According to the SHRM Leading Indicators of National Employment (LINE) Report for July 2012, hiring is not expected to ramp up significantly in either the service or manufacturing sectors, compared to previous years. The LINE results for July 2012 reflect an ongoing trend of steady job growth each month, but also reveal a pace that has not kept up with rates from the previous year.
SHRM: July LINE Report
Hiring will be steady in the manufacturing sector in July with a net of 36.7 percent of manufacturers adding jobs in July. Similarly, a net of 24.1 percent of service-sector companies will conduct hiring.
In June, recruiting difficulty was mixed, rising slightly in the manufacturing sector and falling sharply in the service sector, compared to a year ago. A net of 15.0 percent of manufacturing respondents had more difficulty with recruiting in June.
Job vacancies were similarly varied. Vacancies rose slightly for salaried positions in both sectors compared to a year ago, but fell for hourly positions in both sectors.
The LINE Employment Report examines four key areas: employers’ hiring expectations, new-hire compensation, difficulty in recruiting top-level talent and job vacancies. It is based on a monthly survey of private-sector human resource professionals at more than 500 manufacturing and 500 service-sector companies. Together, these two sectors employ more than 90 percent of the nation’s private-sector workers.
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