U.S. Small Business Hourly Earnings Growth Continues to Slow in April
May 02, 2023
Small business job growth remains above pre-pandemic levels
Small business hourly earnings growth over the past 12 months declined again in April to 4.52 percent, according to the Paychex | IHS Markit Small Business Employment Watch. After increasing every month in 2023, the Small Business Jobs Index, which measures the change in national employment growth for businesses with less than 50 employees, declined slightly by 0.24 percent from March and now stands at 99.49 in April.
Read the full news release on the Small Business Employment Watch site.