Paychex - IHS Markit Small Business Employment Watch: Small Business Employment and Wage Growth Show Little Change in October

The Paychex | IHS Markit Small Business Employment Watch shows a slight slowdown in small business job growth, with wage growth also showing a small decline over the past month. The Small Business Jobs Index stands at 99.89, moderating 0.04 percent from the previous month. After reaching a milestone three percent growth rate in August, hourly earnings growth has slowed slightly in the past two months. Hourly earnings in October were $26.07, a gain of 2.91 percent ($0.74) year-over year.

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