Job growth continues in August, although smaller in Illinois
National job growth continued in August, according to a new report from Paychex, a payroll services company. The Small Business Jobs Index gained 0.45% in August and now stands at 99.8, increasing 5.74% during the past 12 months, representing a record-high year-over-year growth rate. Hourly earnings increased to 3.42% in August, the third consecutive gain in recent months.
“The Small Business Jobs Index reached its highest level since January 2018,” said James Diffley, chief regional economist at IHS Markit, a company focused on economic information and analytics. “The national index climbed 1.56 % in the quarter to 99.80.”[ad_2]