November 9, 2009
HR professionals in the manufacturing and service sectors expect hiring in November to surpass levels reached one year ago. This is the first time since February 2008 that year-over-year hiring has increased in the service sector and the first time since August 2007 in manufacturing, according to the Society for Human Resource Management's (SHRM) Leading Indicators of National Employment (LINE) survey for November 2009.
Though hiring is still not widespread, November marks the fifth straight month that job additions are expected to outpace layoffs in manufacturing and services.
In another indication that hiring conditions are slowly improving, vacancies in October increased from the previous year in all job categories for manufacturing and services.
Employers continued to keep wages and benefits packages in check for new hires in October.
The full report can be found here.