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Small Businesses Slow Hiring

Small Businesses Slow Hiring Featured

The Paychex | IHS Markit Small Business Employment Watch closed the year with a decline in small business job growth and wages up over the previous year. At 99.70 in December, the Paychex | IHS Market Small Business Jobs Index has fallen a full percentage point from its February level, 100.78.After moderating just below 100 for several months, the national index dropped more in December (0.16 percent) than the past four months combined (0.12 percent).Slowing slightly to 2.76 percent annual growth in December, hourly earnings averaged 2.85 percent in 2017, a slight increase from 2.75 percent in 2016.At 3.14 percent, weekly earnings annual growth remains strong, but decelerated month-over-month for the first time in several years.
Last modified on Tuesday, 02 January 2018 23:25