Press Releases

Construction and Technology Fastest Growing Sectors in Small Business Job Growth in 2013

SAN LEANDRO, Calif. – JANUARY 8, 2013 – TriNet, a leading cloud-based provider of HR services, today announced the findings of the December issue of its TriNet SMBeat. The SMBeat report is a monthly analysis of small business employment and human capital economic indicators. December’s report features an analysis of overall net job growth for 2013. A key finding of the report is that construction and technology were the hottest growing sectors for 2013, with a net job growth of 21.53% and 21.07% respectively.

Tweet This: TriNet: Construction and tech verticals hottest growing sectors for small businesses in 2013. http://bit.ly/K3vkti

Key findings - sourced from TriNet’s more than 8,000 customers and over 218,000 worksite employees in the U.S.

  • Driven largely by the boom in building around the energy industry, Texas led the nation in construction, rebounding strongly with an annual average net job growth of 68.06%.
  • Startups fueled the New York tech sector’s annual net job growth of approximately 28.9%, outperforming Silicon Valley, which saw a 20.6% annual growth rate for 2013.
  • Slower to pick up as the economy recovers, the financial services and agriculture, manufacturing and mining sectors experienced the lowest positive annual net job growth in 2013, with 3.35% and 2.63% respectively.
  • Despite slow growth in financial services vertical overall, the finance hub of New York state posted an annual net job growth of 4.66% in this sector.
  • California, which is recovering from the economic downturn and growing across all sectors, fared better than the rest of the country in net job growth for the agriculture, manufacturing, and mining vertical, showing an annual growth rate of 2.86%.

 

In addition to the strong growth in construction and technology, the TriNet population as a whole finished December with a net job growth of 1.32%, bringing net job growth for 2013 to 9.8%

 

For more information on TriNet, follow us on Twitter, LinkedIn, YouTube, and Facebook.

###

 

About TriNet

TriNet is a trusted strategic HR partner to small businesses, providing critical HR-related services on an outsourced basis. TriNet's solutions help contain costs, minimize employer-related risks, and relieve administrative burden to keep an entrepreneur's focus on their core business functions. From employee benefits and payroll processing to high-level human capital consulting, TriNet's Professional Employer Organization (PEO) expertise and best in class systems relieve clients of many of the day to day administrative burdens that distract them from building and growing their businesses. TriNet serves small and medium-sized companies in a broad range of verticals such as biotech, consulting, financial services, food services, hospitality, not-for-profit, technology and many others, who recognize that top-quality employees are the most critical competitive asset. For more information, please visit http://www.trinet.com.

 

Media Contacts:

Jock Breitwieser                                    Michelle Sieling

TriNet                                                       BondPR

Jock.Breitwieser@TriNet.com            Michelle@bondprus.com

(510) 875-7250                                      (415) 349-7434

 

TriNet, Ambitions Realized and the TriNet logo are registered trademarks of TriNet. All other trademarks, service marks, registered trademarks, or registered service marks are the property of their respective owners.

 

Latest Press Releases

TriNet’s COVID-19 Resource Center Earns a Silver Stevie® Award for Most Valuable Corporate Response

September 23, 2020

TriNet, a leading provider of comprehensive human resources solutions for small and medium-size (SMB) businesses, today announced they received a prestigious international SILVER Stevie® Award in The 17th Annual International Business Awards®. TriNet was honored for “Most Valuable Corporate Response” in the COVID-19 Response category for the company’s efforts in helping SMBs navigate the pandemic.

TriNet Unveils the Next Chapter of Its Award-Winning ‘People Matter’ Ad Campaign

September 16, 2020

TriNet, a leading provider of comprehensive human resources, today announced the next chapter of its award-winning “People Matter” campaign. With a focus on the challenges small and medium-size businesses are facing in the wake of COVID-19, the new campaign captures the human side of HR with a healthy dose of some much-needed humor during these unprecedented times.

Announcing TriNet PeopleForce: A Virtual Conference Focused on Business Resiliency & Growth, Health Care Trends, Diversity & Inclusion, and the Future of Work for SMBs

September 10, 2020

TriNet, a leading provider of comprehensive human resources, today announced the launch of TriNet PeopleForce. The inaugural event of this virtual conference will take place October 20-22, with small and medium-size businesses (SMBs) participating in sessions focused on maintaining and growing business during times of uncertainty.