U.S. Small Business Wage Growth Remains Steady in February
Rochester, N.Y. (March 3, 2026) – According to the latest Paychex Small Business Employment Watch, the Small Business Jobs Index registered 98.77 in February. Meanwhile, hourly earnings growth among small business workers was 2.78% in February, remaining below three percent for the 16th consecutive month. The Small Business Employment Watch reflects the payroll data of a subset of Paychex U.S. small business clients with fewer than 50 employees.
Read the full news release on the Small Business Employment Watch site.
Tracy Volkmann
Tracy Volkmann began working at Paychex in July 2014 and currently manages public relations for the company. In this role, she is responsible leading the PR function, protecting the company's reputation, and driving positive earned media coverage for Paychex. Tracy is a graduate of St. Bonaventure University and started her career in collegiate athletic communications, having spent seven years at West Point.