In October, job creation rates 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 October 2014.
- Manufacturing, service hiring rates on the way up in October. A net of more than two out of five manufacturers (45.4 percent) and service-sector companies (40.7 percent) will add jobs in October.
- Recruiting difficulty continued its ascent in September. In September, for the seventh straight month, difficulty in recruiting candidates for key jobs rose in both sectors compared with the previous year.
- Pay rates for some new hires improved in September. The rate of increase for new-hire compensation rose in manufacturing and services in September compared with a year ago. The LINE Employment Report examines four key areas: employers’ hiring expectations, newhire 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.
To see the SHRM Leading Indicators of National Employment® (LINE®) Report for October, please click here.