U.S. Small Business Job Growth Remains Largely Unchanged in May

Rochester, N.Y. (June 3, 2025) — In May, job growth in U.S. small businesses remained largely unchanged from April, according to Paychex Small Business Employment Watch. The Small Business Jobs Index, which is a primary component of Paychex’s monthly employment report for businesses with fewer than 50 employees, has continued to show steady, flat employment growth throughout 2025. Meanwhile, hourly earnings growth for U.S. small business workers reached a four-year low at 2.77% in May.

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