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Following December Decline, Small Business Employment Growth Holds Steady in January

February 02, 2021

Paychex IHS Small Business Employment Watch Screenshot

The latest Paychex | IHS Markit Business Employment Watch report is out. The January numbers show the national Small Business Jobs Index held relatively stable from the previous month, moderating slightly to 94.00 or 0.07 percent. Both the growth in earnings and hours worked are trending higher to begin the year following a six-month slowdown. Hourly earnings growth increased to 2.68 percent. Weekly earnings growth also increased to 2.84 percent as weekly hours worked rose 0.17 percent.

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