Small Business Hiring and Worker Wages Hold Steady
November 29, 2022
Paychex data also reveals the growth in three-month annualized weekly hours worked has reached its highest level since March 2021
The rate of job growth and hourly earnings growth held relatively steady at U.S. small businesses in November, according to the latest Paychex | IHS Markit Small Business Employment Watch. The Small Business Jobs Index moderated slightly -0.05 percent from the previous month and stands at 99.38. At 5.04 percent, the pace of hourly earnings growth was unchanged over the previous month.
Read the full news release on the Small Business Employment Watch site.