TL;DR
Small businesses in the US saw a decline in hiring in April, but wages continued to rise, according to a Paychex survey. Small business employment growth is down 0.27 percent from this time last year.
In April, small business hiring saw a decrease while wages continued to rise, according to a Paychex survey . In addition, small business employment growth is down 0.27 percent from this time last year and compared to last month, the Small Business Jobs Index dropped by 0.22 percent.
"The decline in the April index mirrors what was reported last month by (the Bureau of Labor Statistics), which showed deceleration of job growth," said Martin Mucci, Paychex president and CEO. "At the same time, the wage report shows continued growth in both hourly earnings and hours worked over the past year."
Small business growth is currently highest in the state of Tennessee and Dallas continues to rank as the top metro area for small business jobs.
In this story
This story was originally published in 1851 Franchise on May 2, 2017. Burnaze summarizes and links to the original reporting.
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