SHRM’S Leading Indicators of National Employment (LINE) report tracks trends in the labor market on a monthly basis, including hiring projections released one month ahead of the Bureau of Labor Statistics (BLS) Employment Situation report. Exclusive metrics also include new-hire compensation trends and recruiting difficulty, as well as job vacancies in exempt and nonexempt employment.
In December, for the second consecutive month, hiring activity will decrease and job cuts will rise in the manufacturing and service sectors compared with a year ago, according to the Society for Human Resource Management’s (SHRM) Leading Indicators of National Employment (LINE) survey for December 2011.
- Low rate of hiring expected for December. Job creation will fall slightly in manufacturing and moderately in services in December compared with a year ago.
- Recruiting difficulty inches up in both sectors. More HR professionals in both sectors reported increased difficulty with recruiting key candidates in November compared with a year ago.
- Some new hires see increases in compensation. In November, for the 14th consecutive month, the rate of increase for wages and benefits rose on an annual basis in both sectors.
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.