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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.