Paychex | IHS Markit Small Business Jobs Index decreased slightly in June from May, down 0.06% to 100.81 as businesses continued to add jobs and wages continued to grow at a strong rate; average hourly earnings growth was 5.10% compared to 5.16% in May

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ROCHESTER, New York , July 6, 2022 (press release) –

Small businesses continued to add jobs in June and worker wages continued to grow at a strong rate, but the pace of growth moderated slightly from previous month. These insights are according to the latest Paychex | IHS Markit Small Business Employment Watch. The Small Business Jobs Index for June was 100.81, up 2.32 percent from over a year ago and -0.06 percent from the previous month. Average hourly earnings growth for the month stood at 5.10 percent, compared to 5.16 percent from May 2022.  '

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

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.

Manager, Public Relations
585-387-6402
lfleming@paychex.com

Industry Intelligence Editor's Note: This press release omits select charts and/or marketing language for editorial clarity. Click here to view the full report.

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