours worked are on the rise. Down 0.12 percent in August to 99.22, the Small Business Jobs Index has fallen for three consecutive months and is 0.73 percent ...


Paychex-IHS Small Business Jobs Index slipped slightly to 99.34 in July
Posted: July 31, 2018 at 08:30 AM (Tuesday)

The Paychex | IHS Markit Small Business Employment Watch for July shows slight declines in the rates of small business jobs and wage growth. At 99.34 in July, the Small Business Jobs Index is down 0.63 percent year-over-year. Hourly earnings growth stands at 2.42 percent, up $0.63 from a year ago. Since last July, hourly earnings growth has ...


Paychex-IHS Small Business Jobs Index dipped to 99.40 in June
Posted: July 3, 2018 at 08:30 AM (Tuesday)

The Paychex | IHS Markit Small Business Employment Watch June shows declines in the rates of small business jobs and wage growth. Following a small increase in May, the Small Business Jobs Index dipped in June to 99.40, marking a 0.69 percent decrease year-over-year and 12 consecutive months under 100. The pace of annual wage growth ...


Paychex-IHS Small Business Jobs Index increased to 99.60 in May
Posted: May 29, 2018 at 08:30 AM (Tuesday)

The Paychex | IHS Markit Small Business Employment Watch for May shows a small increase in the rate of hiring and a slight decrease in the pace of wage growth. The Small Business Jobs Index grew for the first time since January, up 0.07 percent to 99.60. Job growth among small businesses is down 0.73 percent year-over year, reflecting ...


Paychex-IHS Small Business Jobs Index declined to 99.53 in April
Posted: May 1, 2018 at 08:30 AM (Tuesday)

According to the latest Paychex | IHS Markit Small Business Employment Watch , wage growth accelerated in April, while the pace of monthly small business job growth continued to tighten. The Small Business Jobs Index fell 0.12 percent for the month and is down 0.96 over the past year to 99.53. Hourly earnings grew $0.70 to $26.56, up 2.69 ...


Paychex-IHS Small Business Jobs Index declined slightly to 99.65 in March
Posted: April 3, 2018 at 08:30 AM (Tuesday)

Small business employment growth declined slightly in March, while wage growth remained largely consistent, according to the latest Paychex | IHS Markit Small Business Employment Watch. Falling 0.12 percent to 99.65 in March, the Small Business Jobs Index has been below 100 for the past nine months and has slowed 1.07 percent since March ...


Paychex-IHS Small Business Jobs Index dipped to 99.77 in February
Posted: March 6, 2018 at 08:30 AM (Tuesday)

After an uptick to start the year, the Paychex | IHS Markit Small Business Employment Watch saw small declines in jobs and wage growth in February. The Small Business Jobs Index stands at 99.77, down 0.11 percent from January and one percent below last year. The index has been below 100 since July 2017. Hourly earnings increased $0.69 in the ...


Paychex-IHS Small Business Jobs Index increase to 99.88 in January
Posted: January 30, 2018 at 08:30 AM (Tuesday)

The Paychex | IHS Markit Small Business Employment Watch started the year with an increase in small business job growth and wages in January. The Small Business Jobs Index stands at 99.88, a 0.18 percent increase over December. The jobs growth rate remains below last January’s level by 0.74 percent. Hourly earnings have grown $0.72 in the ...


Paychex-IHS Small Business Jobs Index Declined to 99.70 in December
Posted: January 2, 2018 at 08:30 AM (Tuesday)

The Paychex | IHS Markit Small Business Employment Watch closed the year with a decline in small business job growth and wages up over the previous year. The Small Business Jobs Index stands at 99.70 in December, down 0.16 percent for the month and 0.78 percent for the year. At $26.14, hourly earnings in December gained 2.76 percent ($0.70) ...


Paychex-IHS Small Business Jobs Index Decline Slightly to 99.86 in November
Posted: December 5, 2017 at 01:17 PM (Tuesday)

The Paychex | IHS Markit Small Business Employment Watch shows a modest decline in both small business job and wage growth for November. The Small Business Jobs Index decreased 0.03 percent for the month, 0.10 for the quarter, and 0.52 percent for the year to 99.86. The national index has now been below 100 for five consecutive months. ...


Paychex-IHS Small Business Jobs Index slowing to 99.89 in October
Posted: October 31, 2017 at 08:30 AM (Tuesday)

The Paychex | IHS Markit Small Business Employment Watch shows a slight slowdown in small business job growth, with wage growth also showing a small decline over the past month. The Small Business Jobs Index stands at 99.89, moderating 0.04 percent from the previous month. After reaching a milestone three percent growth rate in August, ...


Paychex-IHS Small Business Jobs Index down slightly to 99.93 in September
Posted: October 3, 2017 at 08:30 AM (Tuesday)

The Paychex | IHS Markit Small Business Employment Watch shows a slight slowdown in small business job growth in September, while wages continue at a solid pace of growth. The Small Business Jobs Index stands at 99.93, down 0.03 percent from the previous month. The national index has remained relatively flat since June. At $26.03 in ...


