Hourly Wage Growth for Small Business Workers Continues to Cool, Consistent with Overall Inflation Trend
October 03, 2023
Jobs index indicates the tight labor market for small businesses continues
Rochester, N.Y. (October 3, 2023) – According to the Paychex | IHS Markit Small Business Employment Watch, hourly earnings growth has slowed to 3.79% in September 2023, a pace not seen since September 2021 (3.77%). The Small Business Jobs Index — which measures the rate of small business job growth in the U.S. — shows 98.89 in September, a -0.21% change from August.
Read the full news release on the Small Business Employment Watch site.