Payroll

Small business employment held steady last month, according to payroll company Paychex, while wage growth continued below 3%

Private sector employers added 77,000 jobs in February, while annual pay grew 4.7% year over year, payroll processor ADP reported Wednesday.

Employers added 143,000 jobs last month, including 600 in accounting, tax preparation and payroll services, the Bureau of Labor Statistics reported.

Annual pay rose 4.7% year over year for people who stayed in their jobs, according to ADP.

Job growth also slowed at small businesses in January, according to payroll company Paychex.

Annual pay grew 4.6% year over year as private sector employers added 122,000 jobs in December, payroll giant ADP reported.

Job growth and hourly earnings growth moderated in the latter part of 2024, according to the payroll processor Paychex.

Zoho announced the U.S. release of Zoho Payroll, on top of enhancements to its existing finance products Zoho Books, Zoho Inventory and Zoho Practice.

Small-business jobs growth remained steady in November, while workers' wages grew only slightly, payroll provider Paychex reported.