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U.S. Small Business Job Growth Remains Consistent in April

1. U.S. small business job growth slightly increased, reaching an index of 100.02. 2. The Small Business Jobs Index has averaged 99.99, showing minimal labor market change.

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Why Bullish?

Slight job growth among small businesses often leads to increased demand for payroll services. Historical trends show that job growth positively correlates with PAYX's service uptake.

How important is it?

The article highlights increasing employment trends, which could result in higher business for PAYX. This impact, though positive, depends on sustained trends in labor demand.

Why Short Term?

Immediate increases in hiring can lead to a spike in demand for PAYX services. Short-term trends in employment impact PAYX's revenues directly.

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SMBADPINTU
ROCHESTER, N.Y.--(BUSINESS WIRE)---- $PAYX #employmenttrends--According to the Paychex Small Business Employment Watch, job growth in U.S. small businesses with fewer than 50 employees ticked up slightly in April, gaining 0.27 percentage points to an index level of 100.02. The Small Business Jobs Index, a primary component of the Employment Watch report, has averaged 99.99 over the past 12 months, indicating little change in small business labor market over the last year. Hourly earnings growth for U.S. small business wor.

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