Payroll

Annual pay rose 7.3% year-over-year, ADP reported, although larger companies actually subtracted jobs.

Hourly earnings growth slowed last month to its weakest level since March of last year.

Modern businesses are looking for more holistic relationships with accountants who can offer increased support.

The accounting sector had the highest overall growth rate for bonuses this year in the professional services space, increasing 9.4%.

Plus, Alight releases a payroll solution; Softrax releases a new revenue management solution; and other news from the world of accounting technology.

The business and accounting software provider expects integrations and acquisitions to be key to its success in the United States.

Small businesses saw little change in their month-over-month hiring rates and hourly earnings growth, but the number of hours worked by employees rose, according to payroll giant Paychex.

Worrisome job losses occurred in a number of sectors, including professional and business services.

Hourly earnings and hiring slackened at small businesses, although workers put in more hours, boosting their weekly pay, Paychex reported.

The U.K.-based software solutions company announced the acquisition of Thomson Reuters' myPay Solutions.