Employment Metrics - November Result
Inside This Issue
- National Employment Report: The net job growth of the TriNet population jumped to 1.32% for November, nearly doubling October's growth of 0.71%.1
- What's Hot: Technology - November is continuing the strong trend in hiring for the tech sector. Nationally, the tech sector saw 1.93% net job growth, increasing substantially from last month's growth of 1.23%.2 Silicon Valley is looking to regain its position as the industry leader, falling second only to New York while outpacing Atlanta, Denver-Boulder, and Los Angeles. Retail/Wholesale - November marks a turning point for the Retail/Wholesale sector as net job growth moved to 1.44%, perhaps an indicator of a strong upcoming 2013 holiday shopping season.
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SMBeat provides a detailed analysis and a predictive forecast for trends in key human capital economic indicators for small businesses. All reported statistics are seasonally adjusted unless otherwise indicated. 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 8,000 entrepreneurial businesses whose employees earn approximately $100,000 in annual base salary. These companies fall primarily into three broad industry segments: technology, professional services, and financial services. SMBeat aggregates and reports data reflecting compensation, hiring and retention (both involuntary terminations and voluntary resignations), and also provides ongoing analysis of contributing factors to these trends, including regional, industry and seasonal variables. Slight adjustments will be made to historical figures in time series charts if and when updated employment information about actual prior periods is obtained.
1,2 Revised estimates.