$PAYX #employmenttrends--According to the Paychex Small Business Employment Watch, the pace of job growth in U.S. small businesses with fewer than 50 employees remained slightly below 100 in January, ...
Hourly wage growth for workers starts the new year below three percent for first time since 2021
ROCHESTER, N.Y.: $PAYX #employmenttrends--According to the Paychex Small Business Employment Watch, the pace of job growth in U.S. small businesses with fewer than 50 employees remained slightly below 100 in January, consistent with the last six months of 2024. Meanwhile, hourly earnings growth for workers decelerated to 2.87% in January, marking its first time starting the year below three percent since 2021.
“Small businesses successfully navigated an evolving economic landscape, challenging labor market, and an election in 2024,” said John Gibson, Paychex president and CEO. “Last year delivered moderate job growth and continued moderation in wage inflation. Entering 2025, small business owners are more optimistic, but as of January that optimism hasn’t translated into accelerated job growth when compared to the last quarter of 2024.”
“With cooling wage inflation and increased optimism, the labor environment should position small businesses for continued moderate job growth in the new year,” Gibson added.
Jobs Index and Wage Data Highlights
More Information
For more information about the Paychex Small Business Employment Watch, visit the website and sign up to receive monthly Employment Watch alerts.
*Information regarding the professions included in the industry data can be found at the Bureau of Labor Statistics website.
About the Paychex Small Business Employment Watch
The Paychex Small Business Employment Watch is released each month by Paychex, Inc. Focused exclusively on businesses with fewer than 50 workers, the monthly report offers analysis of national employment and wage trends and examines regional, state, metro, and industry sector activity. Drawing from the payroll data of approximately 350,000 Paychex clients, this powerful industry benchmark delivers real-time insights into the small business trends driving the U.S. economy. The jobs index is scaled to 100, which represents no year-over-year change in job growth among same store businesses. Index values above 100 represent new jobs being added, while values below 100 represent jobs being lost.
About Paychex
Paychex, Inc. (Nasdaq: PAYX) is an industry-leading HCM company delivering a full suite of technology and advisory services in human resources, employee benefit solutions, insurance, and payroll. The company serves more than 745,000 customers in the U.S. and Europe and pays one out of every 12 American private sector employees. The more than 16,000 people at Paychex are committed to helping businesses succeed and building thriving communities where they work and live. To learn more, visit paychex.com.
Fonte: Business Wire
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