Hiring Decreases in November as Uncertainty Catches Up to Small Business Sector

CLEVELAND–(BUSINESS WIRE)–The CBIZ Small Business Employment Index (“SBEI”) reported a 1.06% seasonally adjusted decrease for November, veering from historical year-end data that is largely supported by the holiday shopping season. Waning consumer confidence, increasing COVID-19 cases, travel restrictions and political rhetoric have weighed on small businesses and been reflected in their hiring practices. The CBIZ SBEI tracks payroll and hiring trends for over 3,500 companies that have 300 or fewer employees, providing broad insight into small business trends.

“The CBIZ SBEI reveals a startling decline in November, further illuminating the unique headwinds the small business landscape has faced this year,” said…