U.S. Small Business Employment Sees Modest Uptick in November
December 02, 2025
Jobs index gains ground while hourly wage growth remains steady
Rochester, N.Y. (December 2, 2025) – According to the latest Paychex Small Business Employment Watch, which is based on the payroll data of Paychex’s customers with fewer than 50 employees, the small business employment growth rate edged higher in November. The report's Small Business Jobs Index rose to 99.38, up 0.11 percentage points from October, while hourly earnings growth increased marginally to 2.66%, demonstrating consistency across the small business sector.
Read the full news release on the Small Business Employment Watch site.