U.S. Small Business Job and Wage Growth Remain Steady
April 03, 2024
![Job growth and hourly earnings growth remained steady in America's small businesses for March.](/sites/default/files/styles/medium_hq/public/image/2024-04/newsroom-employment-watch-march.jpg?itok=n8m6_vcR)
The March Paychex Small Business Employment Watch reflected steady growth in jobs and wages for America's small businesses.
Rochester, N.Y. (April 3, 2024) — According to the Paychex Small Business Employment Watch, the Small Business Jobs Index grew 0.18 percentage points in March to 100.85 – the first increase year-to-date – but remained below pre-pandemic levels for the first three months of 2024. Hourly earnings growth for workers at U.S. companies with fewer than 50 employees continued a steady deceleration that began in mid-2022, ending March at 3.27% growth year-over-year.
Read the full news release on the Small Business Employment Watch site.