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Share Name | Share Symbol | Market | Type |
---|---|---|---|
CBIZ Inc | NYSE:CBZ | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.55 | 0.76% | 73.10 | 74.09 | 73.09 | 73.47 | 149,004 | 01:00:00 |
- SBEI records a significant decrease in hiring of 2.26 percent in July, a sharp decline from the prior month’s positive reading -
The CBIZ Small Business Employment Index (SBEI), which tracks hiring trends among thousands of companies that employ 300 or fewer employees across the U.S., reported a significant decrease in hiring activity of 2.26 percent this July. This reading follows a record breaking increase in hiring in June.
“Small businesses are yet to demonstrate their desire to hire employees on a consistent basis and are instead hiring in pulses,” says Philip Noftsinger, President of CBIZ Employee Services Organization. “The reasons behind this likely vary from a declining confidence in the U.S. economy to sustainably grow, to the inability of Congress to make discernable progress on fiscal policy decisions that will impact employee healthcare costs.”
ADP and Moody’s Analytics’ reported that the economy added 178,000 jobs in July, falling below economists’ expectations of 190,000.
To view an infographic with data from the employment index, visit the CBIZ blog.1
Additional takeaways from the July SBEI include:
CBIZ Payroll Services manages payroll services for more than 4,000 businesses. Its index reflects a broad array of industries and geographies corresponding to the markets across the U.S. 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 reports.
Editor’s note:
(1) The SBEI Illustration is licensed under a Creative Commons Attribution-NoDerivs 3.0 Unported License. Based on our work at http://www.cbiz.com/insights-resources/blog.
Follow CBIZ on Twitter at @CBZ or on Facebook.
About CBIZ, Inc.
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, financial advisory, government health care consulting, risk advisory, real estate consulting, and valuation services. Employee services include employee benefits consulting, property and casualty insurance, retirement plan consulting, payroll, life insurance, HR consulting, and executive recruitment. As one of the largest accounting, insurance brokerage and valuation companies in the United States, the Company’s services are provided through more than 100 Company offices in 33 states. CBIZ Employee Services Organization is a division of CBIZ Benefits & Insurance Services, Inc.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170804005055/en/
Gregory FCA for CBIZ, Inc.Kelly Forst, 610-228-2396kellyf@gregoryfca.com
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