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Modest job growth to continue in manufacturing in June

Manufacturers and service-sector companies will continue to add jobs in June, but the pace of payroll growth remains insufficient to drive unemployment rates down significantly, according to the Society for Human Resource Management's (SHRM) Leading Indicators of National Employment (LINE) survey for June 2011.

The manufacturing hiring index will improve in June on a year-over-year basis by a net of 2.1 points (a net of 47.0 percent of companies will hire in June, compared with a net of 44.9 percent that added jobs a year ago). Service-sector hiring will decrease in June by a net of 14.4 points (a net of 36.4 percent will add jobs, compared with a net of 50.8 percent that added jobs a year ago).

The results for June 2011 reflect a labor market that is still struggling to create a volume of new jobs that would reduce the high unemployment rate. Nonetheless, the manufacturing sector added 29,000 jobs in April and has posted strong gains in 2011, and professional and business services—a key component of the broader service sector—grew by 51,000 jobs in April, according to the BLS.

The full report, which also includes data for recruiting difficulty, new-hire compensation, and vacancies, can be found here.