WWW.CBIZ.COM

SMALL BUSINESSEMPLOYMENT INDEX

OCTOBER 2016

20% of companies in the SBEI increased staff, 50% made no changes,and 30% decreased employee totals.

“Historically, October hiring has shown a decline among small businesses; however, this October is well below the seasonal average of the past five years. This month’s reading indicates a shift away from sustaining head-counts as we move into the holiday season, and with such a dramatic shift underway, other macroeconomic metrics will play a major role in the Fed’s decision to potentially hike rates in December.” –Philip Noftsinger, President of CBIZ Employee Services Organization

TRENDING BY REGION

INCREASED DECREASED NO CHANGE

0.20% 0.90%

-0.28%-0.82%

-0.23%

-1.61%

6 MONTH OVERVIEW

MAY JUN JUL AUG SEP OCT

OCTOBER AT A GLANCE

50%NO

CHANGE

20%INCREASEDSTAFFING

30%DECREASED

STAFFING

TRENDING BY INDUSTRY

INCREASED DECREASED NO CHANGE

REAL ESTATEAGRICULTUREEDUCATIONALSERVICES

PROFESSIONALSERVICES

RETAILINSURANCE FOODSERVICES

ACCOMMODATIONARTS &ENTERTAINMENT