Thursday, January 9, 2014

CBIZ Small Business Employment Index continues on modest growth path

Wrapping up 2013, the CBIZ Small Business Employment Index (SBEI) for December showed a slight increase in hiring -- a .31 percent boost for the month. This continues the modest increase the index reported in November.

Wednesday’s ADP December survey provided positive numbers, releasing data on the 238,000 jobs added during the month. While the SBEI follows suit with ADP, as it marks a positive number in overall hiring, it is important to note that of the companies surveyed by the SBEI, approximately half (54 percent) had no change in employee headcount.

When it comes to the small business sector, why isn’t staffing taking a notable jump up? Consider some factors that may be making an impact:

  • The Affordable Care Act being implemented
  • A debate over minimum wage in America
  • New tax laws put into practice

We will continue to watch these issues and see how small businesses deal with each in 2014. 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.

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