Paychex IHS Markit Small Business Employment Watch: Wages Show Positive Momentum as Job Growth Continues to Moderate Amid Tightening Labor Market
According to the latest Paychex | IHS Markit Small Business Employment Watch, wage growth accelerated in April, while the pace of monthly small business job growth continued to tighten. The Small Business Jobs Index fell 0.12 percent for the month and is down 0.96 over the past year to 99.53. Hourly earnings grew $0.70 to $26.56, up 2.69 percent from last year. One-month annualized hourly earnings growth in April was 3.25 percent, reaching a two-year high.