{"id":451658,"date":"2021-03-05T07:48:29","date_gmt":"2021-03-05T12:48:29","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=451658"},"modified":"2021-03-05T07:48:29","modified_gmt":"2021-03-05T12:48:29","slug":"small-businesses-show-renewed-commitment-to-hiring-in-february","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/small-businesses-show-renewed-commitment-to-hiring-in-february\/","title":{"rendered":"Small Businesses Show Renewed Commitment to Hiring in February"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Small Businesses Show Renewed Commitment to Hiring in February<\/b><\/p>\n<p class=\"bwalignc\"><i>Following a negative reading in January, small businesses increase headcounts as pandemic restrictions ease, according to the CBIZ Small Business Employment Index<\/i><\/p>\n<p>CLEVELAND&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nThe CBIZ Small Business Employment Index (\u201cSBEI\u201d) reported a seasonally adjusted gain of 0.99% for February, signaling a turnaround from the index\u2019s abrupt decline in January. February\u2019s growth comes as more states ease COVID-19 restrictions, making way for small businesses to resume activities. The CBIZ SBEI tracks payroll and hiring trends for over 3,400 companies that have 300 or fewer employees, providing broad insight into small business trends.\n<\/p>\n<p>\n\u201cThe uptick in small business hiring is a welcome sign, particularly following a disappointing dip to start the year,\u201d said Philip Noftsinger, Executive Vice President, CBIZ, Inc. \u201cThe continued loosening of state-based restrictions, the introduction of a third vaccine and the continued push toward herd immunity open the door for more positive trends in the future.\u201d\n<\/p>\n<p>\nThe ADP and Moody\u2019s employment report also noted hiring growth in February. According to the data, private-sector jobs rose by 117,000 on a month-over-month, seasonally adjusted basis. Small business jobs rose by 32,000. The ADP and Moody\u2019s report counts small businesses as companies with 49 or fewer employees, while the CBIZ SBEI uses data from companies with 300 employees or fewer.\n<\/p>\n<p>\nRegional data from the CBIZ SBEI sheds light on February\u2019s reading. The West (4.58%) played a leading role in overarching growth, partly due to sectors of the economy reopening. Hiring also increased in the Southeast (0.74%), Central (0.68%) and Northeast (0.05%) regions of the U.S., but to a smaller degree.\n<\/p>\n<p>\nAnother telling sign of economic reopening came from Accommodation and Food Services, where hiring outpaced almost every other industry. Information, Healthcare, and Educational Services also expanded hiring. Yet prominent declines occurred for Technology and Life Sciences, Arts and Entertainment, and Non-Profits.\n<\/p>\n<p>\n\u201cWhile we\u2019re generally seeing some positive data from the CBIZ SBEI for February, certain regions and industries still have some potential due to reopening,\u201d Noftsinger noted. \u201cThis tells us there\u2019s likely still more hiring to come.\u201d\n<\/p>\n<p>\nTo view an infographic with data from the employment index, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.cbiz.com%2Finsights%2Farticles%2Farticle-details%2Fcbiz-small-business-employment-index-reports-jump-in-february-hiring-as-states-begin-to-lift-pandemic-restrictions&amp;esheet=52391314&amp;newsitemid=20210305005066&amp;lan=en-US&amp;anchor=visit+the+CBIZ+website&amp;index=1&amp;md5=0a79d8527ce241e087e4bec8c4ad1287\">visit the CBIZ website<\/a>.\n<\/p>\n<p>\nAdditional takeaways from the February SBEI include:\n<\/p>\n<p><b>February\u2019s snapshot:<\/b> 23% of companies in the index increased employment, 55% kept headcounts stable and 22% decreased employment.\n<\/p>\n<p><b>Industries at a glance: <\/b>Among the industries to increase hiring, Information had the largest growth. Accommodation and Food Services, Healthcare, and Educational Services also reported positive data, while Technology and Life Sciences, Arts and Entertainment, and Non-Profits scaled back hiring.\n<\/p>\n<p><b>Geographical hiring: <\/b>The West saw a major hiring boost, while the Southeast, Central and Northeast U.S. showed less significant gains.\n<\/p>\n<p><b>What\u2019s next?<\/b> More positive trends could be in store, if the U.S. economy reopens further as herd immunity becomes a more realistic scenario.\n<\/p>\n<p><b>Editor\u2019s note:<\/b><\/p>\n<p>\n(1) The SBEI illustration is licensed under a Creative Commons Attribution-NoDerivs 3.0 Unported License. Based on our work at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.cbiz.com&amp;esheet=52391314&amp;newsitemid=20210305005066&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.cbiz.com&amp;index=2&amp;md5=6dac475bb8602c87cd3e50c7ab2ec9cd\">https:\/\/www.cbiz.com<\/a>.\n<\/p>\n<p>\nFollow CBIZ on Twitter at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ftwitter.com%2Fcbz&amp;esheet=52391314&amp;newsitemid=20210305005066&amp;lan=en-US&amp;anchor=%40CBZ&amp;index=3&amp;md5=03a2289c816297684c675bb2ac01eab7\">@CBZ<\/a> or on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.facebook.com%2Fcbizcareers%2F&amp;esheet=52391314&amp;newsitemid=20210305005066&amp;lan=en-US&amp;anchor=Facebook&amp;index=4&amp;md5=3bd173357b57a3053b376691bcbc0170\">Facebook<\/a>.\n<\/p>\n<p><b>About CBIZ<\/b><\/p>\n<p>\nCBIZ, Inc. is a leading provider of financial, insurance and advisory services to businesses throughout the United States. Financial services include accounting, tax, government health care consulting, transaction advisory, risk advisory, and valuation services. Insurance services include employee benefits consulting, retirement plan consulting, property and casualty insurance, payroll, and human capital consulting. With more than 100 Company offices in 31 states, CBIZ is one of the largest accounting and insurance brokerage providers in the U.S. For more information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.cbiz.com&amp;esheet=52391314&amp;newsitemid=20210305005066&amp;lan=en-US&amp;anchor=www.cbiz.com&amp;index=5&amp;md5=43fbe70301324fb0db4ad740f6b51616\">www.cbiz.com<\/a>.