Paychex CEO: Steady, Good Growth in U.S. Job Market

The video discusses recent trends in job growth, highlighting a rise in part-time employment, especially in leisure and hospitality sectors. It examines the impact of the upcoming election on hiring and wages, noting that larger businesses are cautious about hiring. Regional job growth is strongest in the Southeast US, aided by lower gas prices and increased discretionary spending. The video also explores how regulations and higher minimum wages in certain states have slowed job growth.

What has been the trend in job growth for small businesses over the past few months?

• Choppy but overall stronger than last year

• No significant change

• Declining steadily

• Consistently strong growth

Which sector has seen the largest increase in part-time employment?

• Manufacturing

• Healthcare

• Leisure and Hospitality

• Technology

How are businesses with over 100 employees reacting to the upcoming election?

• Expanding operations

• Reducing workforce

• Holding back on hiring and wage increases

• Increasing hiring and wages

Which region in the US has shown the best job growth according to the small business survey?

• West

• Southeast

• Midwest

• Northeast

What is the impact of higher minimum wages on job growth in certain states?

• No impact on job growth

• Faster job growth

• Increased job opportunities

• Slower job growth