While the CBIZ Small Business Employment Index (SBEI) returned to positive territory in August, the index reported a 2.15 percent decline in employment for September. This is not overly alarming, however, given that there has been a drop in September hiring levels for the past four years. Typically, this decrease is linked to businesses losing workers who are students and have left for school.
As a positive sign, the September SBEI reported that nearly half of the companies surveyed (49 percent) maintained their number of employees. But, what will be needed to see a hiring boost as we enter the fourth quarter? If the fiscal policy turmoil subsides and clarity is given, business owners are likely to gain confidence and look to grow their companies. Also, hiring for the upcoming holiday season is sure to enhance employment opportunities.
The graphic below highlights trends and results from the SBEI. In addition, more information on the SBEI findings can be found here.
The SBEI illustration is licensed under a Creative Commons Attribution-NoDerivs 3.0 Unported License.