According to the SHRM Leading Indicators of National Employment (LINE) Report for June 2012, job creation will continue in the manufacturing and service sectors in June but for the 5th month in the past 6th months, the rate of growth will fall behind the rate of previous years.
Although the rate of growth will fall behind that of previous years, a net of 43.8 percent of manufacturers will add jobs in June, while a net of 22.4 percent of service-sector companies will conduct hiring.
Difficulty in recruiting will remain similar to of May and will fall slightly in both sectors compared to a year ago. Recruiting difficulty fell a mere 0.3 percent in the manufacturing sector and 0.2 percent in the service sector. At the same time, job openings fell for both salaried and nonsalaried positions in both sectors compared to a year ago.
In May, the rate of increase for new-hire compensation rose slightly in both sectors compared to that of a year ago; 4.4 percent in the manufacturing sector and 1.6 in the service sector.
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.