Skip to main content Skip to footer site map

Small Business Wage Growth Gains Momentum, Job Growth Holds Steady in October

October 29, 2019

Computer screen showing small business employment watch

Paychex | IHS Markit Small Business Employment Watch shows small business hourly earnings growth hit 3.00 percent in October

The tight labor market positively impacted wage growth in October, according to the latest Paychex | IHS Markit Small Business Employment Watch. Hourly earnings are on the rise, reaching 3.00 percent ($0.80) growth in October. Additionally, after hovering just above two percent to start the year, weekly earnings growth has quickly improved to 3.36 percent as month-to-month gains grow larger. At 98.14, the national jobs index remains essentially the same as last month (98.22).

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