The pace of hourly earnings growth and hiring slowed down at small businesses last month, payroll processor Paychex reported Tuesday. The Paychex Small Business Employment Watch found the rate of hourly earnings growth for workers at U.S. small businesses has slowed for 17 of the past 18 months to 3.48% in November, declining below 3.50% for the first time since July 2021. Also in November, hiring at small businesses across the U.S. remained stable but continued to slow from the rate of growth seen at the beginning of this year. The rate of small business job growth declined 0.18% in November, according to Paychex. The U.S. Bureau of Labor Statistics also released its latest Job Openings a
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