Small Business Jobs Index Indicates Employment Growth Rebound

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 the largest the national index has seen since June 2013. With a strong one-month growth rate, the South Atlantic hit a record level in June at 101.96 to claim the top spot among regions. Washington increased its lead among states, gaining 0.13 percent from May to June to bring its index level to 104.50. At 104.96, Seattle was essentially unchanged and remains the top-ranked metro index. Up 0.52 percent this month, Construction had its strongest gain in more than three years, the largest increase among all industries in June.

To read the full news release, visit the Paychex | IHS Small Business Jobs Index website.