{"id":905143,"date":"2025-11-04T13:13:14","date_gmt":"2025-11-04T18:13:14","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/u-s-small-business-employment-growth-remains-consistent-as-weekly-hours-worked-reach-near-decade-high\/"},"modified":"2025-11-04T13:13:14","modified_gmt":"2025-11-04T18:13:14","slug":"u-s-small-business-employment-growth-remains-consistent-as-weekly-hours-worked-reach-near-decade-high","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/u-s-small-business-employment-growth-remains-consistent-as-weekly-hours-worked-reach-near-decade-high\/","title":{"rendered":"U.S. Small Business Employment Growth Remains Consistent as Weekly Hours Worked Reach Near-Decade High"},"content":{"rendered":"

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U.S. Small Business Employment Growth Remains Consistent as Weekly Hours Worked Reach Near-Decade High<\/b><\/p>\n

Hourly wage growth remains below three percent for 15th consecutive month<\/i><\/p>\n

ROCHESTER, N.Y.–(BUSINESS WIRE<\/a>)–
\nAccording to the latest Paychex Small Business Employment Watch<\/a>, which is based on the payroll data of Paychex\u2019s customers with fewer than 50 employees, small business employment levels remained consistent in October. The report\u2019s Small Business Jobs Index has moved less than one percentage point over the last year, indicating continued moderation in small business hiring. While hourly earnings growth for U.S. small business workers slowed marginally to 2.58%, remaining below three percent for the last 15 months, small business employees experienced an increase in their weekly earnings due to greater hours worked during the month.\n<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20251104947354\/en\/<\/a><\/p>\n

\"Hourly<\/p>\n

Hourly earnings growth for workers in U.S. businesses with fewer than 50 employees remained below three percent for the 15th consecutive month in October, according to the Paychex Small Business Employment Watch.<\/p>\n<\/div>\n

\n\u201cThe small business labor market remains stable among firms with less than 50 employees,\u201d said John Gibson<\/a>, Paychex president and CEO. \u201cWe are also observing an emerging trend of employers increasingly relying on their existing talent working more hours. Weekly hours worked rose across all regions in October. This marks the second consecutive month one-month annualized growth was above three percent, something not seen in nearly 10 years. We continue to hear from small business owners that the supply of qualified labor remains an ongoing challenge and is leading them to look for ways to get more out of their existing workforce.\u201d\n<\/p>\n

Jobs Index and Wage Data Highlights<\/b><\/p>\n