Small Business Wage Growth Gains Momentum, Job Growth Holds Steady in October

Paychex | IHS Markit Small Business Employment Watch muestra que el crecimiento del ingreso por hora en las pequeñas empresas llegó a 3 % en octubre

The tight labor market positively impacted wage growth in October, according to the latest Paychex | IHS Markit Small Business Employment Watch. Hourly earnings are on the rise, reaching 3.00 percent ($0.80) growth in October. Additionally, after hovering just above two percent to start the year, weekly earnings growth has quickly improved to 3.36 percent as month-to-month gains grow larger. At 98.14, the national jobs index remains essentially the same as last month (98.22).

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