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



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 ...


Paychex-IHS Small Business Jobs Index remained steady at 100.70 in August
Posted: August 30, 2016 at 08:30 AM (Tuesday)

The Paychex | IHS Small Business Jobs Index remained steady in August, up modestly, 0.02 percent, from the previous month. At 100.70, the national index is up 0.22 percent from a year ago. Mountain reclaimed its lead among regions, pushing South Atlantic to the second-ranked spot. Washington continued as the top-ranked state index at 104.30, ...


Paychex-IHS Small Business Jobs Index down to 100.68 in July
Posted: August 2, 2016 at 08:30 AM (Tuesday)

Following a 2016 high point in June, the Paychex | IHS Small Business Jobs Index moderated in July, down 0.12 percent from the previous month. At 100.68, the growth rate of the national index is consistent with the 2016 average and 0.04 percent higher than it was in July 2015. During the past 12 months, small business employment in the regions ...


Paychex-IHS Small Business Jobs Index rebounded to 100.81 in June
Posted: July 5, 2016 at 08:30 AM (Tuesday)

The Paychex | IHS Small Business Jobs Index rebounded 0.21 percent in June, increasing to 100.81, reversing the May decline of 0.18 percent. The second quarter of 2016 saw an overall gain of 0.07 percent, despite significant movement in the index month-to-month. The change in the pace of small business employment growth from May to June was ...


Paychex-IHS Small Business Jobs Index declined to 100.59 in May
Posted: May 31, 2016 at 08:30 AM (Tuesday)

The Paychex | IHS Small Business Jobs Index declined 0.18 percent in May, from 100.77 to 100.59, following steady results in March and April. Altogether, however, the pace of small business employment growth has increased 0.22 percent since the start of 2016. At 101.72, East South Central jumped to the top spot among regions, gaining 0.40 ...


Paychex-IHS Small Business Jobs Index up modestly to 100.77 in April
Posted: May 3, 2016 at 08:30 AM (Tuesday)

The Paychex | IHS Small Business Jobs Index was up modestly in April, increasing to 100.77 compared to 100.74 in March. Following the strong 0.28 percent one-month gain in January, the national index has increased further during the past three months, by 0.12 percent. At 101.87, the Mountain region continues as the leading regional ...


Paychex-IHS Small Business Jobs Index moderated slightly to 100.74 in March
Posted: March 29, 2016 at 08:30 AM (Tuesday)

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 ...


Paychex-IHS Small Business Jobs Index increased to 100.75 in February
Posted: March 1, 2016 at 08:30 AM (Tuesday)

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 ...


Paychex-IHS Small Business Jobs Index rebounded to 100.65 in December
Posted: February 2, 2016 at 08:30 AM (Tuesday)

At 100.65, the Paychex | IHS Small Business Jobs Index rebounded 0.28 percent from the previous month to begin 2016. The January index indicates an increase in the rate of small business hiring, matching the highest level since May of 2015, and offsetting the growth rate declines of 2015. The Mountain region remains the top-performing ...


Paychex-IHS Small Business Jobs Index decreased to 100.37 in December
Posted: January 5, 2016 at 08:30 AM (Tuesday)

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 ...


Paychex-IHS Small Business Jobs Index increased to 100.42 in November
Posted: December 1, 2015 at 08:30 AM (Tuesday)

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 ...


Paychex-IHS Small Business Jobs Index decreased to 100.34 in October
Posted: November 3, 2015 at 07:30 AM (Tuesday)

The Paychex | IHS Small Business Jobs Index decreased in October, moving from 100.44 to 100.34. Although small business employment remains positive, with an index level above 100, the national index has moderated, declining 0.31 percent in the last quarter and 0.49 percent over the past year. The Mountain region was once again the ...


Paychex-IHS Small Business Jobs Index decreased slightly to 100.44 in September
Posted: September 29, 2015 at 08:30 AM (Tuesday)

The Paychex | IHS Small Business Jobs Index decreased slightly in September, moving from 100.48 to 100.44. After increasing the first quarter of 2015, the pace of employment growth has moderated during the second and third quarters of 2015. The Mountain region was the top-performing regional index. Texas surpassed Washington and Georgia to ...


Paychex-IHS Small Business Jobs Index decreased to 100.48 in August
Posted: September 1, 2015 at 08:30 AM (Tuesday)

The Paychex | IHS Small Business Jobs Index decreased 0.17 percent from July to August, bringing the national index to 100.48. Little movement in recent months gave way to August’s decline. The index was down 0.51 percent from August 2014. The East North Central continued as the top-performing regional index despite a slight decrease month ...


Paychex-IHS Small Business Jobs Index rose slightly to 100.64 in July
Posted: August 4, 2015 at 08:30 AM (Tuesday)

For the second straight month, the Paychex | IHS Small Business Jobs Index was relatively unchanged, increasing slightly from 100.63 in June to 100.64 in July. The national index has seen little movement in recent months, essentially remaining flat from May to July. Still trailing employment growth seen in 2014, the index was down 0.46 ...



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