The Paychex | IHS Small Business Jobs Index
With small businesses representing nearly 95 percent of all employers in the U.S., the Paychex | IHS Small Business Jobs Index serves as an indicator of the overall economy, providing a monthly, up-to-date measure of change in small business employment. The data for the jobs index comes from a subset of the Paychex client base, approximately 350,000 businesses with less than 50 workers in the U.S.
This Month's Highlights
The Paychex | IHS Small Business Jobs Index analyzes year-over-year worker count changes, trending the results to reveal movement in small business employment. Analysis is provided each month by the economists at IHS, a leading global source of critical information and insight.
A monthly, up-to-date measure of change in small business employment in the U.S., the Paychex | IHS Small Business Jobs Index analyzes year-over-year worker count changes, trending the results to reveal movement in small business employment. An upward trend represents a strengthening job market, while a downward trend is a sign of a slowdown.
Jobs index data is also used to analyze year-over-year regional small business employment across the U.S., providing a gauge of the performance of regional employment. Percentages are based on a 12-month change.
- Mountain+1.41% (101.72)
- West North Central+1.38% (102.17)
- East North Central+0.74% (101.90)
- New England+0.40% (100.84)
- Middle Atlantic+0.30% (100.65)
- East South Central+0.29% (101.20)
- South Atlantic+0.25% (99.82)
- Pacific-0.12% (101.56)
- West South Central-0.26% (102.05)
State & Metro Performance
Analysis of state and metro data is provided to reveal trends in small business employment from the country's 20 largest states and metro areas based on U.S. population. Percentages are based on a 12-month change.
|State||This Month's Change||This Month's Index|
|Metro||This Month's Change||This Month's Index|
|New York City||0.21%||100.59|
For further insight into this month's Small Business Jobs Index, read the news release.