The TriNet SMBeat employment index is up 11% compared with the same time last year. Additionally, this month, the index increased 0.5%, moving from 200 to 201. The hiring rate index is the same as the last three months, with a value of 68.
The construction sector had the strongest month-to-month gain across all industries, increasing by 2.2%. Furthermore, the construction sector replaced the information sector—which had showed the 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%, respectively.