Paychex

Small businesses continued to increase hiring and hourly pay in August, payroll giant Paychex reported, as the economic recovery continued despite the spread of the Delta variant.

Job growth at small businesses spiked in July across various industries and parts of the country, according to payroll giant Paychex, with hourly earnings also improving.

Small businesses continued to ramp up their hiring this month, particularly in the leisure and hospitality sector, as the economy recovers from the pandemic, according to payroll giant Paychex.

While the rate of job growth in the leisure and hospitality sector increased last month, it slowed in the construction industry, according to Paychex.

Three of the biggest obstacles businesses face are financial instability, bringing employees back to the office, and developing a COVID-19 vaccine policy. Accountants can help clients through each of these areas.

The U,S, Small Business Administration is urging food and beverage establishments to submit their applications for the Restaurant Revitalization Fund by next Monday.

The numbers reflect a strong bounce back in the economy as companies emerge from the COVID-19 pandemic.

Small businesses are recording a significant jump in job growth this month, while weekly and hourly earnings grew as well, according to payroll giant Paychex.

Confusion around the program and other stimulus measures may be preventing small businesses from getting the help they need.

Hourly earnings and weekly hours worked at small businesses improved last month, according to payroll giant Paychex, while hiring dipped slightly during the pandemic.