Skip to main content Skip to footer site map

Small Business Job Growth Slows in July; Hourly Earnings Growth Moderates Slightly

August 02, 2022

Paychex Small Business Employment Watch July 2022

Hiring at U.S. small businesses slowed for the fifth consecutive month, according to the latest Paychex | IHS Markit Small Business Employment Watch. The Small Business Jobs Index moderated -0.66 percent from the previous month and stands at 100.14. The pace of wage increases slowed slightly from the previous month, with average hourly earnings growth at 5.08 percent compared to 5.13 percent in June 2022.  

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