In May, Hiring Activity Will Take a Step Back Compared with a Year Ago
In May, fewer employers will add jobs in manufacturing and services compared with the previous year, according to the Society for Human Resource Management’s (SHRM®) Leading Indicators of National Employment (LINE®) survey for May 2016.
- Hiring rates drop slightly in May. A net of more than two out of five manufacturers (48.1 percent) and service-sector companies (47.1 percent) will add jobs in May.
- Recruiting difficulty fell marginally in April. Difficulty in filling key positions was slightly lower in both sectors in April compared with a year ago.
- Results vary for new-hire pay rates in April. The index for new-hire compensation rose in manufacturing and fell in services in April compared with a year ago.
The LINE 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.