SHRM Leading Indicators of National Employment® (LINE®): July 2014

In July, hiring rates will reach four-year highs for the month in the manufacturing and service sectors, according to the Society for Human Resource Management’s (SHRM) Leading Indicators of National Employment (LINE) survey for July 2014.

■ Manufacturers, services ramp up hiring in July. Roughly half of manufacturers (53.2 percent) and service-sector companies (49.2 percent) will add jobs in July. 

■ Recruiting difficulty continued in June. Difficulty in recruiting candidates for key jobs rose in June in both sectors compared with a year ago.

■ Pay rates for new hires showed slight improvement in June. The rate of increase for new-hire compensation rose in June in June in both sectors compared with a year ago.

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 companies. Together, these two sectors employ more than 90 percent of the nation’s private-sector workers.