Our Sites

SHRM LINE: Hiring rates expected to reach four-year highs for month of November

In November, job creation rates will rise in the manufacturing and service sectors compared with a year ago, according to the Society for Human Resource Management’s (SHRM) Leading Indicators of National Employment (LINE) survey for November 2014.

In November, for the eighth straight month, the manufacturing hiring rate will increase when compared with the previous year. For the sixth time in seven months, the service-sector hiring rate will also increase when compared with the previous year. Both sectors are expected to reach four-year highs for hiring rates in the month of November; a four-year high was also reached in October 2014 by both sectors./p>

A net of 42 percent of manufacturers (down from 45.4 percent in October) will add jobs in November (50 percent will hire, 8 percent will cut jobs). The sector’s hiring index will rise by 1.6 points compared with a year ago.

A net of 37 percent of service-sector companies (down from 40.7 in October) will grow payrolls in November (45.4 percent will hire, 8.4 percent will cut jobs). The index will rise by 2.9 points compared with a year ago.

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