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Politics : Formerly About Advanced Micro Devices

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Paychex | IHS Markit Small Business Employment Watch: Jobs and Wage Growth Slow in June

PRESS RELEASE PR Newswire
Jul. 3, 2018, 07:10 AM

ROCHESTER, N.Y., July 3, 2018 /PRNewswire/ -- The Paychex | IHS Markit Small Business Employment Watch for June shows declines in the rates of small business jobs and wage growth. Following a small increase in May, the Small Business Jobs Index dipped in June to 99.40, marking a 0.69 percent decrease year-over-year and 12 consecutive months under 100. The pace of annual wage growth moderated, falling to 2.47 percent ($0.64) in June. It is the first time since early 2016 that wage growth has been below 2.50 percent. Weekly earnings growth also slowed slightly to 2.73 percent, while weekly hours worked increased 0.20 percent year-over-year.

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