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210305005066r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210305005066\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210305005066\/en\/<\/a><\/span><\/p>\n<p>\nSandy McKenzie<br \/>\n<br \/>Gregory FCA for CBIZ<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:sandy@gregoryfca.com\">sandy@gregoryfca.com<br \/>\n<\/a><br \/>610-228-2147\n<\/p>\n<p><b>KEYWORDS:<\/b> United States North America Ohio<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Small Business Insurance Finance Consulting Accounting<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210305005066\/en\/676946\/3\/CBIZ_Logo_%281%29.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Small Businesses Show Renewed Commitment to Hiring in February Following a negative reading in January, small businesses increase headcounts as pandemic restrictions ease, according to the CBIZ Small Business Employment Index CLEVELAND&#8211;(BUSINESS WIRE)&#8211; The CBIZ Small Business Employment Index (\u201cSBEI\u201d) reported a seasonally adjusted gain of 0.99% for February, signaling a turnaround from the index\u2019s abrupt decline in January. February\u2019s growth comes as more states ease COVID-19 restrictions, making way for small businesses to resume activities. The CBIZ SBEI tracks payroll and hiring trends for over 3,400 companies that have 300 or fewer employees, providing broad insight into small business trends. \u201cThe uptick in small business hiring is a welcome sign, particularly following a disappointing dip to start the year,\u201d &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/small-businesses-show-renewed-commitment-to-hiring-in-february\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Small Businesses Show Renewed Commitment to Hiring in February&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-451658","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Small Businesses Show Renewed Commitment to Hiring in February - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/small-businesses-show-renewed-commitment-to-hiring-in-february\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Small Businesses Show Renewed Commitment to Hiring in February - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Small Businesses Show Renewed Commitment to Hiring in February Following a negative reading in January, small businesses increase headcounts as pandemic restrictions ease, according to the CBIZ Small Business Employment Index CLEVELAND&#8211;(BUSINESS WIRE)&#8211; The CBIZ Small Business Employment Index (\u201cSBEI\u201d) reported a seasonally adjusted gain of 0.99% for February, signaling a turnaround from the index\u2019s abrupt decline in January. February\u2019s growth comes as more states ease COVID-19 restrictions, making way for small businesses to resume activities. The CBIZ SBEI tracks payroll and hiring trends for over 3,400 companies that have 300 or fewer employees, providing broad insight into small business trends. \u201cThe uptick in small business hiring is a welcome sign, particularly following a disappointing dip to start the year,\u201d &hellip; Continue reading &quot;Small Businesses Show Renewed Commitment to Hiring in February&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/small-businesses-show-renewed-commitment-to-hiring-in-february\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-05T12:48:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210305005066r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/small-businesses-show-renewed-commitment-to-hiring-in-february\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/small-businesses-show-renewed-commitment-to-hiring-in-february\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Small Businesses Show Renewed Commitment to Hiring in February\",\"datePublished\":\"2021-03-05T12:48:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/small-businesses-show-renewed-commitment-to-hiring-in-february\\\/\"},\"wordCount\":634,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/small-businesses-show-renewed-commitment-to-hiring-in-february\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20210305005066r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/small-businesses-show-renewed-commitment-to-hiring-in-february\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/small-businesses-show-renewed-commitment-to-hiring-in-february\\\/\",\"name\":\"Small Businesses Show Renewed Commitment to Hiring in February - 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February\u2019s growth comes as more states ease COVID-19 restrictions, making way for small businesses to resume activities. The CBIZ SBEI tracks payroll and hiring trends for over 3,400 companies that have 300 or fewer employees, providing broad insight into small business trends. \u201cThe uptick in small business hiring is a welcome sign, particularly following a disappointing dip to start the year,\u201d &hellip; Continue reading \"Small Businesses Show Renewed Commitment to Hiring in February\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/small-businesses-show-renewed-commitment-to-hiring-in-february\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-05T12:48:29+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210305005066r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/small-businesses-show-renewed-commitment-to-hiring-in-february\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/small-businesses-show-renewed-commitment-to-hiring-in-february\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Small Businesses Show Renewed Commitment to Hiring in February","datePublished":"2021-03-05T12:48:29+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/small-businesses-show-renewed-commitment-to-hiring-in-february\/"},"wordCount":634,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/small-businesses-show-renewed-commitment-to-hiring-in-february\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210305005066r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/small-businesses-show-renewed-commitment-to-hiring-in-february\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/small-businesses-show-renewed-commitment-to-hiring-in-february\/","name":"Small Businesses Show Renewed Commitment to Hiring in February - 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