Paychex Small Business Jobs Index Shows Little Change in March and Levels Consistent with Last Several Quarters
April 01, 2025

Hourly earnings growth for workers remained flat at 2.91%
Rochester, N.Y. (April 1, 2025) — The Paychex Small Business Employment Watch, which includes the Paychex Small Business Jobs Index as a measure of employment growth among U.S. businesses with fewer than 50 employees, showed job growth continued at levels seen over the last several quarters at 99.75 in March. Meanwhile, Paychex wage data revealed the hourly earnings growth rate (2.91%) for workers in U.S. small businesses remained essentially unchanged in March from the previous month.
Read the full news release on the Small Business Employment Watch site.