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December 5, 2019

CBIZ Small Business Employment Index (SBEI) Shows November Hiring Increase Leading into Holiday Season

The CBIZ Small Business Employment Index (SBEI), which tracks hiring trends among thousands of companies with 300 or fewer employees across the U.S., registered a seasonally adjusted increase in hiring of .26% for November. This is the second consecutive month that seasonally adjusted hiring increased. It is also the third consecutive year of hiring growth in the month of November.

According to November 2019’s data, 53% of companies had no change in their employment numbers, 24% saw an increase and 23% saw a decrease. Breaking the data down by industry, Arts and Entertainment, Non-Profits, Technology, Retail and Healthcare all significantly supplemented their headcounts. The employment numbers for Wholesale Distribution, Utilities, Construction and Professional Services, on the other hand, retreated.

While multiple regions went without notable change in October, only the Northeast remained steady in November. Hiring in the West jumped, while hiring in the Southeast and Central regions pulled back.

Phil Noftsinger is Executive Vice President, CBIZ, Inc.

Copyright © 2019, CBIZ, Inc. All rights reserved. Contents of this publication may not be reproduced without the express written consent of CBIZ. This publication is distributed with the understanding that CBIZ is not rendering legal, accounting or other professional advice. The reader is advised to contact a tax professional prior to taking any action based upon this information. CBIZ assumes no liability whatsoever in connection with the use of this information and assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

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