Hiring challenges for small businesses may be starting to ease, according to the latest data from the CBIZ Small Business Employment Index. In February, there was a seasonally adjusted increase of 0.17%, indicating a positive trend in hiring among small companies with 300 or fewer employees across the U.S.
Despite the current high interest rate environment, the U.S. economy continues to show strength, which has allowed small businesses to expand their workforces. One of the main difficulties faced by small businesses is retaining employees, as they often cannot match the higher salaries and benefits offered by larger corporations.
