Small-Business Employment Rises in March
The data shows that 28 percent reported an increase in employee head count while 18 percent decreased staffing.The CBIZ Small-Business Employment Index (SBEI), a barometer for hiring trends among companies with 300 or fewer employees, increased by 1.66 percent during March, following an increase of 0.25 percent in February
The announcement follows payroll services firm ADPs March jobs survey, which illustrated that the private sector added 209,000 jobs last month. The sample reflects an array of industries and regions corresponding to the markets across the United States, where CBIZ provides services. Philip Noftsinger, business unit president for CBIZ Payroll Services, noted this is the highest month-over-month gain since June 2010, and represents a growing trend across the marketplace that employment is healing at all levels. In addition, the number of firms adding workers, versus no change or reductions was solid as well, demonstrating a broader-based increase, he said. We now have a solid trend in employment going into the spring.
Of the companies surveyed, the data shows that 28 percent reported an increase in employee head count while 18 percent decreased staffing. Fifty-four percent of the companies involved in the survey maintained their number of employees. Sustained gains will be important for future growth, the report noted, projecting hiring trends in April and May to continue the present trend within the SBEI. Consumer confidence, raising gas prices and this summers seasonal business activity will continue to play a direct role on the recovery, CBIZ noted.