SHRM LINE: Manufacturing hiring to drop slightly in May compared to 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.

Layoff rates will also rise slightly in both sectors compared with a year ago.

A net of 48.1 percent of manufacturers will add jobs in May (57 percent will hire, 8.9 percent will cut jobs). The sector’s hiring index will drop by 3 points compared with a year ago.

A net of 47.1 percent of service-sector companies will also conduct hiring in May (52.8 percent will add jobs, 5.7 percent will cut jobs). The index will fall by 6.5 points compared with a year ago.

The full report, which also covers recruiting difficulty and new compensation trends, can be found here.