(NASDAQ:PAYX) ROCHESTER, N.Y.--(BUSINESS WIRE)---- $PAYX #employmenttrends--According to the Paychex Small Business Employment Watch for August, job growth among U.S. small businesses with fewer than 50 employees remained flat, consistent with trends observed for the last year, while national hourly earnings growth for workers reached its lowest level since December 2020 at 2.58%, continuing to trend below three percent for the 10th consecutive month. The Small Business Jobs Index, which is a primary component of the Small Business Emp
Related Questions
How will the slowdown in hourly wage growth among small business workers affect Paychex's revenue outlook and valuation?
What does the flat job growth at small businesses indicate for broader employment trends and potential monetary policy actions?
How does this wage growth data compare with larger employers and competitors in the payroll/HR services sector, and what are the implications for market share?