Hourly Earnings Growth Falls Below Three Percent as Job Growth Remains Steady for U.S. Small Businesses
Rochester, N.Y. (September 3, 2024) – The Paychex Small Business Employment Watch for August, which reflects U.S. small businesses with fewer than 50 employees, reported hourly earnings growth for workers dropped to 2.89%. This marks the first time growth has been under three percent since January 2021. In addition, the one-month annualized hourly earnings growth dropped to 1.91%. The national small business jobs index has averaged 100.37 through eight months of 2024, representing modest employment growth.
Lea el comunicado de prensa completo en el sitio de Small Business Employment Watch.
Editor's note: Hourly earnings growth in August marked the first month below three percent since June 2021, not January 2021 as previously stated.
Tracy Volkmann
Tracy Volkmann comenzó a trabajar en Paychex en julio de 2014 y actualmente administra las relaciones públicas de la empresa. En este cargo, es responsable de liderar la función de relaciones públicas, proteger la reputación de la empresa e impulsar una cobertura positiva de medios obtenidos para Paychex. Tracy pasó siete años en West Point: se graduó de la Universidad de San Buenaventura y comenzó su carrera en comunicaciones de deporte universitario.