Largest Gain in Two Years Revealed; Global Fears Remain
CLEVELAND--(BUSINESS WIRE)--Jan. 6, 2012--
The December CBIZ
Small Business Employment Index (SBEI), a barometer for hiring trends
among companies with 300 or fewer employees, increased by 1.75 percent
throughout the past month, following an increase of .35 percent in
Today’s announcement follows ADP’s December jobs survey, which
illustrated that the private sector added 325,000 jobs in December.
Philip Noftsinger, business unit president for CBIZ
Payroll Services, explained, “Our Small Business Employment Index
reported a 1.75 percent gain in distinct employee count for the month of
December. This represents the largest increase in the index in two years
as December 2009 offered a similar tally of 1.77 percent. Additionally,
the positive movement in the index supports a continued improving trend
in labor markets.”
Additional take-away points from the December data include:
At-a-glance: Of the companies surveyed, the data shows that 19
percent reported a decrease in employee headcount while 30 percent
increased staffing. 51 percent of the companies involved in the survey
maintained their number of employees.
Small business sector: Confidence among small business owners
is increasing, with a sustained focus on demand and cost containment.
If demand can continue to grow, even minimally, for our Main Street
employers, we can expect continued positive growth numbers in the
What-to-watch: As employment begins to sustain a positive
trend, this will be the best support for economic growth in the US.
However, there are still very real concerns for global sustained
growth, specifically in the European region and in China.
“We need to continue to see positive, or at least fair global macro news
through the first quarter, otherwise the latest trend may not last
through June 2012,” said Noftsinger.
Currently, CBIZ Payroll Services manages payroll services for more than
3,000 businesses that employ fewer than 300 people. The sample reflects
a broad array of industries and geographies corresponding to the markets
across the United States where CBIZ provides services.
For a month-by-month illustration of the Small Business Employment
Editor’s note: The United States Department of Labor’s Bureau
of Labor Statistics Employment Situation Summary is due to be released
on Friday, January 6, at 8:30 a.m. Mr. Noftsinger is available
for media interviews to discuss employment trends and other payroll
matters impacting the American business environment.
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 140 Company offices in 36 states.
Source: CBIZ, Inc.
FCA for CBIZ,
Jimmy Moock, 610-228-2125