Paychex | IHS Markit Small Business Jobs Index registered 98.59 in November, a decrease of 0.18% from October; hourly earnings growth slowed to 3.48%, below 3.50% for the first time since July 2021

Sample article from our Housing & Economy

ROCHESTER, New York , December 5, 2023 (press release) –

Rochester, N.Y. (Dec. 5, 2023) — The rate of hourly earnings growth for workers at U.S. small businesses has slowed 17 of the past 18 months to 3.48% in November, falling below 3.50% for the first time since July 2021, according to the Paychex Small Business Employment Watch. Hiring at small businesses across the U.S. remains stable but continues to slow from the rate of growth seen at the start of 2023.

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