Hourly wage growth for small business workers continues to cool, consistent with overall inflation trend

Rochester, n.y.--(business wire)---- $payx #employmenttrends--according to the paychex | ihs markit small business employment watch, hourly earnings growth has slowed to 3.79% in september 2023, a pace not seen since september 2021 (3.77%). the small business jobs index — which measures the rate of small business job growth in the u.s. — shows 98.89 in september, a -0.21% change from august. “wage inflation continues to cool, and the jobs index dips below 99 for september,” said james diffley, chief regional economist, s&.
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