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.
The U.S. labor market’s struggles will continue in November, as job creation will slow 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 November 2011.
- Job growth in November will be limited. The rate of job creation will fall slightly in manufacturing and moderately in services in November compared with a year ago.
- Recruiting difficulty inches up in both sectors. More HR professionals in manufacturing and services reported increased difficulty with recruiting key candidates in October.
- Some new hires see increases in compensation. In October, for the 13th 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.