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Small-business jobs show mixed results in August

Rochester Business Journal
September 2, 2014

Job growth is mixed nationwide, the Paychex | IHS Small Business Jobs Index for August found.

The index, which analyzes same-store, year-over-year employment changes to identify and track small-business employment trends, grew 0.20 percent in the 12 months through August. But the national index decreased to 100.99 as the pace of small-business employment slowed slightly, Paychex officials noted.

August marks the third decline for the index in the past four months, officials noted.
 
“Although the Paychex | IHS Small Business Jobs Index continues to show positive year-over-year growth, the short-term trend has declined 0.16 percent in the past three months,” said James Diffley, chief regional economist at IHS. “As most other employment indicators accelerated over the summer, it appears that small businesses may have been on the front end of that trend, in the spring, with the index reaching its peak level in April 2014,”

Martin Mucci, Paychex president and CEO, noted the long-term picture still points to growth.

“The index continues to show positive, long-term gains,” Mucci said. “However, that growth has slowed in the past several months.”

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


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