Hourly Wage Growth Increased for the Third Month in a Row While Job Growth Slowed Slightly in November
The Paychex | IHS Markit Small Business Employment Watch for November shows that the tight labor market continues to make for challenging hiring conditions. The Small Business Jobs Index declined for the sixth consecutive month, falling 0.11 percent from October to 99.01 in November. Despite the low rate of job growth, the rate of hourly wage growth increased slightly, now standing at 2.38 percent ($0.63).
Read the full news release on the Small Business Employment Watch site.