- At-a-glance: Of the companies surveyed, the data shows that 29 percent reported a decrease in employee headcount while 22 percent increased staffing. 49 percent of the companies involved in the survey maintained their number of employees.
- Small business sector: As the presidential election heats up, the nation's unemployment rate will certainly be one of the most discussed economic indicators. Should the jobless rate remain unchanged at 8.2 percent, the small business sector could suffer further losses ahead. Coupled with rising costs of doing business, the sector faces uncertainty.
- What-to-watch: Concerns of global growth prospects weakening will indeed increase business pressures faced by companies in the U.S. Business owners should continually review fiscal controls, process evaluation and metrics management.
The small business sector of the economy continues to attract headline coverage as political and economic pundits stress that the small business owner is the driving force of the economy. The SBEI is focused on this portion of our economy and is a critical component to understanding domestic economic trends.Editor’s notes: (1) The SBEI illustration is licensed under a Creative Commons Attribution-NoDerivs 3.0 Unported License. Based on a work at http://blog.cbiz.com . (2) The United States Department of Labor’s Bureau of Labor Statistics Employment Situation Summary is due to be released on Friday, August 3, at 8:30 a.m. ET. Mr. Noftsinger is available for media interviews to discuss employment trends and other payroll matters impacting the American business environment. About CBIZ, Inc. (NYSE:CBZ) 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 and consulting, internal audit, merger and acquisition advisory and valuation services. Employee services include employee benefits consulting, property and casualty insurance, retirement plan consulting, payroll, life insurance, HR consulting, and executive recruitment. CBIZ also provides outsourced technology staffing and support services, healthcare consulting, and medical practice management. As one of the largest benefits specialists and one of the largest accounting, valuation, and medical practice management companies in the United States, the Company’s services are provided through more than 130 Company offices in 37 states. Visit our website at www.cbiz.com and our blog, “Human Capitalizing,” at http://blog.cbiz.com.