US Small Business Resumes Growth in May

Employment growth among U.S. small businesses resumed last month after breaking a three-month streak of gains in May.

The Paychex IHS Small Business Jobs Index advanced 0.21 percent to 100.81 in June from the previous month, marking the best reading yet this year. A measurement above 100 indicates growth.

The index increased 0.44 percent in the first six months of the year, despite a one-month dip in the second quarter. Small-business job growth slipped 0.18 percent in May.

The index is now up 0.18 percent year over year after trending flat to negative for the last 18 months.

“While we’ve seen a lot of movement in the index over the past couple of months, I think it’s important to focus on the long-term trend: sustained, moderate growth,” Martin Mucci, president and CEO of Paychex, said in a statement.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza