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Stock impact report

Hourly Earnings Growth for U.S. Small Business Workers Increases and Job Growth Slows Amid Tight Job Market

Paychex, Inc. (PAYX) 
Last paychex, inc. earnings: 3/25 08:15 am Check Earnings Report
US:NASDAQ Investor Relations: investor.paychex.com
Company Research Source: Business Wire
ROCHESTER, N.Y.--(BUSINESS WIRE)--According to the Paychex Small Business Employment Watch, hourly earnings growth increased slightly to 3.34%, ending a nearly two-year trend of deceleration, and job growth slowed in April. U.S. small businesses with fewer than 50 employees continued to add jobs but at a slower pace with the Small Business Jobs Index standing at 100.12. The growth in weekly hours worked for employees also slowed for the 13th consecutive month, down -0.41% in April.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240430349010/en/Small businesses continued to add jobs in April but at a slower pace. Meanwhile, hourly earnings ticked up to 3.34% for the month, ending a nearly two-year trend of deceleration. (Graphic: Business Wire)“Our jobs index remains over 100, indicating continued year-over-year employment growth, yet the pace of growth has slowed,” said John Gibson, Paychex president and CEO. “Demand for Show less Read more
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