Growth in small business jobs and wages declined last month as a result of the novel coronavirus pandemic, according to payroll giant Paychex.
The economic fallout from the coronavirus pandemic is continuing.
Professional services like accounting and tax prep gained 12,000 jobs, however, according to the payroll giant.
The slowest month of job growth since the spring occurred amid the ravages of the COVID-19 pandemic.
There are signs of a slowdown in the economy as businesses continue to struggle with rising COVID-19 infections across the country.
Unemployment declined 1 percentage point to 6.9 percent as the economy continues a slow recovery despite the ongoing COVID-19 pandemic.
Wages are set to go up in Florida after voters passed a minimum wage ballot initiative in Tuesday’s election.
Lenders need to use alternative data as an overlay to traditional underwriting methods to help creditworthy customers in hardship because of the coronavirus crisis.
Strong data and reassuring words from a Fed official couldn’t stop market virus fears from spreading.
Nonbank mortgage employment fell in January, but could subsequently surge as lenders seek to capture business while rates are low, the job outlook is favorable, and the coronavirus is contained.