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U.S. Small Business Job Growth Remains Stable in July

1. Small business job growth steady; index up to 99.82 in July. 2. Hourly earnings growth trends consistent among small business workers.

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FAQ

Why Bullish?

Stable job growth in small businesses suggests healthy demand for PAYX's services. Historical data shows similar conditions led to growth in PAYX's revenue streams.

How important is it?

The article discusses trends that positively influence PAYX’s market, enhancing their growth outlook. Given PAYX’s focus on small business services, these trends are crucial for future performance.

Why Short Term?

The immediate effects of improved employment trends positively influence PAYX's service demand. Comparable trends in the past have shown quick feedback in small business service utilization.

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SMBADPWAGE
ROCHESTER, N.Y.--(BUSINESS WIRE)---- $PAYX #employmenttrends--Job growth among U.S. small businesses with fewer than 50 employees is holding steady, according to the Paychex Small Business Employment Watch for July. The national Small Business Jobs Index, a primary component of the report that measures the pace of small business job growth across the country, has increased 0.17 percentage points to 99.82 in July. Meanwhile, hourly earnings growth for small business workers has maintained a consistent trend, remaining belo.

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