Small Business Employment Index - February 2017

WWW.CBIZ.COM

SMALL BUSINESSEMPLOYMENT INDEX

FEBRUARY 2017

25% of companies in the Index increased their employee counts, 51% made no change to staff totals and 24% cut headcounts.

TRENDING BY REGION

INCREASED DECREASED NO CHANGE

-3.12%

-0.23%

-1.61%

-0.17%

1.60%

0.16%

6 MONTH OVERVIEW

SEP OCT NOV DEC JAN FEB

FEBRUARY AT A GLANCE

51%NO

CHANGE

25%INCREASEDSTAFFING

24%DECREASED

STAFFING

TRENDING BY INDUSTRY

INCREASED DECREASED NO CHANGE

MANUFACTURINGEDUCATIONCONSTRUCTION HEALTHCARETECHNOLOGY &LIFE SCIENCES

ARTS, ENTERTAINMENT& RECREATION

UTILITIESFINANCIALSERVICES

AGRICULTURE

1.17%-0.08%

0.56%

-0.49%

“The small business labor market is gaining its footing after a few months of fluctuations during the election and at the start of the year. As long as the administration continues to keep its promises to small business, owners should react accordingly.” –Philip Noftsinger, President of CBIZ Employee Services Organization