Following the 1.2 percent rebound this August, the CBIZ Small Business Employment Index (SBEI) fell 1.82 percent this September, a pattern that has persisted for the past five years. - See more at: https://www.cbiz.com/Insights-Resources/Blog/PostId/167/small-business-hiring-in-september#sthash.K4ZhzMHm.dpuf

1. SEPT. 2014
SEPTEMBER AT A GLANCE
% CHANGE TO EE COUNT FOR REPORTING PERIOD
“Economic deterioration in Europe, Russian intervention in Ukraine with its hand on the
gas valve, a strengthening dollar here and the possibility of seasonal employment changes
aer the summer all oer us reasons why September and the third quarter close out on a
dismal note on the macro level. The geopolitical climate and economic concerns abroad
may have impacted business owner sentiment. Still, even with these mood changes, I am
not convinced that the domestic economy isn’t still strengthening despite the headwinds.”
PHILIP NOFTSINGER — Business unit president for CBIZ Payroll Services
2
1
0
-1
-2
-3
MAY 2014
JULY 2014
AUG. 2014
OCT. 2013
NOV. 2013
DEC. 2013
JAN. 2014
MAR. 2014
FEB. 2014
APR. 2014
JUNE 2014
-.08%
-0.42%
-0.40%
-1.82%
-2.10%
0.52%
0.31%
1.01%
1.57%
1.25%
0.27%
1.2%
21 percent of the companies included in the SBEI added
sta during the September period while 30 percent
decreased payroll. 49 percent of the small businesses held
steady with their employee totals. Small business owners
historically have reduced head count in September, and
this month’s reading is consistent with that pattern.
NO
CHANGE
DECREASED
STAFFING
INCREASED
STAFFING
49%
30%
21%