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.
