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Weekly Earnings Growth Continues to Increase as Jobs Growth Holds Steady

February 04, 2020

small business employment watch February

The latest Paychex | IHS Markit Small Business Employment Watch reflects a continuation of the tight labor market to start 2020. Weekly earnings growth improved for the 13th consecutive month, reaching 3.59 percent in January. Weekly hours worked were up 0.83 percent from last year, contributing to the growth in weekly earnings. The pace of small business employment growth remains consistent, with the national jobs index increasing slightly (0.01 percent) in January to 98.18.

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