Paychex : 2019 Kicks Off with a Slight Increase in Small Business Hiring and Wage Growth
January 30, 2019 at 04:14 am IST
Share
The Paychex | IHS Markit Small Business Employment Watch shows a 0.04 increase in small business job growth and a 0.07 increase in hourly earnings growth for the month of January
The Paychex | IHS Markit Small Business Employment Watch started the new year with slight gains in small business job and hourly earnings growth. The Small Business Jobs Index increased 0.04 percent in January to 98.92, though it remains down 0.96 year-over-year. At 2.49 percent ($0.65) in January, hourly earnings growth has improved each month since August with wages now standing at $26.88. Weekly earnings growth, however, has slipped below two percent as weekly hours worked have declined.
Read the full news release on the Small Business Employment Watch site.
Attachments
Original document
Permalink
Disclaimer
Paychex Inc. published this content on 29 January 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 29 January 2019 22:43:06 UTC
Paychex, Inc. specializes in the development of integrated management software packages (ERP). The group also offers outsourcing services for small and mid-size companies. Net sales break down by activity sector as follows:
- payroll and human resources management solutions (74.5%): management solutions for payroll, internal accounting data, taxes, employee benefits, pensions, etc.;
- HR management solutions for professional employer organizations (23.5%): health insurance management, risk management and risk management, employee assistance schemes, etc.;
- fund management (2%).
All sales are in the United States.
PAYCHEX, INC. 
