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Small Business Hiring and Worker Wages Hold Steady

November 29, 2022
 

Paychex Small Business Employment Watch November 2022
Paychex data also reveals the growth in three-month annualized weekly hours worked has reached its highest level since March 2021

The rate of job growth and hourly earnings growth held relatively steady at U.S. small businesses in November, according to the latest Paychex | IHS Markit Small Business Employment Watch. The Small Business Jobs Index moderated slightly -0.05 percent from the previous month and stands at 99.38. At 5.04 percent, the pace of hourly earnings growth was unchanged over the previous month.

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

Chris Muller

Chris Muller

As director of corporate communications for Paychex, Chris Muller leads the team responsible for external communications, including media and public relations programs as well as client communications. Among his other responsibilities, Chris is a lead communicator in companywide initiatives, crisis and issues management, and social media. He joined Paychex in October 2011 in leadership roles in marketing, service, and operations after serving as the communications executive for a Fortune 1000 company. Chris is a graduate of the State University of New York at Fredonia.

Director, Corporate Communications