ROCHESTER, N.Y.--(BUSINESS WIRE)--Sep 30, 2025--

According to the Paychex Small Business Employment Watch for September, job growth among U.S. small businesses with fewer than 50 employees remains largely unchanged over the last year. The Small Business Jobs Index, a primary component of the Paychex report that measures the pace of job growth using payroll data from the company’s small business customers, has fluctuated just over a half percentage point over the last 12 months.

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According to Paychex data, job growth among U.S. small businesses has fluctuated just over a half percentage point over the last 12 months.

Meanwhile, hourly earnings growth for U.S. s

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