SMBeat Highlights

Employment Metrics - June Result

Inside This Issue

  • National Employment Report: In June, net job growth moved to 1.01%, decreasing substantially from May’s growth of 1.69%.1

  • Shifting Times: How the Recession Impacted Work/Life Balance Across Industries: The Great Recession and the slow recovery have impacted Americans in various ways. In this SMBeat, we show how full-time employees reacted to the economic changes by how they allocated their time between work, leisure and vacation and how it varies by industry.

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About SMBeat

SMBeat provides a detailed analysis for trends in key human capital economic indicators for small and medium-sized 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 9,000 (as of 03/31/14) business clients’ full-time salaried employees (the TriNet population). These companies represent the following industry verticals: construction, manufacturing, retail/wholesale, professional services, personal services, technology, financial services, and life sciences. 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.  Any significant changes will be called out in this section or in footnotes.

1 Revised estimates.