Small Business Wage Growth Hits New High, Job Growth Consistent in November

The Paychex | IHS Markit Small Business Employment Watch shows hourly earnings growth at its highest level since 2011

The tight labor market continues to positively impact wage growth, according to the latest Paychex | IHS Markit Small Business Employment Watch. Hourly earnings grew 3.11 percent among employees of small businesses, the highest level since reporting began in 2011. Weekly earnings continue to grow, accelerating 3.75 percent in November. Essentially unchanged from the previous month, the national jobs index moderated 0.03 percent, remaining above 98.

Read the full news release on the Small Business Employment Watch site.