October Hiring Experiences Second Straight Month of Declines
The CBIZ Small Business Employment Index (“SBEI”) reported a seasonally adjusted decrease of 1.25% in October as small business hiring experienced a second straight month of declines, and losses in three of the last four months.
- The CBIZ Small Business Employment Index (“SBEI”) reported a seasonally adjusted decrease of 1.25% in October as small business hiring experienced a second straight month of declines, and losses in three of the last four months.
- The CBIZ SBEI tracks payroll and hiring trends for over 3,100 companies that have 300 or fewer employees, providing broad insight into small business trends.
- The Northeast (-1.64%) and Central (-1.32%) regions experienced the largest declines in hiring, followed by the Southeast (-0.84%) and West (-0.80%) regions.
- Geographical hiring: The Northeast (-1.64%), Central (-1.32%), Southeast (-0.84%) and West (-0.80%) regions all experienced declines in hiring.