Payroll service provider Paychex has teamed up with the research firm IHS to produce a new Small Business Jobs Index, which shows the Mountain region of the country leading the way in employment gains among small businesses.

The index is based on aggregated data from approximately 350,000 small businesses with fewer than 50 workers across the U.S. to provide insight into national, regional, state and metropolitan-area employment activity. The data for the index comes from a subset of the Paychex client base. The Paychex | IHS Small Business Jobs Index reached a peak of 101.15 last month and showed consistent gains in small business employment since October. Year-over-year gains of 0.33 percent in March represented the largest since May 2013.

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