Small business jobs index increases slightly driven by gains in the northeast and the construction industry
The latest Paychex | IHS Markit Small Business Employment Watch shows a slight increase in hiring from the previous month, rising 0.06% nationally and 0.36% in the Northeast. The national jobs index stands at 94.44, remaining in line with April's reading of 94.63. Small business wage growth slowed to 3.14% in September, while growth in weekly hours worked maintained a solid pace, up 0.65% from last year. Weekly earnings growth held steady at 3.86% in September.
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