Despite the competitive hiring environment, small business employment grew 0.26% in June, according to a new report from Paychex.
The data released in the latest report of the Paychex | IHS Markit Small Business Employment Watch shows momentum in job growth with the Small Business Jobs Index gaining 4.53% during the second quarter of 2021 (in part driven by the 2020 comparison period).
Hiring is particularly strong in the leisure and hospitality sector, which gained 12.65% in the past quarter. Hourly earnings growth increased slightly, from 2.82% in May to 2.84% in June. See the report.