Payroll

The unemployment rate declined two-tenths of a point to 3.7% in a sign of a strong economy despite high interest rates.

Annual pay rose 5.6% year-over-year, payroll giant ADP reported, seeing signs of a hiring slowdown for next year.

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The pace of hourly earnings growth and hiring slowed down at small businesses, payroll processor Paychex reported.

The unemployment rate ticked up one-tenth of a point to 3.9% as hiring slowed.

Annual pay increased 5.7% year over year in another sign of continuing strength in the economy despite interest hikes and inflation.

Growth in hourly and weekly pay at small businesses decelerated in October as job growth moderated, payroll provider Paychex reported.

The researcher sourced data from IRS tax forms to track wages for men between the ages of 25 to 55.

With the number of freshly minted accounting graduates dwindling and the consumer price index still rising, the law of supply and demand is driving up salaries.

Annual pay grew 5.9% year over year, as both job growth and wage growth slackened in September.

Hourly earnings growth slipped at small businesses last month to the slowest pace since September 2021, according to Paychex.

Businesses have been dealing not only with inflation and rising interest rates, but also new requirements for family leave, minimum wage increases, and pay transparency rules.

The ADP Research Institute released a report on how worker promotions can affect businesses and employee retention and debuted a new index for tracking employee motivation and commitment.

The labor market showed some signs of cooling, with the unemployment rate rising three-tenths of a percentage point to 3.8%.

More than 3 million workers would be newly eligible for overtime when they work more than 40 hours a week, under a new proposal.

Annual pay climbed 5.9%, payroll processor ADP reported.

In this week's Vendor Spotlight we discuss payroll, benefits and HR solutions provider Gusto with Will Lopez, Gusto's chief ambassador.

The rate of growth for hiring and hourly earnings stabilized this month, according to Paychex.