Small Business Employment Growth Continued at a Steady Pace in March, According to the Paychex - IHS Small Business Jobs Index
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 essentially unchanged.
The East South Central continues to lead all regions for the fifth consecutive month, while the West South Central is showing signs of improvement. Tennessee remains the top-ranked state. Dallas became the country’s new top metro area for small business jobs, following a 1.45 percent one-month decrease in Atlanta, which had held the top position. Leisure and Hospitality had the best growth rates among industries, gaining 0.33 percent in March and 1.57 percent year over year.
To read the full news release, visit the Paychex | IHS Small Business Jobs Index website.