Payroll giant Paychex reported a slight decline in small business employment growth in December.
The Paychex | IHS Small Business Jobs Index, which Paychex compiles with the research firm IHS, slid to 100.37 in December, down 0.05 percent from November and 0.19 percent from 2014. The Mountain region was the top-performing regional index and had the strongest 12-month growth rate. Dallas remained the top-ranked metropolitan area, outpacing other metro areas throughout 2015.
“Other Services (except Public Administration),” as defined by the Bureau of Labor Statistics, ranked as the top industry sector, followed by Construction.
“We’ve continued to see consistent job growth over the base year for small businesses under 50 employees, and for four years it’s been over 100,” said Paychex president and CEO Martin Mucci. “The index for four years has been over 100, and that continues to be good news.”
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