Resilient Labor Market, Tax Penalty Relief, Surge in Agentic AI Use in Shopping

Despite economic uncertainty, the U.S. labor market stays stable, which includes a 3.14% growth – the highest increase in five years – in weekly hours worked. Host Gene Marks shares more real-time data from the Paychex Small Business Employment Watch and says employers can find labor but it won’t be inexpensive. Eligible small businesses get a boost if they’ve been compliant in their tax payment history with automatic exemption from penalty program from the IRS. In AI news, a 200% increase in agentic AI use in online shopping has Gene signaling to employers that they should ensure their websites are agent-ready or risk losing customers. Listen to the podcast.

Topics:

00:00 – Introduction

00:19 – Small Business Employment Watch

03:20 – IRS Tax Relief Program

05:45 – Agentic AI Use in Shopping

08:38– Episode Wrap-up

Additional Resources

Meet Paychex: https://bit.ly/3VtM6bs

Summer Planning Guide: https://bit.ly/summer-planning-guide

DISCLAIMER:The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.