Small business employment grows rapidly

The job market is looking up and small businesses are reaping the benefits.

The CBIZ Small Business Employment Index, which tracks hiring at companies with 300 or fewer employees, reported a 1.66 percent increase in March, the highest month-over-month increase since June 2010.

“I think it’s an extremely positive sign, economically,” said Philip Noftsinger, business unit president for CBIZ Payroll Services. He said that while employment gains at larger firms could be attributed to increases in overseas business, small business job recovery is encouraging because it implies growing demand within the U.S. economy.

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