Posted 3/26/2024, 3:25:34 PM
Small Business Hiring Shows Modest Gains in February Despite Economic Headwinds
- Hiring woes may be easing for small businesses as the CBIZ Small Business Employment Index rose 0.17% in February
- U.S. economy showing unexpected strength despite high interest rates
- In February, 20% of small businesses in the index hired more staff, 60% made no change, and 20% cut staff
- Industries with hiring gains include administrative, arts/entertainment, and technology
- Small business hiring reflects broader job growth, with 275,000 jobs added in the U.S. in February
