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SMALL BUSINESSEMPLOYMENT INDEX

JANUARY 2017

19% of companies in the SBEI increased staff, 46% kept staff totals steady,and 35% decreased headcounts.

TRENDING BY REGION

INCREASED DECREASED NO CHANGE

-3.12%

-0.82%-0.23%

-1.61%

-0.17%

1.60%

6 MONTH OVERVIEW

AUG SEP OCT NOV DEC JAN

JANUARY AT A GLANCE

46%NO

CHANGE

19%INCREASEDSTAFFING

35%DECREASED

STAFFING

TRENDING BY INDUSTRY

INCREASED DECREASED NO CHANGE

RETAILAGRICULTUREINSURANCE ACCOMMODATION& FOODSERVICE

ARTS &ENTERTAINMENT

FINANCIALSERVICES

CONSTRUCTIONEDUCATION

-2.43%-3.30%

-2.76%

-3.69%

“When compared with previous January periods, this reading of the SBEI doesn’t in itself suggest a sentiment shift among small business owners. Rather, this reading is a natural result in January as owners adjust out of the high retail season in December. However, it’s vital that we see the months ahead demonstrate better results than the historical averages to support the notion that January isn’t a warning of changing expectations.” –Philip Noftsinger, President of CBIZ Employee Services Organization