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

In June, 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 June 2014. 

■ Manufacturers, services will grow payrolls in a net of nearly three out of five manufacturers (57 percent) and more than two out of five service-sector companies (43.6 percent) will add jobs in June.

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

■ Pay rates for new hires saw little change in May. The rate of increase for new-hire compensation fell marginally 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 than 90 percent of the nation’s private-sector workers.