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Small Business Hiring Remained Flat in February, While Wage Growth Increased

March 05, 2019

The Paychex | IHS Markit Small Business Employment Watch continued to reflect signs of the tight labor market. At 98.93, the Small Business Jobs Index was unchanged in February, remaining just below 99. Though the rate of job growth has stayed relatively consistent over the past three months, the national index is down 0.84 percent year-over-year. Hourly earnings growth improved once again from the previous month, up 2.50 percent ($0.66). One-month and three-month annualized growth rates for weekly hours worked were positive in February. As a result, weekly earnings growth also increased for the first time since last summer. 

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

Lisa Fleming
Manager, Public Relations
585-387-6402

Lisa Fleming

Lisa Fleming joined Paychex in 2006 and last year was promoted to the position of public relations manager. As part of her role, Lisa leads the department’s external communications efforts and manages the company’s relationship with its outside PR agency partner, Eric Mower & Associates. Lisa is a graduate of Canisius College in Buffalo, New York where she studied English and Communications.