This Week
  • Exporters back the controversial Trans-Pacific Partnership pact.

  • For CooperVision's Lisa Fawcett, a love of sales began with her father.

  • The Ginna nuclear power plant awaits a regulatory decision.

  • Graduate programs are focusing on spanning fields and solving real-world problems.

  • Pauleen Vacca prefers taking the long view to build her business.

  • It is clarity of mission that has united Brand Cool Marketing Inc. each year.

Paychex index shows small business growth slows again in June

Rochester Business Journal
July 1, 2014

Though the Paychex | IHS Small Business Jobs Index dropped for the second consecutive month, results for the last 12 months leading up to June signal improvement, new information released by Paychex Inc. shows.

The index, which measures change in small business employment based on 350,000 businesses in the U.S. with fewer than 50 employees, fell to 101.07 in June. It was the lowest level since January. It grew 0.23 percent in the last year.

The Middle Atlantic region, which includes New York, showed the weakest growth. Its index dropped 0.39 percent to 100.41, over the last 12 months. New York’s index is currently 100.86, which is the 13th highest score, after dropping 0.25 percent.

“Though the pace of gains remains moderate, the Paychex | IHS Small Business Jobs Index shows that payroll conditions have clearly improved this year for the country’s small businesses,” said James Diffley, chief regional economist at IHS, in a statement.

Washington currently has the highest index at 103.24 and experienced 1.77 percent increase during the last year.

(c) 2014 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email service@rbj.net.



What You're Saying 

There are no comments yet. Be the first to add yours!

Post Your Own Comment

 
Username:
Password:

Not registered? Sign up now!
 

To Do   Text Size
Post CommentPost A Comment eMail Size1
View CommentsView All Comments PrintPrint Size2
ReprintsReprints Size3
  • E-mailed
  • Commented
  • Viewed
RBJ   Google