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TriNet report finds strong hiring in US tech sector in April

May 15, 2014

The strong trend in hiring for the U.S. tech sector continued in April with net job growth at 1.87 percent, significantly higher than March’s 1.76 percent net job growth, according to TriNet Group Inc.’s (NYSE: TNET) SMBeat report.

All reported months run from the 13th of the previous month to the 12th of the current month. TriNet generates payroll information by tracking real-time movements within its base of approximately 8,900 entrepreneurial businesses' full-time employees. It is one of the largest professional employer organizations and in March commenced trading on the New York Stock Exchange.

According to TriNet’s report, Atlanta leads the tech sector in April with 3.33 percent net job growth. The Boston area experienced the second-highest net growth rate at 2.82 percent. The Silicon Valley, New York and Los Angeles metro areas also performed well this month with 1.92 percent, 1.91 percent and 1.34 percent net job growth, respectively. The Denver-Boulder area grew more slowly than the other tech hubs, growing at a rate of 0.70 percent.

The professional employer organization reported employment levels among its client firms rose by 1.40 percent in April, faster than March’s rate of 0.86 percent. New hires were at 3.71 percent, and terminations and quits at 1.10 percent and 1.27 percent, respectively.