Real-time economic data

The small business economy, measured every month

Three indicators built from anonymized payroll data on 500,000+ small businesses with 1–49 employees.

Latest release

Sep 2026

Next release

Tuesday, November 3, 2026

Gusto Small Business Jobs NumberSep 2026
+27,878
+9,421 vs. prior month
Net hires, monthlyExplore data →
Average Hourly EarningsSep 2026
$37.42
+4.0% year over year
Average hourly earnings, monthlyExplore data →
New Hire Pay IndexSep 2026
+3.1%
$25.86 per hour
New hire pay, monthlyExplore data →

Sample

A stratified random sample of US businesses with 1–49 employees, drawn from the 500,000+ companies on Gusto and matched to national industry, size, and regional distributions.

Method

Series are seasonally adjusted with the US Census Bureau’s X-13ARIMA-SEATS methodology. Every chart can be switched to the unadjusted series or a year-over-year view.

Cadence

Released the Tuesday before the first Friday of each month, covering the month just ended — ahead of the federal jobs report. Recent months are revised as more payrolls settle, and every series downloads as CSV.