Job Gains Continue Among U.S. Small Businesses to Start 2024 - Seite 2

• At 3.47%, hourly earnings growth has stabilized and is essentially unchanged over the past three months (3.48% in December 2023, 3.49% in November 2023).
• At 4.03%, the West leads regional hourly earnings growth for the eighth consecutive month. The South (3.33%) has the lowest hourly earnings growth rate among regions.
• Washington’s 5.17% hourly earnings growth in January is the highest among states for the sixth consecutive month.
• Seattle reports 5.27% hourly earnings growth in January, the fifth consecutive month over five percent, and ranked first among top U.S. metros.
• Construction has the strongest weekly hours worked among sectors for January, up 0.32% since December. Leisure and Hospitality also experienced strong one-month hourly earnings growth (5.10%).

The complete Small Business Employment Watch results for January 2024, including interactive charts detailing the data at a national, regional, state, metro, and industry sector level are available at www.paychex.com/watch. Learn more and sign up to receive monthly Employment Watch alerts.

About the Paychex Small Business Employment Watch

The Paychex Small Business Employment Watch is released each month by Paychex, Inc. Focused exclusively on businesses with less than 50 workers, the monthly report offers analysis of national employment and wage trends, as well as examines regional, state, metro, and industry sector activity. Drawing from the payroll data of approximately 350,000 Paychex clients, this powerful industry benchmark delivers real-time insights into the small business trends driving the U.S. economy.

About Paychex

Paychex, Inc. (Nasdaq: PAYX) is an industry-leading HCM company delivering a full suite of technology and advisory services in human resources, employee benefit solutions, insurance, and payroll. The company serves approximately 740,000 customers in the U.S. and Europe and pays one out of every 12 American private sector employees. The more than 16,000 people at Paychex are committed to helping businesses succeed and building thriving communities where they work and live. Visit paychex.com to learn more.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240130198054/en/

The Paychex Stock at the time of publication of the news with a raise of +0,63 % to 112,2EUR on Tradegate stock exchange (30. Januar 2024, 10:02 Uhr).