U.s. small business job growth shows positive gains, while wage inflation decelerates

Rochester, n.y.--(business wire)---- $payx #employmenttrends--according to the paychex small business employment watch, the small business jobs index rose 0.46 percentage points to 100.58 in may, the largest one-month increase since january 2022. at the same time, hourly earnings growth slowed to 3.13%, its lowest level since june 2021, for workers in u.s. small businesses with fewer than 50 employees. the report also indicated that weekly earnings growth was above three percent (3.09%) for the first time since january 20.
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