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Paychex IHS Markit Small Business Employment Watch: Job Growth Tightens Among Small Businesses in March; Wage Growth Holds Steady

April 03, 2018

Small business employment growth declined slightly in March, while wage growth remained largely consistent, according to the latest Paychex | IHS Markit Small Business Employment Watch. Falling 0.12 percent to 99.65 in March, the Small Business Jobs Index has been below 100 for the past nine months and has slowed 1.07 percent since March 2017. Hourly earnings grew $0.69 in the past year to $26.48 for a 12-month wage growth of 2.66 percent, virtually unchanged from 2.67 percent YOY growth in FebruaryDue to continued increases in hours worked, weekly earnings growth is higher than hourly earnings growth at 2.90 percent.

To read the full news release, click here.

Lisa Fleming
Manager, Public Relations
585-387-6402

Lisa Fleming

Lisa Fleming joined Paychex in 2006 and last year was promoted to the position of public relations manager. As part of her role, Lisa leads the department’s external communications efforts and manages the company’s relationship with its outside PR agency partner, Eric Mower & Associates. Lisa is a graduate of Canisius College in Buffalo, New York where she studied English and Communications.