SMBeat Archives

Executive Summary - June 2015

National Report

This month the TriNet SMBeat employment index is at 192, up 0.5% from last month.


Geographic Trends

GEOGRAPHIC TRENDS - Arizona improved the most this month compared to other selected states across the TriNet population, with an employment index of 160. Across selected metro areas in the TriNet population the Boston, MA area had the best month-over-month increase of 1.9%.


Industry Trends

INDUSTRY TRENDS - The information sector enjoyed the highest month-over-month gain this month of 2%, moving the employment index value to 669.


National Employment Report

This month the TriNet SMBeat employment index increased 0.5%, moving from 191 to 192. Additionally, the index is up 12% compared to the same time last year. The hiring rate index decreased this month from 68 to 67.

The termination rate index did not change from May to June. Voluntary terminations are also the same as last month, remaining at 93. The involuntary termination index is down this month, moving from 38 to 36, a 5.3% change.

Industry Trends

Industry gains were mixed in June. The information sector enjoyed the highest month-over-month gain of 2% this month, bringing the employment index value to 669. The professional and business services and construction sectors also performed well this month, increasing by 1.4% and 1.1% and moving the indices to 295 and 88, respectively. The chart below details the 10-year trend in industry employment levels.


Industry NAICS Codes

Ag-Mining-Utilities 11-22
Construction 23
Manufacturing 31-33
Wholesale Trade 42
Retail Trade 44-45
Transportation-Warehousing 48-49
Information 51
Financial Activities 52-53
Prof. & Business Svcs. 54-56
Edu. & Health Svcs. 61-62
Leisure & Hospitality 71-72
Other Svcs. 81-92

About SMBeat

SMBeat provides a detailed analysis of trends in key human capital economic indicators for small and midsize businesses. TriNet generates employment payroll and other information by tracking real-time movements within its base of more than 11,000 clients with 288,000+ worksite employees (as of 3/31/15). 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 12th of the current month. All indexed values are set to 100 for January 2005. 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 in previous editions of SMBeat will be called out in this section or in footnotes.