Small Business Jobs Grow in September Quarter, but Wage Growth Slows
Published
Hiring in Australian small businesses improved during the September quarter. Jobs in this sector rose by 3.9 per cent, which shows that many small firms are taking on more staff. This is good news for workers who are looking for employment across the country.
However, wage growth slowed during the same period. This means that workers' pay did not increase as quickly as it did before. Performance also varied widely between different industries. Some sectors recorded stronger results, while others did not perform as well.
Overall, small business sales remained steady, despite the uneven results across sectors. Business owners and workers will be watching closely to see whether job growth continues in the coming months and whether wages begin to rise again.
Sources: CFOtech Australia
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