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2019 Kicks Off with a Slight Increase in Small Business Hiring and Wage Growth

January 29, 2019
Computer screen showing small business employment watch

The Paychex | IHS Markit Small Business Employment Watch shows a 0.04 increase in small business job growth and a 0.07 increase in hourly earnings growth for the month of January

The Paychex | IHS Markit Small Business Employment Watch started the new year with slight gains in small business job and hourly earnings growth. The Small Business Jobs Index increased 0.04 percent in January to 98.92, though it remains down 0.96 year-over-year. At 2.49 percent ($0.65) in January, hourly earnings growth has improved each month since August with wages now standing at $26.88. Weekly earnings growth, however, has slipped below two percent as weekly hours worked have declined.

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