Small business hiring in the U.S. increased by 0.17% in February, despite high interest rates.

Small business hiring in the U.S. has increased by 0.17% in February, according to the CBIZ Small Business Employment Index, which tracks hiring among thousands of companies with 300 or fewer employees. Despite high interest rates, the U.S. economy has shown unexpected strength allowing small businesses to expand their workforce. However, small businesses face challenges in retaining staff due to limited ability to offer higher salaries or other benefits.

March 30, 2024
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