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Stock impact report

Small-business hiring falls to lowest level in over 7 years [CNBC]

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: CNBC
show chapters Small-business hiring in March fell to the lowest point in over seven years, while hourly earnings grew steadily, a report from human resources firm Paychex said Tuesday. The Small Business Jobs Index decreased 0.12 percent from last month and 1.07 percent from a year earlier. Small-business wages continued to rise, reaching a 2.66 percent (69 cents per hour) annual growth rate in March, Paychex said. (Source: Paychex) Small business job growth slowed slightly yet again, to its lowest point in more than seven years, James Diffley, chief regional economist at IHS Markit, said in a statement accompanying the report. This could be the beginning of accelerating wage growth to attract more employees. Paychex said national hourly earnings in March were $26.48. The Bureau of Labor Statistics reported last month that nonfarm payrolls grew more than expected , but the closely watched wage number continues to steadily decline this year. Show less Read more
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