Small Business in Retail and Wholesale Up 27% for This Holiday Season Compared to 2012

SAN LEANDRO, Calif. – DECEMBER 5, 2013 – TriNet, a leading cloud-based provider of HR services, today announced the findings of the November issue of its TriNet SMBeat. The SMBeat report is a monthly analysis of small business employment and human capital economic indicators. A key finding of the report is that on the opening of the 2013 holiday shopping season, month over month net job growth increased 25% moving to 1.44% in the retail and wholesale markets. In addition, the report data shows a year-over-year increase in hiring and a simultaneous decrease in year-over-year terminations. Both are positive economic indicators for the retail and wholesale small business sectors.

Tweet This: TriNet reports retail and wholesale hiring up 27% in November compared to last year http://bit.ly/1g80SfW

Key findings -sourced from TriNet’s more than 8,000 customers and over 220,000 worksite employees in the U.S.

Compared to November 2012, November 2013 retail and wholesale hiring is up 27%.
Retail and wholesale terminations this November are down 19% as compared to November last year.
California was the only state that went against the national growth trend in retail and wholesale sectors, with net job losses at -1.32%.
In the technology sector, national net job growth increased, moving from 1.23% last month to 1.93%.
Regionally, the Silicon Valley tech sector continued to close the job creation gap with other tech hubs across the country as net job growth jumped to 2.23%. Silicon Valley outpaced the net job growth of Denver-Boulder (0.55%), Atlanta (1.36%), and Los Angeles (1.55%).
Only the New York Metro area outperformed Silicon Valley in the tech sector. Net job growth in the New York Metro tech sector rebounded from 0.50% in October and jumped to 2.45% in November.

In addition to the strong growth in the retail, wholesale and tech verticals, the TriNet population as a whole, comprising over 220,000 employees of small businesses, experienced a net job growth of 1.32%, nearly doubling from October’s growth of 0.71%.

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 Bond PR

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 Announces New Product Features That Enhance the Competitive Edge for Small and Medium-Size Businesses

March 2, 2021

Dublin, CA —March 2, 2021 — TriNet, a leading provider of comprehensive human resources solutions, today announced new product features to its full-service HR solution for small and medium-size businesses (SMBs). Designed for an increasingly changing business landscape, these updates include a range of enhanced features to enable a more productive, equitable and inclusive workplace—including compensation benchmarking, mobile capabilities for administrators, reporting enhancements, and the ability for individuals to select pronoun and gender identity within the TriNet platform.

TriNet Announces Pricing of a Private Offering of $500 Million of Senior Notes due 2029

February 23, 2021

DUBLIN, Calif., Feb. 23, 2021 /PRNewswire/ -- TriNet Group, Inc. ("TriNet" or the "Company") (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses, announced today that it has priced $500 million in aggregate principal amount of its 3.5% senior notes due 2029 (the "notes") in a private offering (the "offering") that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act").

TriNet Announces Proposed Private Offering of $500 Million of Senior Notes due 2029

February 22, 2021

DUBLIN, Calif., Feb. 22, 2021 /PRNewswire/ -- TriNet Group, Inc. ("TriNet" or the "Company") (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses, announced today that it intends to offer, subject to market and other conditions, $500 million in aggregate principal amount of its senior notes due 2029 (the "notes") in a private offering (the "offering") that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act").