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Small Business Hiring and Wage Growth Strength Continues; Growth Rates Moderate Slightly from Previous Month

July 05, 2022

Small Business Employment Watch June 2022

Small businesses continued to add jobs in June and worker wages continued to grow at a strong rate, but the pace of growth moderated slightly from previous month. These insights are according to the latest Paychex | IHS Markit Small Business Employment Watch. The Small Business Jobs Index for June was 100.81, up 2.32 percent from over a year ago and -0.06 percent from the previous month. Average hourly earnings growth for the month stood at 5.10 percent, compared to 5.16 percent from May 2022.  '

Read the full news release on the Small Business Employment Watch site.