Paychex | IHS Small Business Jobs Index Indicates Employment Growth Rebound - Seite 3

Note: Analysis is provided for the 20 largest metro areas based on U.S. population.

Industry Employment Trend
Up 0.52 percent this month, Construction had its strongest gain in more than three years, best among all industries in June. Improving the pace of small business job growth for the fifth month in 2016, Other Services (except Public Administration) continues to lead among industry sectors with an index level of 105.32. Manufacturing slowed for the fifth consecutive month as its index decreased to 98.66 in June, marking a new five-year low. Among industries, Manufacturing also had the lowest one-month growth rate and 12-month growth rate at -0.16 percent and -0.90 percent, respectively. Leisure and Hospitality had a solid 0.35 percent gain in June, bringing its index to 100.74, in line with June 2015.

Note: Analysis is provided for eight major industry sectors.

For more information about the Paychex | IHS Small Business Jobs Index, visit the index website. Plus, view and download the June 2016 Paychex | IHS Small Business Jobs Index infographic. Or, sign up to receive monthly alerts on the Paychex | IHS Small Business Jobs Index.

*Information regarding the professions included in the industry data can be found at the Bureau of Labor Statistics website.

About the Paychex | IHS Small Business Jobs Index
The Paychex | IHS Small Business Jobs Index is released each month by Paychex, Inc., a leading provider of payroll, human resource, insurance, and benefits outsourcing solutions for small-to medium-sized businesses, and IHS, Inc., a leading global source of critical information and insight, providing analysis of small business employment trends across the U.S.

The index analyzes same-store, year-over-year worker count changes to identify and track small business employment trends using real small business payroll data from the Paychex client base. The index is based on aggregated data from approximately 350,000 small businesses with fewer than 50 workers across the United States, one of the largest sample sizes of any small business index or report in the country, and provides timely, accurate insight into national, regional, state, metro, and industry employment activity.