SHRM: May LINE Report

According to the SHRM Leading Indicators of National Employment (LINE) Report for May 2012, job creation will continue in the manufacturing and service sectors in May 2012, although the rate of growth will not reach the level of a year ago. 

Manufacturing will continue to hire at a solid rate in May. About 40.5 percent of manufacturers will add jobs in May, while 30.4 percent of service sector companies will hire. The rate of hiring for May 2012 will fall by 3.8 percent compared to May 2011, for the manufacturing sector and will fall by 17.1 percent in the service sector compared to the rate of hire a year ago. 

In terms of recruiting difficulty, numbers remained relativelty the same to that of a year ago. Difficulty in recruiting candidates for key positions rose 1.6 percent in manufacturing and fell 2.8 percent in the service sector, compared with a year ago. Compared to April 2012, the rate of recruiting difficulty increase in May was siginificantly less. 

In April, the rate of increase for new-hire compensation fell slightly in both sectors compared with a year ago. In the manufacturing sector, the rate of increase fell 0.5 percent and while the rate in the service sector fell by 4.3 percent. 
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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