Paychex - IHS Markit Small Business Employment Watch: Small Business Employment Growth Remains Moderate, Wage Growth Continues at a Solid Pace

The Paychex | IHS Markit Small Business Employment Watch shows a slight slowdown in small business job growth in September, while wages continue at a solid pace of growth. The Small Business Jobs Index stands at 99.93, down 0.03 percent from the previous month. The national index has remained relatively flat since June. At $26.03 in September, hourly earnings gained 2.96 percent ($0.75) from a year ago, equal to the pace set in August and slightly below July’s 2.99 percent growth rate.

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