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Small Business Jobs Index Dips in June, Rate of Wage Growth Continues to Moderate

July 05, 2023

Small business hiring slowed modestly in June, while national hourly earnings decelerated.
Leisure and hospitality sector continues to struggle to hire back to pre-pandemic levels

Rochester, N.Y. (July 5, 2022) – The rate of small business hiring slowed modestly in June as the hourly earnings growth across the U.S. decelerated to 4.02% from 4.24% in May, according to the Paychex | IHS Markit Small Business Employment Watch. The national Small Business Jobs Index — which measures the rate of small business job growth in the U.S. — registered 99.21 in June, virtually unchanged so far in 2023.

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

Chris Muller

Chris Muller

As director of corporate communications for Paychex, Chris Muller leads the team responsible for external communications, including media and public relations programs as well as client communications. Among his other responsibilities, Chris is a lead communicator in companywide initiatives, crisis and issues management, and social media. He joined Paychex in October 2011 in leadership roles in marketing, service, and operations after serving as the communications executive for a Fortune 1000 company. Chris is a graduate of the State University of New York at Fredonia.

Director, Corporate Communications