Employees of Small Businesses Stand to Benefit from the Positive Trend in Both Wages and Hours Worked in 2021
New report by Paychex and IHS Markit shows that while hiring remained flat last month, 15 of the 20 states analyzed saw positive growth in weekly hours worked
News provided by
Share this article
Share this article
ROCHESTER, N.Y., March 2, 2021 /PRNewswire/ The latest Paychex | IHS Markit Business Employment Watch shows that small business hiring held mostly steady in February. The Small Business Jobs Index moderated -0.03 percent to 93.97. Wages are trending in a positive direction to begin 2021. Both hourly earnings and weekly hours worked had two consecutive months of growth. Hourly earnings growth increased to 2.91 percent, and hours worked growth improved 0.37 percent. Weekly earnings growth also rose above three percent for the first time since September 2020.
Press release content from PR Newswire. The AP news staff was not involved in its creation.
Following December Decline, Small Business Employment Growth Holds Steady in January
February 2, 2021 GMT
ROCHESTER, N.Y., Feb. 2, 2021 /PRNewswire/ The latest Paychex | IHS Markit Business Employment Watch report is out. The January numbers show the national Small Business Jobs Index held relatively stable from the previous month, moderating slightly to 94.00 or 0.07 percent. Both the growth in earnings and hours worked are trending higher to begin the year following a six-month slowdown. Hourly earnings growth increased to 2.68 percent. Weekly earnings growth also increased to 2.84 percent as weekly hours worked rose 0.17 percent.
Small business payrolls improved in January accountingtoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from accountingtoday.com Daily Mail and Mail on Sunday newspapers.