TriNet releases September SMBeat employment report
SAN LEANDRO, Calif. – Oct. 7, 2015 – TriNet (NYSE: TNET), a leading cloud-based provider of HR services, today announced the findings of its September 2015 SMBeat®, a monthly analysis of small and midsize business (SMB) employment and human capital economic indicators. September’s report focuses on geographic and industry trends on a national scale, showing increased employment stability and positive growth in major industries.
The TriNet SMBeat employment index is up 11% compared to the same time last year. Additionally, this month, the index increased 0.5%, moving from 200 to 201.
For the second month in a row, Massachusetts improved most over other states across the TriNet population, with a 1.8% gain over August, moving the index to 387. Also for the second month in a row, the Riverside, Calif. area had the highest month-over-month change across metro areas in the TriNet population, with an increase of 1.6%, moving the index value to 62.
The construction sector had the strongest month-over-month gain across all industries, increasing to a 93 index value. Surprisingly, the construction sector replaces the information sector – which showed greatest industry gains for six months in a row – at the top of the industry ranking. Other industries that performed well this month were the information and leisure, and hospitality sectors, with increases of 1.8% and 1.3%, moving the indices to 730 and 80, respectively.
Below are the key findings of the September 2015 TriNet SMBeat Report. All data related to employment growth and losses are sourced from the TriNet population of more than 11,000 clients and over 302,000 worksite employees in the U.S. This month’s report results reveal:
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TriNet is a leading provider of a comprehensive human resources solution for small to midsize businesses, or SMBs. We enhance business productivity by enabling our clients to outsource their human resources, or HR, function to one strategic partner and allowing them to focus on operating and growing their core businesses. Our HR solution includes services such as payroll processing, human capital consulting, employment law compliance and employee benefits, including health insurance, retirement plans and workers compensation insurance. Our services are delivered by our expert team of HR professionals and enabled by our proprietary, cloud-based technology platform, which allows our clients and their employees to efficiently conduct their HR transactions anytime and anywhere. For more information, please visit http://www.trinet.com.
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.
 As of June 30, 2015. Data is sourced from full-time and salaried employees of TriNet clients, whom we refer to as worksite employees.
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