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Stock impact report

Small Business Hiring Continues to Trend Downward in November [Yahoo! Finance]

CBIZ, Inc. (CBZ) 
Last cbiz, inc. earnings: 2/20 06:30 am Check Earnings Report
US:NYSE Investor Relations: phx.corporate-ir.net/4h1u.url
Company Research Source: Yahoo! Finance
CLEVELAND, December 10, 2024 BUSINESS WIRE )--The CBIZ Small Business Employment Index ("SBEI") reported a seasonally adjusted decrease of 0.83% in November, marking the third consecutive month of declines. The CBIZ SBEI tracks payroll and hiring data for over 2,800 companies with 300 or fewer employees, providing broad insight into small business trends. "While there is optimism about the potential growth under the new administration, the fundamentals of the U.S. economy remain sobering," said Anna Rathbun, CFA, Chief Investment Officer, CBIZ Investment Advisory Services, LLC. "SBEI has been negative for five of the last six months, reflecting persistent challenges. High prices continue to weigh on consumers, business margins remain under pressure, and elevated borrowing rates are impacting interest rate-sensitive sectors despite the positive sentiment surrounding changes in Washington." The Bureau of Labor Statistics' employment report indicated hiring growth that beat expectat Show less Read more
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