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.

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%.