CBIZ Small Business Employment Index finds hiring increased substantially

Small businesses were active in their hiring during September, according to the latest CBIZ Small Business Employment Index.

Independence-based business services firm CBIZ Inc. (NYSE: CBZ) said in a news release on Friday, Oct. 2, that the index rose by a seasonally adjusted 1.5% last month — a strong performance by historical standards, given that hiring “usually winds down in September, as summer comes to a close and businesses scale back their headcounts.”

The upswing in September “underscores the volatile nature of the current employment landscape,” CBIZ said.

The CBIZ index certainly has reflected that volatility. The index, which tracks payroll and hiring trends for more than 3,400 companies nationwide that have 300 or fewer employees, fell by 0.48% in August, breaking a positive trend of gains of 1.25% in July and 1.8% in June. It had dropped 2.5% in May and 9.4% in April, when the pandemic kept many

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