The CBIZ Small Business Employment Index (SBEI), which tracks hiring trends among thousands of companies that employ 300 or fewer employees across the U.S., reported a month-over-month increase in hiring activity of 0.44 percent in November. Following a decline of 1.62 percent in October, this is the first positive reading for the index since June.
“The November period typically shows flat readings ahead of the holiday shopping season,” says Philip Noftsinger, President of CBIZ Employee Services Organization. “This report paints a more optimistic picture for the future of small business hiring as we close out the year.”
The SBEI’s findings align with those from ADP and Moody’s Analytics, which reported that the economy created 190,000 jobs in November.
To view an infographic with data from the employment index, visit the CBIZ blog.1
Additional takeaways from the November SBEI include:
CBIZ Payroll Services manages payroll services for more than 4,000 businesses. Its index reflects a broad array of industries and geographies corresponding to the markets across the U.S. where CBIZ provides human capital services. The data represented by the SBEI is derived from a segment of employers not completely accounted for by the ADP and Federal BLS employment reports.
Editor’s note:
(1) The SBEI Illustration is licensed under a Creative Commons Attribution-NoDerivs 3.0 Unported License. Based on our work at http://www.cbiz.com/insights-resources/blog.
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About CBIZ, Inc.
CBIZ, Inc. provides professional business services that help clients better manage their finances and employees. CBIZ provides its clients with financial services including accounting, tax, financial advisory, government health care consulting, risk advisory, real estate consulting, and valuation services. Employee services include employee benefits consulting, property and casualty insurance, retirement plan consulting, payroll, life insurance, HR consulting, and executive recruitment. As one of the largest accounting, insurance brokerage and valuation companies in the United States, the Company’s services are provided through more than 100 Company offices in 33 states. CBIZ Employee Services Organization is a division of CBIZ Benefits & Insurance Services, Inc.
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Gregory
FCA for CBIZ,
Inc.
Kelly Forst, 610-228-2396
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