Addendum, the article states wage growth was slightly under expectations, which means it must be new hires, since if it was a staggering amount of overtime, that’d be its own headline.
The standard “payroll” is the money going out to people. A doubling of a payroll could mean twice the employees, twice the wages, or anything in-between. You could also increase your payroll by working someone for more hours, since it’s just the money a business pays. It isn’t adjusted by wages or overtime or anything like that, it’s the raw number.
I’m not sure what they mean by “payrolls”. Is it talking about the number of people on the payroll?
In other words, you didn’t read the article.
Addendum, the article states wage growth was slightly under expectations, which means it must be new hires, since if it was a staggering amount of overtime, that’d be its own headline.
The standard “payroll” is the money going out to people. A doubling of a payroll could mean twice the employees, twice the wages, or anything in-between. You could also increase your payroll by working someone for more hours, since it’s just the money a business pays. It isn’t adjusted by wages or overtime or anything like that, it’s the raw number.