Hourly Earnings Growth Continues to Moderate

The pace of hourly earnings growth for U.S. small business workers moderated for the second consecutive month to 5.01 percent, according to the latest Paychex | IHS Markit Small Business Employment Watch. One-month annualized hourly earnings growth stands below four percent. The Small Business Jobs Index, which measures the rate of small business job growth, slowed 0.32 percent in October to 99.43. 

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