Skip to main content Skip to footer site map

Increase in COVID-19 Cases Spur Decline in Small Business Jobs and Wage Growth

January 08, 2021

Paychex IHS Small Business Employment Watch Screenshot

The latest Paychex | IHS Markit Small Business Employment Watch benchmark report reveals the effect of increasing COVID-19 cases on small businesses in the U.S. The Jobs Index shows a slowing of 0.24 percent in December to 94.06, a decrease of 4.18 percent from the year prior. A decline in weekly hours worked and hourly earnings growth decelerating to 2.63 percent brought national weekly earnings growth to 2.42 percent.

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