Employment Metrics - December Result
Inside This Issue
National Employment Report: In December, net job growth increased to 2.09%, a slight improvement over November’s growth of 2.05%.1
- 2014 Year in Review: The TriNet population had a strong showing in 2014 with 22% net job growth, more than double the 2013 growth of 10%. All industries expanded in 2014, although some industries markedly outperformed others.
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SMBeat provides a detailed analysis for trends in key human capital economic indicators for small and medium-sized businesses. TriNet generates employment payroll and other information by tracking real-time movements within its base of approximately 272,000 worksite employees from 10,000 clients (as of 09/30/14). The use of “TriNet population” or “TriNet clients” throughout this document refers to a filtered subset of full-time, salaried TriNet clients’ employees (or worksite employees). All reported statistics are also seasonally adjusted using the US Census Bureau X12-ARIMA methodology unless otherwise indicated. All reported months follow the Bureau of Labor Statistics U.S. jobs report timeline covering the 13th of the previous month to the 12thof the current month. Data from TriNet clients presented in the report represent the following industry verticals: construction, manufacturing, retail/wholesale, professional services, personal services, technology, financial services and life sciences. SMBeat aggregates and reports data from TriNet clients 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. Forward-looking estimates or projections in SMBeat publications are based on data available at the time of publication and TriNet undertakes no obligation to update such data in any future publication based on new information or other factors that may affect actual results. However, slight adjustments will be made to historical figures in time series charts presented in future publications if and when updated employment information about actual prior periods is obtained. All text and figures in the SMBeat are created by internal analysis of TriNet data unless otherwise noted. All sentences in a footnoted paragraph originate from the footnoted sentence source. SMBeat follows the Chicago Manual of Style for footnotes. Any significant changes will be called out in this section or in footnotes.
1 Historical estimates in previous SMBeat publications, when presented in later publications, are routinely revised to incorporate additional data and recalculated seasonal adjustment factors.