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Hourly Earnings Growth Slows in September

October 04, 2022

Paychex Small Business Employment Watch September 2022

Hourly earnings growth for workers of U.S. small businesses slowed in September, according to the latest Paychex | IHS Markit Small Business Employment Watch. Hourly earnings growth stood at 4.98 percent in September, falling below 5 percent for the first time since April. The Small Business Job Index, which measures the rate of small business job growth, also slowed slightly from the previous month, down -0.19 percent to 99.75.  

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