Paychex | IHS Markit Small Business Jobs Index was essentially unchanged in August from July at 99.10; average hourly earnings growth was unchanged at 3.98%, below 4% for the second consecutive month

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ROCHESTER, New York , September 11, 2023 (press release) –

Hourly earnings growth is below four percent for the second-straight month

According to the Paychex | IHS Markit Small Business Employment Watch, the national Small Business Jobs Index — which measures the rate of small business job growth in the U.S. — is essentially flat at 99.10, a decrease of 0.04% in August. Meanwhile, an hourly earnings growth rate of 3.98% among U.S. small businesses is unchanged in August from July and below four percent for the second consecutive month.

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

Chris Muller
As director of corporate communications for Paychex, Chris Muller leads the team responsible for external communications, including media and public relations programs as well as client communications. Among his other responsibilities, Chris is a lead communicator in companywide initiatives, crisis and issues management, and social media. He joined Paychex in October 2011 in leadership roles in marketing, service, and operations after serving as the communications executive for a Fortune 1000 company. Chris is a graduate of the State University of New York at Fredonia.

Director, Corporate Communications


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