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Paychex - IHS Small Business Jobs Index Moderates for Second Month in a Row; Remains 0.06 Percent Above a Year Ago

November 01, 2016

Small Business Jobs Index

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 East South Central lead regions with the fastest and strongest job growth. Washington continues as the top-ranked state index, up 1.50 percent from last year. Texas fell eight spots in October and now ranks 18th among states, with its index below 100 for the first time since 2010. Seattle maintains its large lead among metro areas with an index of 104.68, with Atlanta a strong second at 102.81. Though it remains well above 100 and third among industries, small business employment growth in Construction fell in October for the fourth consecutive month.


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