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Story perspectives

Small Businesses Steady as Wages Rise Amid Caution

7/9/2025

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Story summary
  • In June 2025, the U.S. small business labor market held steady at a 99.65 index level.
  • Job growth varied by less than 0.5% over the past six months.
  • Small business workers experienced a 2.79% increase in hourly earnings.
  • Business owners are implementing cautious hiring strategies due to economic uncertainties.
  • The report focuses on employment and wage trends for businesses with under 50 employees.