- July 2, 2021
- Posted by: Stratford Team
- Category: Business
CLEVELAND–(BUSINESS WIRE)–The CBIZ Small Business Employment Index (“SBEI”) reported a seasonally adjusted increase of 0.34% for June. This increase is a positive sign of growth for the small business sector and its overarching trajectory for economic recovery. The CBIZ SBEI tracks payroll and hiring trends for over 3,600 companies that have 300 or fewer employees, providing broad insight into small business trends.
“The June 2021 reading supports historical trends, as businesses increase seasonal hiring heading into the summer months,” said Philip Noftsinger, Executive Vice President, CBIZ, Inc. “The data is also supportive of the broader growth trajectory we have seen as the small business landscape recovers from the pandemic.”
The ADP and Moody’s employment report showed tangible hiring growth as well. According to the data, private-sector jobs increased by 692,000 on a month-over-month, seasonally adjusted basis. Small…
