In October, 20 percent of companies in the Index increased hiring, 50 percent made no change and 30 percent decreased staff totals. The only industries that realized growth in October included Educational Services and Insurance. Meanwhile, Agriculture, Arts & Entertainment, Real Estate, Retail, Accommodation, Food Services and Professional Services saw large declines. Further, the West region saw employment gains while the rest of the country saw strong decreases in staff totals.

1. WWW.CBIZ.COM
SMALL BUSINESS
EMPLOYMENT INDEX
OCTOBER 2016
20% of companies in the SBEI increased staff, 50% made no changes,
and 30% decreased employee totals.
“Historically, October hiring has shown a decline among small businesses; however, this October is well below
the seasonal average of the past five years. This month’s reading indicates a shift away from sustaining head-
counts as we move into the holiday season, and with such a dramatic shift underway, other macroeconomic
metrics will play a major role in the Fed’s decision to potentially hike rates in December.”
–Philip Noftsinger, President of CBIZ Employee Services Organization
TRENDING BY REGION
INCREASED DECREASED NO CHANGE
0.20% 0.90%
-0.28%
-0.82%
-0.23%
-1.61%
6 MONTH OVERVIEW
MAY JUN JUL AUG SEP OCT
OCTOBER AT A GLANCE
50%
NO
CHANGE
20%
INCREASED
STAFFING
30%
DECREASED
STAFFING
TRENDING BY INDUSTRY
INCREASED DECREASED NO CHANGE
REAL ESTATEAGRICULTUREEDUCATIONAL
SERVICES
PROFESSIONAL
SERVICES
RETAILINSURANCE FOOD
SERVICES
ACCOMMODATIONARTS &
ENTERTAINMENT