CBIZ Small Business Employment Index Reported Strong Hiring Increase in December

CBIZ Small Business Employment Index Reported Strong Hiring Increase in December

The CBIZ Small Business Employment Index (SBEI), which tracks hiring trends among thousands of companies across the U.S. with 300 or fewer employees, saw a significant increase in the reading for December, with a seasonally adjusted increase of 1.05%. The noticeable improvement in hiring is consistent with December hiring trends since businesses typically see positive hiring due to the holiday season.  

In December, 28% of companies increased their headcounts, 53% reported no change to their employment totals, and 19% decreased their staffing. Industries with hiring growth included Insurance, Financial Services, Healthcare, Non-profit, Construction, and Retail. Hiring saw declines in Education and Agriculture. 

On a regional-level, the Northeast, Southeast, Central, and Western regions all saw hiring growth. The continued increase in COVID-19 cases could cause a slowdown in the momentum we’re seeing, but with the adoption of booster vaccines and the increased availability of treatments to mitigate severe symptoms, employees are likely to feel more confident returning to work. 

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Phil Noftsinger is Executive Vice President, CBIZ Inc.


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CBIZ Small Business Employment Index Reported Strong Hiring Increase in Decemberhttps://www.cbiz.com/Portals/0/Gregory FCA/CBIZ-SBEI-DECEMBER-2020-header.jpg?ver=prOi9fHpRaF5vUtXXcHL2Q%3d%3dPhil Noftsinger, Executive Vice President, CBIZ, Inc., discusses the hiring growth seen in December’s reading for the CBIZ Small Business Employment Index.2022-01-06T17:00:00-05:00

Phil Noftsinger, Executive Vice President, CBIZ, Inc., discusses the hiring growth seen in December’s reading for the CBIZ Small Business Employment Index.

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