Small Business Sector Experiences Slight Uptick In Hiring
Written by Ken Gaebler
Small business owners with 300 employers or fewer increased hiring by 0.25 percent in February.
Despite minor decreases in small business optimism, entrepreneur news is showing further hope for job seekers.
According to the February CBIZ Small Business Employment Index, which measures hiring trends for businesses with 300 employers of fewer, hiring increased by 0.25 percent during the month, compared to a 2.62 percent decrease in January.
Additionally, the survey found that 24.7 percent of surveyed companies increased payroll, while 52.5 percent reported consistent data.
"This month's data shows a move back to positive hiring trends, after what we believed to be a seasonal decline in January. While the number isn't as high as we would like to see, it is representative of where we believe the cautious small business employer is as it relates to hiring," said Philip Noftsinger, business unit president for CBIZ Payroll Services.
Earlier this week, the ADP National Employment report found that the private sector increased jobs by 217,000 from January to February.
Have Friends Who Might Like This Article?
Share this on Twitter
Let them know on LinkedIn
Ready to Learn More? We Think You Might Like These Articles:
About Our Small Business News
Our entrepreneurial news is packed with useful information for business owners. Learn about the latest business news and financial news concerning the market and the economy.