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Small Business Index Shows Uptick in Hiring; Decline in Layoffs

Posted on: October 25, 2010

According to the TriNet Human Captial Index, companies in the technology and services industry had increased hiring by 0.79% in September.  Layoffs continued to decline to 42.4%.

Jimmy Franzone, TriNet’s vice president of corporate development said “Despite new government incentives, to date representing $29.6 billion in small business lending and recovery loans granted by the Small Business Administration (SBA), small high-wage companies are not adding new employees as rapidly as they were last September.”

The decline in hiring began in the last quarter of 2009, leading to a 19% decrease from September 2009 to September 2010, the period during which we tracked data for the TriNet Hiring Index. While hiring has overall slowed in small companies, layoffs have also continued to slow, indicating that small employers continue to be in a period of stability, focusing acutely on productivity improvement.

trinet hci graph 1
(Image from


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