October 3, 2013
In October, the pace of hiring in manufacturing and services will increase compared with a year ago, according to the Society for Human Resource Management's (SHRM) Leading Indicators of National Employment (LINE) survey for October 2013.
In October, for the 15th consecutive month, the hiring rate will rise in services compared with a year ago. Hiring also will increase in the manufacturing sector. LINE data compare favorably with reports from the U.S. Bureau of Labor Statistics (BLS). Several service industries, for example, have posted sizable job gains as of late, according to the BLS.
A net of 41.9 percent of manufacturers will add jobs in October (51.2 percent will hire, 9.3 percent will cut jobs). The sector's hiring index will increase by 7.3 points compared with a year ago and reach a four-year high for the month. A net of 37.3 percent of service-sector companies will grow payrolls in October (43.4 percent will hire, 6.1 percent will cut jobs). This number represents a three-year high for service-sector hiring in October, and the index will rise by 3.4 points compared with a year ago.p>
A net of 16.9 percent of manufacturing respondents had more difficulty with recruiting in September, an increase of 0.8 points from September 2012. A net of 17.7 percent of service-sector HR professionals had more difficulty recruiting in September, up 9.9 points from a year ago. Both net totals represent four-year highs for the month of September.
The full report can be found here.
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