SHRM LINE: Hiring rate should reach four-year highs for April

In April, hiring activity in the manufacturing and service sectors is expected to rise compared with a year ago, according to the Society for Human Resource Management’s (SHRM) Leading Indicators of National Employment (LINE) survey for April 2015.

In April, for the 13th straight month, the manufacturing hiring rate will increase when compared with the previous year. The service-sector hiring rate will also rise in April when compared with the previous year. Both sectors will reach four-year highs for hiring rates in the month of April. The layoff rate will rise in manufacturing and fall slightly in services compared with a year ago.

A net of 52 percent of manufacturers will add jobs in April (59.8 percent will hire, 7.8 percent will cut jobs). The sector’s hiring index will rise by 5.2 points compared with a year ago.

A net of 45.1 percent of service-sector companies will conduct hiring in April (53.8 percent will add jobs, 8.7 percent will cut jobs). The index will increase by 9.8 points compared with a year ago.

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