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Small Business Job Growth Slows to End 2018; Hourly Earnings Growth Increases

January 02, 2019

Computer screen showing small business employment watch

The Paychex | IHS Markit Small Business Employment Watch closed the year with a decline in small business job growth and continued, moderate growth in hourly earnings. The Small Business Jobs Index stands at 98.88 in December, down 0.13 percent for the month and 0.82 percent for the year. At $26.95, hourly earnings in December gained 2.42 percent ($0.64) year-over-year and averaged a growth rate of 2.49 percent for 2018.

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