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Stock impact report

Small and Mid-Sized Businesses Report Rise in Economic Confidence as Interest Rate Concerns Decline [Yahoo! Finance]

CBIZ, Inc. (CBZ) 
Last cbiz, inc. earnings: 2/20 06:30 am Check Earnings Report
US:NYSE Investor Relations: phx.corporate-ir.net/4h1u.url
Company Research Source: Yahoo! Finance
CLEVELAND, February 20, 2024 BUSINESS WIRE CBIZ, Inc. (NYSE: CBZ), a leading provider of financial, insurance and advisory services, has released the results of its Q1 2024 Main Street Index, taking the pulse of and gauging the outlook for small and mid-sized businesses (SMBs). Companies reported a notable positive shift in economic sentiment, with only 33% reporting concerns about interest rates affecting their bottom line, compared to 61% in the third quarter of 2023. Still, more than four in 10 businesses (44%) have some degree of concern about a recession. The Index also found labor challenges persist for SMBs. Staffing concerns accounted for two of the three top issues, with the worry of having an adequate number of skilled workers on staff (47%) topping the list and employee retention (39%) the third highest. Headcounts remained more stable this quarter (63%), compared to Q3 of last year (54%), with businesses reporting fewer hiring freezes and layoffs. The Index found nearly Show less Read more
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