Small Business Jobs Index Dips in June, Rate of Wage Growth Continues to Moderate
July 05, 2023
![Small business hiring slowed modestly in June, while national hourly earnings decelerated.](/sites/default/files/styles/medium_hq/public/image/2023-07/HERO-small-business-employment-watch-june-2023.jpg?itok=FJPhErlw)
Leisure and hospitality sector continues to struggle to hire back to pre-pandemic levels
Rochester, N.Y. (July 5, 2022) – The rate of small business hiring slowed modestly in June as the hourly earnings growth across the U.S. decelerated to 4.02% from 4.24% in May, according to the Paychex | IHS Markit Small Business Employment Watch. The national Small Business Jobs Index — which measures the rate of small business job growth in the U.S. — registered 99.21 in June, virtually unchanged so far in 2023.
Read the full news release on the Small Business Employment Watch site.