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Small Business Employment Index - December 2016

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In December, 30 percent of companies in the SBEI increased hiring, 50 percent made no change to staff totals, and 20 percent cut payroll totals. Industries that showed gains in employment include Real Estate, Manufacturing, Health Care, Retail and Non Profits, both of which are seasonal. Regionally, all four sectors across the country saw employment improve.

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Small Business Employment Index - December 2016

  1. 1. WWW.CBIZ.COM SMALL BUSINESS EMPLOYMENT INDEX DECEMBER 2016 30% of companies in the SBEI increased hiring, 50% made no changes, and 20% decreased staff. “This December’s reading seems to indicate that some of the economic optimism we’ve seen recently may be translating down to small business hiring. For the most recent report, our SBEI tracked with NFIB’s optimism index post-election, which showed a significant improvement in optimism among small business owners which is expected to translate into increased capital and labor investments in the New Year.” –Philip Noftsinger, President of CBIZ Employee Services Organization TRENDING BY REGION INCREASED DECREASED NO CHANGE -0.28% -0.82% -0.23% -1.61% -0.17% 1.60% 6 MONTH OVERVIEW JUL AUG SEP OCT NOV DEC DECEMBER AT A GLANCE 50% NO CHANGE 30% INCREASED STAFFING 20% DECREASED STAFFING TRENDING BY INDUSTRY INCREASED DECREASED NO CHANGE MANUFACTURINGREAL ESTATENON-PROFITS ENTERTAINMENT & RECREATION HEALTHCARE SCIENTIFIC SERVICES PROFESSIONAL SERVICES RETAIL TECHNICAL SERVICES 2.38% 0.61% 1.72% 1.58%

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