Paychex-IHS Small Business Jobs Index decreased to 99.96 in August
Posted: August 29, 2017 at 08:30 AM (Tuesday)

The Paychex | IHS Markit Small Business Employment Watch shows a slowdown in small business job growth for the sixth consecutive month in August, while hourly earnings continue to gain momentum. The Small Business Jobs Index stands at 99.96, but the monthly decline in August was minimal at only 0.02 percent. Small business wages continue to ...


Paychex-IHS Small Business Jobs Index decreased to 99.98 in July
Posted: August 1, 2017 at 08:30 AM (Tuesday)

The Paychex | IHS Markit Small Business Employment Watch shows another monthly slowdown in small business jobs growth, while wages continue to rise at a steady pace. The Small Business Jobs Index dropped to 99.98 in July, 0.70 percent lower than in July 2016. An index level of 100 equates to moderate job gains, represented by the employment ...


Paychex-IHS Small Business Jobs Index decreased to 100.10 in June
Posted: July 5, 2017 at 08:30 AM (Wednesday)

The Paychex | IHS Markit Small Business Employment Watch for June marks four consecutive months of decline in small business job growth, but a continued increase in wages. The Small Business Jobs Index decreased 0.24 percent to 100.10 in June. The index is at its lowest level since late 2011. National hourly earnings in June were ...


Paychex-IHS Small Business Jobs Index declined to 100.34 in May
Posted: May 30, 2017 at 08:30 AM (Tuesday)

The Paychex | IHS Markit Small Business Employment Watch for May shows a continued decline in small business jobs growth, but an increase in wages for the fourth consecutive month. According to the report, the Small Business Jobs Index declined 0.16 percent in May to 100.34, a 0.25 percent decrease in growth year-over-year and its ...


Paychex-IHS Small Business Jobs Index dipped to 100.50 in April
Posted: May 2, 2017 at 08:30 AM (Tuesday)

The Paychex | IHS Markit Small Business Employment Watch for April shows a decline in small business jobs growth, but continued rising wages for workers. According to the report, the Small Business Jobs Index declined 0.22 percent in April to 100.50, losing gains from the first quarter of the year. National hourly earnings in April were ...


Paychex-IHS Small Business Jobs Index moderated to 100.73 in March
Posted: April 4, 2017 at 08:30 AM (Tuesday)

Following three months of positive gains, the Paychex | IHS Small Business Jobs Index maintained its level with a slight 0.05 percent decrease from the previous month, moderating to 100.73. Year over year, the pace of small business employment growth is ...


Paychex-IHS Small Business Jobs Index increased to 100.78 in February
Posted: March 7, 2017 at 08:30 AM (Tuesday)

The Paychex | IHS Small Business Jobs Index continued to increase in February, rising to 100.78, up 0.16 percent from the previous month and 0.39 percent for the quarter. Not only has the national index increased for three consecutive months, but the rate of growth has increased each month as well. The national index, however, is ...


Paychex-IHS Small Business Jobs Index increased to 100.62 in January
Posted: January 31, 2017 at 08:30 AM (Tuesday)

The Paychex | IHS Small Business Jobs Index continued to increase in January to 100.62, beginning 2017 at the same pace of employment growth it averaged throughout 2016. Up 0.13 percent in January and 0.10 percent in December, the national index increased two months in a row for the first time since last February as employment improved ...


Paychex-IHS Small Business Jobs Index rebounded to 100.49 in December
Posted: January 3, 2017 at 08:30 AM (Tuesday)

The Paychex | IHS Small Business Jobs Index rebounded 0.10 percent in December, increasing to 100.49, and ending three months of declines. Despite a series of positive and negative swings throughout the year, small business employment growth levels are 0.12 percent higher than the same period a year ago. Among regions, the East South ...


Paychex-IHS Small Business Jobs Index declined to 100.38 in November
Posted: November 29, 2016 at 08:30 AM (Tuesday)

The Paychex | IHS Small Business Jobs Index moderated slightly in November, down 0.02 percent from the previous month. This marks the third consecutive decline, which saw the national index decrease from 100.70 in August to 100.38 in November. Despite this, small business employment growth levels remain consistent with the same period a year ...


Paychex-IHS Small Business Jobs Index declined to 100.41 in October
Posted: November 1, 2016 at 08:30 AM (Tuesday)

The Paychex | IHS Small Business Jobs Index declined in October, down 0.11 percent from the previous month to 100.41. September and October marked the first consecutive declines in 2016, as the national index is down 0.27 percent for the quarter. Despite this, the national index remains 0.06 percent above last year. The South Atlantic and ...


Paychex-IHS Small Business Jobs Index declined to 100.52 in September
Posted: October 4, 2016 at 08:30 AM (Tuesday)

The Paychex | IHS Small Business Jobs Index declined from 100.70 in August to 100.52 in September, a decrease of 0.18 percent. While now at its lowest level in 2016, the national index remains 0.08 percent higher than a year ago. After a one-month hiatus, the South Atlantic returned to its position as the top-ranked region. Showing ...



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