% CHANGE TO EE COUNT FOR REPORTING PERIOD

2

1

0

-1

-2

-3 % CHANGE TO EE COUNT FOR REPORTING PERIOD

OCT

. 201

4

JUN

E 20

14

AUG.

201

4

SEPT

. 201

4

NO

V. 2

014

JAN

. 201

4

FEB.

201

4

APR.

201

4

MAR

. 201

4

MAY

201

4

JULY

201

4

DEC.

201

4

-.08%

-0.40%

-1.04%

-2.10%

1.01%

1.57%

1.25%

0.27%

1.2% 1.22%

-1.82%

-.17%

Small business owners appeared extremely optimistic according to the November NFIB report which pinned its gains to business conditions six months from now. The December SBEI results indicate that hiring advanced for those businesses in December, perhaps a result of that optimism. The path to labor recovery does run through part time growth, as employers step carefully back into investments in labor through part time and temporary help. So while job growth is being realized, full-time growth is still needed, and can reasonably be expected if the overall economic environment can support transition from part time investments in labor to full time commitments.

PHILIP NOFTSINGER — Business unit president for CBIZ Payroll Services

51%21%

28%

DECEMBER AT A GLANCE

51 percent of the small businesses held steady with employee counts in December, with 28 percent of companies adding sta� and 21 percent decreasing payroll commitments. This reading exceeds the prior two December readings in 2013 and 2012 and marks the first positive gain in the Small Business Employment Index since the reading for the period of August 2014.

NO CHANGE

DECREASED STAFFING

INCREASED STAFFING