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Small-business hiring sees slight recovery

Although small-business hiring dropped by 0.89 percent during October, it represents a slight recovery after a decline of 2.55 percent in September, according to the CBIZ Small Business Employment Index.

By Amanda McGrory-Dixon | Updated on November 06, 2012

Although small-business hiring dropped by 0.89 percent during October, it represents a slight recovery after a decline of 2.55 percent in September, according to the CBIZ Small Business Employment Index, a barometer measuring hiring trends for more than 3,500 companies with 300 or fewer employees.

This metric comes soon after ADP’s October jobs survey that showed the private sector created 158,000 jobs, which is higher than analysts’ estimates and September’s revised tally of 114,000 new jobs.

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