Top states for small business growth
1. Tennessee2. Florida3. Georgia4. Washington5. VirginiaSource: Paychex/IHS Markit Small Business Employment Watch
Top metro areas for job growth
Among the 355 metropolitan cities, six of the top 50 cities for job growth are in Tennessee. The top Tennessee cities and their rank among all U.S. metro areas are:7. Cleveland, Tenn8. Nashville19. Morristown28. Knoxville29. Johnson City33. ClarksvilleSource: Chattanooga ranked 63rd among the 355 metro areas for job growth
Tennessee continues as the No. 1 state for job growth among small businesses, according to data collected by the nation’s biggest payroll provider.
But Paychex’s latest monthly review of small business staffing also indicates the pace of hiring nationwide appears to be slowing following the employment spurt after the November election.
“The increased pace of small business employment growth that we saw following the election of President [Donald]Trump has slowed,” said Paychex President Martin Mucci. “Small business owners now seem to be taking a more wait-and-see approach to hiring. Despite that, wages continue to rise, which is certainly good news for workers.”