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Key Indicators of Small Business Employment Show Stability Amid Recent Surge in COVID-19 Cases Across the U.S.

December 01, 2020

Paychex IHS Small Business Employment Watch Screenshot
The report by Paychex and IHS Markit shows slight moderations in national job growth, weekly hours worked, and percentage of annual wage growth

The latest IHS Markit Small Business Employment Watch shows that small business hiring remained largely consistent with the prior month, moderating slightly, down 0.03 percent nationally to 94.29. In November, hourly earnings growth stood at 2.76 percent, while weekly hours worked showed a decrease of 0.04 percent year over year.

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