The Paychex IHS Markit Small Business Employment Watch showed the first increase in small business hiring since February.
"One month doesn't make a trend, but we certainly saw job growth pick up a bit. [The index is] down 1% from last year ... because it's a tight market and it's tight for small businesses to hire ..." Paychex CEO Marty Mucci tells CNBC. "Our feeling is while businesses are a little bit concerned overall about the economy, the demand for their products is still there and they're out trying to hire," he says in a "Mad Money" interview.
Small business job growth rebounded last month "for the first time in a few years," despite increasing concerns that the U.S. economy is slowing down,In the September reading of the Small Business Employment Watch from Paychex and IHS Markit, the jobs index posted a 0.21% gain, which snapped six straight months of decline. That's the fastest one-month move since 2016, according to Paychex, the country's second-largest payroll processor behind ADP.
"One month doesn't make a trend, but we certainly saw job growth pick up a bit. [The index is] down 1% from last year, the job growth level for small businesses, but that's because it's a tight market and it's tight for small businesses to hire and retain folks," he said in a one-on-one with
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Everything Jim Cramer said about the stock market on 'Mad Money,' including manufacturing data, Chinese IPOs, restaurant investing and ConEd CEOJim Cramer advises that investors shake off September's poor manufacturing read, worry less about a potential Elizabeth Warren presidency, examines the stocks of Chipotle, McDonald's and Jack in the Box and interviews the CEO of ConEd.
Source: CNBC - 🏆 12. / 72 Read more »
Kamala Harris Tells Twitter CEO Jack Dorsey To Suspend President Donald Trump’s Account In New LetterSen. Kamala Harris (D-Calif.) is not mincing words. In a letter addressed to Twitter CEO Jack Dorsey, the Democratic presidential candidate asked the social media company to consider suspending President Donald Trump’s account because his behavior regularly breaks the company’s terms of service. MichaelFNunez Typical - silence your opposition instead of just beating them. MichaelFNunez Isn't that exactly what she wants to impeach Trump for? I'm confused... Okay, technically Trump used a phone. MichaelFNunez She don’t like evidence?
Source: Forbes - 🏆 394. / 53 Read more »
Kamala Harris Tells Twitter CEO Jack Dorsey To Suspend President Donald Trump’s Account In New LetterSen. Kamala Harris (D-Calif.) is not mincing words. In a letter addressed to Twitter CEO Jack Dorsey, the Democratic presidential candidate asked the social media company to consider suspending President Donald Trump’s account because his behavior regularly breaks the company’s terms of service. Kamala would silence all who oppose her if she became President. Imagine if she was president. What a PHONY
Source: Forbes - 🏆 394. / 53 Read more »
Digitalization 'will change our industry,' says Deutsche Post CEOThe business wants to embrace a number of technologies, including automation and robotics. Wow, what an incredibly deep insight. Really? About 15 years too late with this statement... 🤣 sounds like dude just woke up in 1991
Source: CNBC - 🏆 12. / 72 Read more »