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US – TriNet Report: Sluggish Job Growth

September 24 2012

TriNet’s SMBeat report, an analysis of small business trends, found that employment levels at firms covered by TriNet rose by 0.43 percent in August from the previous month. The increase is a slowdown from July, when employment rose by 2.5 percent.

Strong net job growth in the Southern California biotech sector was a silver lining to otherwise tepid growth for technology companies in the San Francisco Bay Area and financial service firms in New York.

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. 


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