CBIZ Small Business Employment Index Inches Higher
CLEVELAND -- December 07, 2012
The CBIZ Small Business Employment Index (SBEI), a barometer for hiring trends
for more than 3,500 companies with 300 or fewer employees, increased by 0.82
percent during November, following a decrease of 0.89 percent in October.
ADP’s November’s jobs survey revealed that the private sector added 118,000
jobs, exceeding analysts’ estimates in the wake of Hurricane Sandy, but
falling short of October’s revised tally of 157,000 added jobs.
“Continuing a near zero change, this month’s Small Business Employment Index
further verifies that small businesses are still holding back hiring, despite
some brighter news economically,” says Philip Noftsinger, business unit
president for CBIZ Payroll Services.
To view and/or use a graphic illustration that tracks and illustrates the
employment index, visit our blog here.¹
Additional take-away points from the November data set include:
*At-a-glance: Of the companies surveyed, 26 percent increased staffing
while 20 percent of the companies decreased employee headcounts. 54
percent of the companies surveyed maintained their number of employees.
*Small business sector: With the2012 presidential election decided, small
businesses should prepare for full implementation of thePatient
Protection and Affordable Care Act of 2010(ACA). To read more about
tax-related provisions affecting employers, click here.
*What-to-watch: Even a settlement to the current budget stalemate, would
likely mean increases in taxes as well as slower government spending. This
will further delay growth within the small business sector and beyond.
“The continual struggle in Washington, DC between the House and the President
provides little hope of predictability in terms of the 2013 business
environment,” says Noftsinger.
CBIZ Payroll Services manages payroll services for more than 3,500 businesses.
Its index reflects a broad array of industries and geographies corresponding
to the markets across the United States where CBIZ provides human capital
services. The data represented by the SBEI is derived from a segment of
employers not completely accounted for by the ADP and Federal BLS employment
(1) The SBEI illustration is licensed under a Creative Commons
Attribution-NoDerivs 3.0 Unported License. Based on a work at
(2) The United States Department of Labor’s Bureau of Labor Statistics
Employment Situation Summary is due to be released on Friday, December 7, at
8:30 a.m. ET. Mr. Noftsinger is available for media interviews to discuss
employment trends and other payroll matters impacting the American business
About CBIZ, Inc. (NYSE:CBZ)
CBIZ, Inc. provides professional business services that help clients better
manage their finances and employees. CBIZ provides its clients with financial
services including accounting, tax and consulting, internal audit, merger and
acquisition advisory and valuation services. Employee services include
employee benefits consulting, property and casualty insurance, retirement plan
consulting, payroll, life insurance, HR consulting, and executive recruitment.
CBIZ also provides outsourced technology staffing and support services,
healthcare consulting, and medical practice management. As one of the largest
benefits specialists and one of the largest accounting, valuation, and medical
practice management companies in the United States, the Company’s services are
provided through more than 130 Company offices in 37 states. Visit our website
at www.cbiz.com and our blog, “Human Capitalizing,” at http://blog.cbiz.com.
Gregory FCA for CBIZ, Inc.
Jimmy Moock, 610-228-2125
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