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Job Growth Holds Steady, Hourly Earnings Growth Up in September

October 02, 2018

The Paychex | IHS Markit Small Business Employment Watch for September shows the tight labor market continues to restrain job growth, while hourly earnings wage growth and weekly hours worked saw modest increases. At 99.18, the Small Business Jobs Index is consistent with last month’s level, but slowed 0.23 percent during the past quarter, and 0.75 since this time last year. The rate of hourly earnings growth in September stands at 2.33 percent ($0.61), increasing for the first time in more than a year. At 2.65 percent, weekly earnings growth has slowed during the past year. However, weekly hours worked are up year-over-year for the 22nd consecutive month.

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.