CBIZ Small Business Employment Index (SBEI) Closes 2019 with a Hiring Decrease

CBIZ Small Business Employment Index (SBEI) Closes 2019 with a Hiring Decrease

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The CBIZ Small Business Employment Index (SBEI), which tracks hiring trends among thousands of companies with 300 or fewer employees across the U.S., wrapped up 2019 with a seasonally adjusted decrease in hiring of 1.16% for December. This contrasts with November’s data, which recorded a 0.26% increase in hiring.

As noted in the December 2019 index, 52% of companies had no change in their employment numbers. Twenty-four percent increased their count, and the same percentage reported a decrease. On an industry basis, Financial Services, Non-Profits, Manufacturing and Healthcare all trended positively. Those that trended negatively include Construction, Real Estate, Arts and Entertainment and Wholesale Distribution.

Regionally, the West led hiring in December, exhibiting an increase for the third consecutive month. Hiring remained relatively neutral in the Central and Southeast regions, and it decreased in the Northeast.


Phil Noftsinger is Executive Vice President, CBIZ Inc.


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CBIZ Small Business Employment Index (SBEI) Closes 2019 with a Hiring Decrease~/Portals/0/PackFlashItemImages/WebReady/CBIZ-SBEI-2019-DECEMBER-INFOGRAPHIC.jpghttps://www.cbiz.com/Portals/0/liquidImages/WebReady/CBIZ-SBEI-2019-DECEMBER-INFOGRAPHIC.jpgPhil Noftsinger, Executive Vice President, CBIZ, Inc., discusses small business hiring trends for December 2019 in the CBIZ Small Business Employment Index....2020-01-09T20:33:00-05:00

Phil Noftsinger, Executive Vice President, CBIZ, Inc., discusses small business hiring trends for December 2019 in the CBIZ Small Business Employment Index.

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