Following April Surge, Small Business Job Growth Holds Pace in May
The rate of job growth was largely unchanged in May, according to aggregated payroll data of approximately 350,000 clients provided by Paychex. The data released in the May report of the Paychex | IHS Markit Small Business Employment Watch shows the Small Business Jobs Index moderated slightly, slowing 0.07 percent month over month. Hourly and weekly earnings growth fell below three percent in May, driven by part-time workers with lower wages returning to the workforce.
Read the full news release on the Small Business Employment Watch site.