NATIONAL EMPLOYMENT REPORT -
This month the TriNet SMBeat employment index is at 201, up 0.5% from last month.
GEOGRAPHIC TRENDS - Massachusetts improved the most compared to other selected states across the TriNet population with a September employment index of 387. Across selected metro areas in the TriNet population, Riverside, California had the best month-over-month change at 1.6%.
INDUSTRY TRENDS - The construction sector enjoyed the highest month-over-month gain of 2.2%, moving the September employment index value to 93.
This month the TriNet SMBeat employment index increased 0.5%, moving from 200 to 201. Additionally, the index is up 11% compared to the same time last year. The hiring rate index is the same as last month with a value of 68.
The termination rate index decreased in September, moving from 60 to 59. Similarly, voluntary terminations decreased this month with the index seeing a 2% change, moving from 98 to 96. The involuntary termination index is down this month by 2.6%, moving from 39 to 38.
Industry gains were mixed in September. The construction sector enjoyed the highest month-over-month gain this month of 2.2%, bringing the September employment index value to 93. The information and leisure and hospitality sectors also performed well this month, increasing by 1.8% and 1.3%, moving the indices to 730 and 80, respectively. The chart below details the 10-year trend in industry employment levels.
Massachusetts had good gains in September with a month-over-month increase of 1.8%, moving the index value to 387. The Riverside, California metro area had a month-over-month gain of 1.6%, moving the index value to 62. Nevada decreased 0.6% this month with an index value of 155. The Jacksonville, Florida metro area decreased 1.4% this month, with an index value of 68.
Industry NAICS Codes
|Prof. & Business Svcs.||54-56|
|Edu. & Health Svcs.||61-62|
|Leisure & Hospitality||71-72|
SMBeat provides a detailed analysis for 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 approximately 302,000 worksite employees (as of 6/30/15). 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 U.S. 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.