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July proved to be another good month for jobs in the tech sector, with job growth at 0.96 percent, according to TriNet’s SMBeat report. The Boston, Atlanta and New York areas reported much stronger job growth than Silicon Valley. Boston leads job growth with net jobs at 2.13 percent, followed by Atlanta at 2.06 percent and New York Metro at 1.99 percent. Silicon Valley's growth was 0.53 percent.
However, the report found it still pays to work in the San Francisco Bay Area, where the average salary for the tech sector is approximately $119,000. Boston is $19,000 lower at $100,000, followed by Atlanta at $96,000 and New York Metro at $95,000.
The professional employer organization reported employment levels among its client firms rose by 0.37 percent in July — new hires were at 2.87 percent in July and terminations at 2.5 percent — slower than June’s rate of 1.12 percent. The technology and wholesale/retail trade sectors lead the way with 0.96 percent and 0.33 percent net hiring, respectively, while life sciences showed net job losses of 1.31 percent.
The hiring-trend slowdown may be an outcome of the government sequestration and its impact on small businesses, TriNet reported.