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September

100.85

+0.13% 12-month change

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.

National Index

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.

MonthIndex
9/1/2014100.85
8/1/2014100.99
7/1/2014101.11
6/1/2014101.07
5/1/2014101.15
4/1/2014101.26
3/1/2014101.15
2/1/2014101.15
1/1/2014101.03
12/1/2013100.74
11/1/2013100.66
10/1/2013100.61

Regional Performance

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.

Paychex | IHS Small Business Jobs Index - Regional Map
  • +1.52%
  • +1.40%
  • +0.72%
  • +0.50%
  • +0.47%
  • +0.19%
  • -0.02%
  • -0.55%
  • -0.64%
Payches | IHS Small Business Jobs Index - Regional Heat Map Key
  • -0.75%
  • 0.50%
  • 1.75%
  • East South Central+1.52% (102.16)
  • Mountain+1.40% (101.76)
  • West North Central+0.72% (101.75)
  • West South Central+0.50% (101.82)
  • Middle Atlantic+0.47% (100.51)
  • East North Central+0.19% (101.64)
  • South Atlantic-0.02% (99.52)
  • Pacific-0.55% (101.16)
  • New England-0.64% (100.26)

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.

By State

StateThis Month's ChangeThis Month's Index
Wisconsin1.95%103.45
Washington1.50%103.09
Texas-0.04%102.50
Pennsylvania2.14%101.80
Tennessee-0.97%101.55
Illinois0.41%101.46
Ohio-0.03%101.33
Michigan-0.25%101.33
Indiana-1.27%101.32
California-0.75%101.12
Arizona2.62%100.93
New York0.62%100.89
North Carolina-0.43%100.67
Georgia0.43%100.13
Missouri-0.38%100.13
Massachusetts-0.68%100.10
Florida0.83%99.86
Maryland0.14%99.83
New Jersey-1.02%98.86
Virginia-0.81%97.46

By Metro

MetroThis Month's ChangeThis Month's Index
Seattle1.90%103.10
Houston1.40%102.94
Dallas0.33%102.90
Riverside, CA-0.99%102.34
San Francisco-0.51%102.13
Minneapolis1.06%102.11
San Diego-0.22%101.94
Detroit-0.55%101.58
Phoenix3.18%101.32
Philadelphia1.67%101.20
Chicago0.27%101.13
Boston-0.46%100.83
St. Louis-0.91%100.71
Los Angeles-0.90%100.60
Atlanta0.79%100.56
New York City0.20%100.32
Baltimore0.30%99.89
Miami0.31%99.44
Tampa Bay0.29%99.39
Washington-0.88%98.16

News Release

For further insight into this month's Small Business Jobs Index, read the news release.

Read Full Press Release

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