Positive Trends in Hiring: CBIZ Small Business Employment Index Reveals Encouraging Growth

Signs of Small Business Hiring Woes Easing Amid Strong Economy

In February, the CBIZ Small Business Employment Index reported a slight increase in hiring for small businesses across the country. Despite facing challenges in retaining workers due to lower salaries and benefits like health insurance, the index showed a seasonally adjusted increase of 0.17%. The positive trend reflects the overall strength of the U.S. economy, which has been performing well even amid high interest rates.

The index tracks hiring among thousands of companies with 300 or fewer employees across the country, and Anna Rathbun, chief investment officer of CBIZ, attributes this growth to the unexpected strength of the U.S. economy. While 20% of companies in the index added more staff, 60% made no changes to their headcounts, and 20% reduced their staff.

Certain industries saw more hiring gains than others, including administrative and support services, arts, entertainment, and recreation, and technology and life sciences. On the other hand, industries like accommodation and food services, insurance, and utilities experienced decreases in hiring. Regionally, the West, Southeast

Sophia Reynolds

As a content writer at newsloki.com, I'm always on the lookout for the next intriguing story to share with our audience. With a passion for crafting engaging and informative content, I delve into a variety of topics ranging from breaking news to feature pieces. My goal is to captivate readers through my words and keep them coming back for more. When I'm not typing away at my keyboard, you can find me exploring new coffee shops, diving into a good book, or taking long walks in nature. Join me on this journey of storytelling and discovery at newsloki.com - where every word has the power to inform and inspire.

Learn More →

Leave a Reply