Pace of U.S. Small Business Employment Remains Consistent in March
Rochester, N.Y. (March 31, 2026) – Employment and wage growth among U.S. small businesses remained stable from February to March, according to the latest Paychex Small Business Employment Watch, which reflects the payroll data of a subset of Paychex U.S. small business clients with fewer than 50 employees. TheSmall Business Jobs Index ticked up 0.04 percentage points from February to 98.81 in March, while hourly earnings growth for workers remained below three percent for the 17th consecutive month in March at 2.66%.
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.