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## Hiring Woes Easing for Small Businesses

NEW YORK (AP) ÔÇö Hiring woes may be easing for small businesses. According to the latest report from the CBIZ Small Business Employment Index, there was a seasonally adjusted increase of 0.17% in February. This uptick comes as a welcome relief for small business owners, with the U.S. economy continuing to show strength despite high interest rates.

Small businesses often struggle to retain employees due to their inability to offer competitive salaries and benefits like health insurance. This can lead to high turnover rates, making it difficult for businesses to maintain a stable workforce.

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The CBIZ index tracks hiring trends among thousands of companies with 300 or fewer employees nationwide. According to Anna Rathbun, chief investment officer of CBIZ, the unexpected strength of the U.S. economy is evident in the steady expansion of small business workforces in February.

### Increasing Hiring Opportunities Across Various Industries

In February, 20% of companies in the index increased their staff, while 60% maintained their current headcounts and 20% decreased staff numbers. Certain industries, such as administrative and support services, arts, entertainment and recreation, as well as technology and life sciences, saw gains in hiring. However, industries like accommodation and food services, insurance, and utilities experienced decreases in employment.

### Regional Hiring Trends and National Job Growth

Regionally, the West, Southeast, and Central regions saw slight increases in hiring, while the Northeast region saw a slight decline. These trends mirror the broader market, with U.S. employers adding 275,000 jobs in February, surpassing expectations. This strong job growth demonstrates the resilience of the U.S. economy in the face of high interest rates, with February seeing an increase from the previous month’s gain of 229,000 jobs in January.

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