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TriNet’s SMBeat report, an analysis of small business trends, found that employment levels at firms covered by TriNet increased by 1.05 percent in September. The increase is more than double the 0.51 percent growth reported in August.
Strong net job growth improvements in the Southern California Biotech and New York City financial service firms outpace slower, but improving, growth in San Francisco Bay area tech companies.
TriNet, a San Leandro, Calif.-based professional employer organization, bases its report on aggregated data from 5,000 business customers whose employees earn approximately $100,000 in base salary. The data is seasonally adjusted.