October 31, 2013
In November, the pace of hiring in manufacturing and services will rise compared with a year ago, according to the Society for Human Resource Management's (SHRM) Leading Indicators of National Employment (LINE) survey for November 2013.
In November, for the 16th 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 40.4 percent of manufacturers will add jobs in November (49 percent will hire, 8,6 percent will cut jobs). The sector's hiring index will increase by 6.8 points compared with a year ago and reach a four-year high for the month. A net of 34.1 percent of service-sector companies will grow payrolls in November (41.8 percent will hire, 7.7 percent will cut jobs). The index will rise by 0.4 points compared with a year ago. Layoff rates in both sectors will decline compared with a year ago.
A net of 18 percent of manufacturing respondents had more difficulty with recruiting in October, an increase of 6.1 points from October 2012. A net of 17.4 percent of service-sector HR professionals had more difficulty recruiting in October, up 5.9 points from a year ago. Both net totals represent four-year highs for the month of October.
The full report can be found here.
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