Growth in small business jobs and wages declined last month as a result of the novel coronavirus pandemic, according to payroll giant Paychex.
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.
The unemployment rate declined to 7.9 percent in September, the U.S. Bureau of Labor Statistics reported Friday.
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There are signs of a slowdown in the economic recovery as the COVID-19 pandemic continued to spread.
Small-business employment and hours worked grew a bit in September, especially in the Northeast and within the construction industry, according to the latest monthly report from payroll giant Paychex.