U.S. Small Business Job and Wage Growth Remain Steady
Hourly earnings growth for workers at U.S. companies with fewer than 50 employees continued a steady deceleration that began in mid-2022, ending March at 3.27% growth year-over-year.
- Hourly earnings growth for workers at U.S. companies with fewer than 50 employees continued a steady deceleration that began in mid-2022, ending March at 3.27% growth year-over-year.
- View the full release here: https://www.businesswire.com/news/home/20240403444503/en/
The Paychex Small Business Employment Watch showed the first increase in small business job growth in three months in March. - “We’ve also seen that offering affordable benefits like healthcare insurance and retirement plans can help business owners compete for talent.”
Jobs Index and Wage Data Highlights:
With a national jobs index of 100.85 in March, the pace of small business job growth increased for the first time in 2024. - The Midwest overtook the South as the top-ranked region with four of the top five states for small business job growth being in the Midwest.