29 percent of companies in the index increased their employee count, 52 percent did not change their staff totals and 19 percent decreased headcounts.

1. WWW.CBIZ.COM
SMALL BUSINESS
EMPLOYMENT INDEX
MARCH 2018
TRENDING BY REGION
INCREASED DECREASED NO CHANGE
MARCH AT A GLANCE
52%
NO
CHANGE
29%
INCREASED
STAFFING
19%
DECREASED
STAFFING
0.78%
1.59%
0.94%
1.87%
“This may be the first sign of tax reform seeping into the small business labor market. As small business owners
begin to realize the benefits of tax reform, they will likely translate to better wages and more jobs. Almost every
industry represented in our SBEI grew their staff totals in March, so if this positive trend continues, the economy
could be seeing solid growth across the board going forward.”
- Philip Noftsinger, President of CBIZ Employee Services Organization
TRENDING BY INDUSTRY
INCREASED DECREASED NO CHANGE
6 MONTH OVERVIEW
NOV DEC JAN FEB MAR
29 percent of companies in the index increased their employee count,
52 percent did not change their staff totals and 19 percent decreased headcounts.
OCT
-1.62%
-0.20%
1.55%
0.44%
-3.14%
MANUFACTURING NON-PROFITS
ACCOMODATION &
FOOD SERVICES
ARTS &
ENTERTAINMENT
CONSTRUCTION FINANCIAL SERVICESRETAIL TRADE HEALTHCARERECREATION
1.39%