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Small business jobs index rises for third month, hitting highest 2026 level in May

Market News
02 Jun 2026
GlobeNewsWire
View Source
Bullish
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The Paychex Small Business Jobs Index, tracking job growth in U.S. small businesses with under 50 employees, rose for the third consecutive month in May to 99.34, its highest point in 2026. Weekly earnings growth also increased to 2.98%, the strongest since January 2024, while weekly hours worked grew for the third straight month. This signals ongoing strength in the small business labor market across most states and major metros, with sectors like Education, Health Services, and Manufacturing showing notable job gains. The trend suggests continued resilience in Main Street employment as the economy moves into summer.

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