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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Paychex Inc | NASDAQ:PAYX | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.86 | 0.72% | 119.67 | 117.51 | 124.00 | 122.11 | 118.87 | 118.87 | 1,470,964 | 01:00:00 |
ROCHESTER, N.Y., Oct. 30, 2018 /PRNewswire/ -- The Paychex | IHS Markit Small Business Employment Watch data for October again reflects the tight labor market with a dip in job growth and uptick in wages. Down 0.06 percent from last month at 99.12, the Small Business Jobs Index has slowed 1.28 percent over the past two years, consistent with a declining rate of unemployment in the same timeframe. The rate of hourly earnings growth in October stands at 2.41 percent ($0.63), increasing for the second month in a row.
"The national index has dropped 0.77 percent in the past year and 1.28 percent in the past two years," said James Diffley, chief regional economist at IHS Markit. "This slowdown in small business employment growth has coincided with the sharp fall in unemployment over the past two years."
"According to the latest Paychex Business Sentiment Report, released yesterday, business owners rank their ability to fill open positions with qualified candidates as a top challenge," said Martin Mucci, Paychex president and CEO. "With employment growth continuing to show moderate declines, we're seeing first-hand the impact of the tightening labor market on small businesses."
Broken down further by geography and industry, the October report showed:
The complete results for October, including interactive charts detailing all data at a national, regional, state, metro, and industry level, are available at www.paychex.com/employment-watch/. Highlights are available below.
National Jobs Index
National Wage Report
Regional Jobs Index
Regional Wage Report
State Jobs Index
Note: Analysis is provided for the 20 largest states based on U.S. population.
State Wage Report
Note: Analysis is provided for the 20 largest states based on U.S. population.
Metropolitan Jobs Index
Note: Analysis is provided for the 20 largest metro areas based on U.S. population.
Metropolitan Wage Report
Note: Analysis is provided for the 20 largest metro areas based on U.S. population.
Industry Jobs Index
Note: Analysis is provided for seven major industry sectors.
Industry Wage Report
Note: Analysis is provided for seven major industry sectors.
For more information about the Paychex | IHS Markit Small Business Employment Watch, visit www.paychex.com/employment-watch/ and sign up to receive monthly Employment Watch alerts.
*Information regarding the professions included in the industry data can be found at the Bureau of Labor Statistics website.
About the Paychex | IHS Markit Small Business Employment Watch
The Paychex | IHS Markit Small Business Employment Watch is released each month by Paychex, Inc., a leading provider of payroll, human resource, insurance, and benefits outsourcing solutions for small-to medium-sized businesses, and IHS Markit, a world leader in critical information, analytics, and expertise. Focused exclusively on small business, 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 tool delivers real-time insights into the small business trends driving the U.S. economy.
About Paychex
Paychex, Inc. (NASDAQ: PAYX) is a leading provider of integrated human capital management solutions for payroll, benefits, human resources, and insurance services. By combining its innovative software-as-a-service technology and mobility platform with dedicated, personal service, Paychex empowers small- and medium-sized business owners to focus on the growth and management of their business. Backed by more than 45 years of industry expertise, Paychex serves over 650,000 payroll clients as of May 31, 2018, across more than 100 locations in the U.S. and Europe, and pays one out of every 12 American private sector employees. Learn more about Paychex by visiting www.paychex.com, and stay connected on Twitter and LinkedIn.
About IHS Markit (www.ihsmarkit.com)
IHS Markit (Nasdaq: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world's leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.
IHS Markit is a registered trademark of IHS Markit Ltd. and/or its affiliates. All other company and product names may be trademarks of their respective owners © 2018 IHS Markit Ltd. All rights reserved.
Media Contacts
Lisa Fleming
Paychex, Inc.
585-387-6402
lfleming@paychex.com
@PaychexNews
Kate Smith
IHS Markit
781-301-9311
katherine.smith@ihsmarkit.com
Tess Flynn
Mower
716-880-1488
tflynn@mower.com
View original content to download multimedia:http://www.prnewswire.com/news-releases/hourly-wages-rise-moderately-as-job-growth-declines-slightly-in-october-300740086.html
SOURCE Paychex, Inc.
Copyright 2018 PR Newswire
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