Small Business

Consecutive Monthly Declines in August Revealed by U.S CBIZ Small Business Employment Index

It was found that the CBIZ Small Business Employment Index was decreased by 1.01 percent in August 2010. According to the CBIZ Payroll Services, this was found to be a second consecutive monthly decline in employee payrolls within the small businesses surveyed. It indicates the cautious feature of small businesses.

According to the data provided by the CBIZ Payroll Services, 28 percent of the companies managed by the CBIZ Payroll Services slashed the headcount in August 2010. More jobs had been added than cut based on the year-to-date statistics.

Employees were added by about 22 percent of 2,964 companies included in the survey in August. No change was made in 50 percent of the companies. It was reported that there had been a relative stability in the overall employment market. As of August 2010, CBIZ Payroll Services managed more than 2,900 businesses employing fewer than 300 people. A broad range of industries and geographies corresponding to the markets across the United States are included in the CBIZ Payroll Services.