CBIZ Small Business Employment Index Reveals Typical November Flattening Trend

| December 7, 2018

article image
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 of 0.48 percent in November, following a decrease in hiring of 0.52 percent in October.“Historically, the November SBEI has always been a flat reading and this November followed that trend,” says Philip Noftsinger, Executive Vice President, CBIZ Employee Benefits. “It’s not uncommon for small businesses to resist hiring seasonal employees too early, in order to gauge consumer sentiment and demand during this high season.”ADP and Moody’s Analytics reported Wednesday that the private sector posted an employment increase of 179,000 jobs month-over-month on a seasonally adjusted basis. Small businesses accounted for 46,000 of those jobs and the report found that almost every sector reported an increase.

Spotlight

POD Consulting

One of the biggest challenges for business owners in today's competitive market is knowing just how to tap into their people's potential to fully realise their business's potential.At POD we believe the strength of your people and the growth of your business are intrinsically linked.

Spotlight

POD Consulting

One of the biggest challenges for business owners in today's competitive market is knowing just how to tap into their people's potential to fully realise their business's potential.At POD we believe the strength of your people and the growth of your business are intrinsically linked.

Events