US Small Business Job Growth Holds Steady in October, Paychex Says

• Paychex's Nov. 3, 2026, report showed October job growth held steady among U.S. businesses with fewer than 50 employees.
• The national jobs index rose 0.06 percentage points to 99.21, remaining essentially unchanged from a year earlier.
• Hourly earnings growth reached 2.88%, staying below 3% for the 26th consecutive month.
• Weekly hours worked grew 0.11%, extending gains to eight consecutive months as employers increased output from existing staff.
• Weekly earnings growth increased to 3.04%; three-month annualized growth slowed to 2.89%, falling below 3% for the first time since February.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Paychex Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202611030830PRIMZONEFULLFEED9868193) on November 03, 2026, and is solely responsible for the information contained therein.