Small business job growth declined in May following three months of strong gains, according to a new report.
The Paychex IHS Small Business Index declined this month to 100.59, down 0.18 percent from April. A reading above 100 indicates growth.
"Given the steady results of the past several months, it appears small businesses were not able to maintain the same level of employment growth in May," Martin Mucci, president and CEO of Paychex, said in a statement.
For the year, small business employment growth remains positive. The index is up 0.22 percent in the first five months of 2016 versus the same period last year.