Paychex | IHS Small Business Jobs Index to Deliver New Data and Analysis on Small Business Employment Growth
September 23 2015 - 8:00AM
Business Wire
Small business hiring trends for eight major industry sectors,
other new statistics to be included
On September 29, 2015, the Paychex | IHS Small Business Jobs
Index (SBJI) will expand its report on the state of small business
employment growth by including more data and analysis on hiring
trends across the United States and industry sectors.
“Paychex pays one out of every 15 American private-sector
employees, providing the opportunity to use real payroll data to
gain insight into one of the main drivers of the U.S. economy –
small businesses. Unlike other indicators that use survey data, our
index harnesses possibly the largest small business dataset
available to provide a valuable, leading indicator of change in
small business employment growth,” said Martin Mucci, president and
CEO of Paychex. “We’re looking forward to adding even greater value
to the dialogue on the health of the U.S. economy with the addition
of these new features.”
Beginning September 29, the Small Business Jobs Index will
expand to include reporting on eight industries sectors,
including:
- Construction
- Manufacturing
- Trade, Transportation, and
Utilities
- Financial Activities
- Professional and Business Services
- Education and Health Services
- Leisure and Hospitality
- Other Services (except Public
Administration)
In addition, the index for regional, state, metro, and industry
levels will now be reported using a national baseline. By applying
the results used to create the national index baseline of 100
across all categories, users will be able to better compare
employment activity between regions, states, metros, and
industries.
Also, with the inclusion of base-year change reporting, users
can continue to analyze each individual dimension or category (i.e.
region, state, metro, industry) against its own performance in the
2004 base year, as was possible using the previous methodology.
The one-month and 12-month change rates that have been shared
since the index launched in April 2014 will continue to be
reported.
The new index features will be available beginning Tuesday,
September 29 with the release of September’s Small Business Jobs
Index results. For these additions, along with enhanced interactive
data analysis, visit www.paychex.com/jobs-index.
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.
About Paychex
Paychex, Inc. (NASDAQ:PAYX) is a leading provider of integrated
human capital management solutions for payroll, HR, retirement, and
insurance services. By combining its innovative
software-as-a-service technology and mobility platform with
dedicated, personal service, Paychex empowers small- and
medium-sized business owners to focus on the growth and management
of their business. Backed by more than 40 years of industry
expertise, Paychex serves approximately 590,000 payroll clients
across 100 locations and pays one out of every 15 American private
sector employees. Learn more about Paychex by visiting
www.paychex.com, and stay connected on Twitter and LinkedIn.
About IHS (www.ihs.com)
IHS (NYSE:IHS) is the leading source of insight, analytics and
expertise in critical areas that shape today’s business landscape.
Businesses and governments in more than 150 countries around the
globe rely on the comprehensive content, expert independent
analysis and flexible delivery methods of IHS to make high-impact
decisions and develop strategies with speed and confidence. IHS has
been in business since 1959 and became a publicly traded company on
the New York Stock Exchange in 2005. Headquartered in Englewood,
Colorado, USA, IHS is committed to sustainable, profitable growth
and employs about 8,800 people in 32 countries around the
world.
IHS is a registered trademark of IHS Inc. All other company and
product names may be trademarks of their respective owners.
Copyright © 2015 IHS Inc. All rights reserved.
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version on businesswire.com: http://www.businesswire.com/news/home/20150923005435/en/
Media:Paychex, Inc.Lisa Fleming,
585-387-6402lfleming@paychex.com@PaychexNewsorIHSKate Smith,
781-301-9311Kate.smith@ihs.com
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