December 3, 2015

November small business hiring reveals a surprisingly weak reading

The CBIZ Small Business Employment Index (SBEI), a barometer for small business hiring trends that surveys labor data from over 4,000 companies employing 300 or fewer people, reported a -1.13 percent change from October to November.

This month, 28 percent of companies included in the SBEI reduced headcounts, 21 percent increased payroll commitments, and 51 percent of the small businesses in the index made no change to their employee totals. The SBEI data revealed job growth in Administrative and Support Services leading the way, followed by other Nonprofits and Professional and Financial Services. As the New Year quickly approaches, the November reading could indicate that Americans are turning to online shopping as a preferred mode of shopping this year, and as a result, small businesses are not seeing the need to hire as much in-store help as they have in years past.

The graphic below highlights trends and results from the SBEI. More on the SBEI's findings this month can be found here.

The SBEI illustration is licensed under a Creative Commons Attribution-NoDerivs 3.0 Unported License.  

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