US ‘Still Short’ 4M Jobs From Pre-Pandemic: Paychex CEO
Despite “good” job growth for six straight months, Paychex estimates the U.S. is “still short around four million jobs” from pre-COVID-19 pandemic levels, said CEO Martin Mucci on an earnings call Wednesday for fiscal Q2 ended Nov. 30. “The ones…
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that are still struggling the most are the restaurants,” despite wages having “gone up dramatically,” fueled by the labor shortage, he said. The average part-time pay among Paychex clients was $19.62 an hour in November, said the CEO: “It's an amazing thing when you think two years ago, everybody was arguing about getting to $15.”