Small Business Hiring and Wage Growth Hold Steady in May
The Paychex | IHS Markit Small Business Employment Watch shows small business job growth remained consistent; Hourly earnings growth is slightly above the 2018 average
The Paychex | IHS Markit Small Business Employment Watch for May shows job and wage growth were essentially unchanged from the previous month. The national jobs index stands at 98.76 and has been relatively stable throughout 2019. Hourly earnings have increased 2.53 percent ($0.67) over the past 12 months, remaining slightly ahead of the 2018 average growth rate (2.49 percent).
Read the full news release on the Small Business Employment Watch site.