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Employees of Small Businesses Stand to Benefit from the Positive Trend in Both Wages and Hours Worked in 2021

March 02, 2021

Paychex IHS Small Business Employment Watch Screenshot

The latest Paychex | IHS Markit Business Employment Watch shows that small business hiring held mostly steady in February. The Small Business Jobs Index moderated -0.03 percent to 93.97. Wages are trending in a positive direction to begin 2021. Both hourly earnings and weekly hours worked had two consecutive months of growth. Hourly earnings growth increased to 2.91 percent, and hours worked growth improved 0.37 percent. Weekly earnings growth also rose above three percent for the first time since September 2020.

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