1. Paychex Sees Slight Decline in Small Business Job Growth in September

    Paychex Sees Slight Decline in Small Business Job Growth in September

    Small business job growth slowed slightly in September but is still up from a year ago, according to a new report from Paychex. The Paychex | IHS Small Business Jobs Index, which the payroll giant produces in partnership with the research firm IHS, found that small business job growth slowed 0.18 percent in September, from 100.70 in August to 100.52 in September. Though the index is currently at its lowest level this year, it’s still 0.08 percent higher than a year ago.

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    1. It's still continued positive improvement in job growth.
    2. The South Atlantic, Middle Atlantic and East South Central are all having the highest job growth rates.
    3. The construction segment is still OK.
    4. With lower gas prices people are spending more money on personal services, and that's what's picking that group up the most.
    5. We are still seeing states that increase minimum wage have an index that's about half a percent lower than the national index.
    6. It is being challenged with various lawsuits here and there, but so far it looks like it's going into effect.
    7. The other thing we're seeing is more enforcement around worker misclassifications, whether a worker is an employee or an independent contractor.
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