Paychex - IHS Markit Small Business Employment Watch: Employment Growth Declines for the Third Month; Hourly Earnings Up

The Paychex | IHS Markit Small Business Employment Watch for May shows a continued decline in small business job growth, but an increase in wages for the fourth consecutive month. According to the report, the Small Business Jobs Index declined 0.16 percent in May to 100.34, a 0.25 percent decrease in growth year-over-year and its weakest three-month change since July 2009 (-0.44 percent).  National hourly earnings in May were $25.76, increasing 2.87 percent ($0.72) year-over-year.

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