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Paychex - IHS Markit Small Business Employment Watch: Small Business Job Growth Slows to End 2017; Hourly Earnings Average Increase of 2.85 Percent for the Year

January 02, 2018

small business employment watch

The Paychex | IHS Markit Small Business Employment Watch closed the year with a decline in small business job growth and wages up over the previous year. The Small Business Jobs Index stands at 99.70 in December, down 0.16 percent for the month and 0.78 percent for the year. At $26.14, hourly earnings in December gained 2.76 percent ($0.70) YOY and averaged a growth rate of 2.85 percent for 2017, up from the 2016 average of 2.75 percent.

Read the full news release.