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Paychex - IHS Markit Small Business Employment Watch: Small Business Employment and Wage Growth Show Little Change in October

October 31, 2017

The Paychex | IHS Markit Small Business Employment Watch shows a slight slowdown in small business job growth, with wage growth also showing a small decline over the past month. The Small Business Jobs Index stands at 99.89, moderating 0.04 percent from the previous month. After reaching a milestone three percent growth rate in August, hourly earnings growth has slowed slightly in the past two months. Hourly earnings in October were $26.07, a gain of 2.91 percent ($0.74) year-over year.

 

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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.