Paychex IHS Markit Small Business Employment Watch: Jobs and Wage Growth Slow in June

The Paychex | IHS Markit Small Business Employment Watch for June shows declines in the rates of small business jobs and wage growth. Following a small increase in May, the Small Business Jobs Index dipped in June to 99.40, marking a 0.69 percent decrease year-over-year and 12 consecutive months under 100. The pace of annual wage growth moderated, falling to 2.47 percent ($0.64) in June. It is the first time since early 2016 that wage growth has been below 2.50 percent.

Read the full news release on the Small Business Employment Watch site.