SHRM LINE: Hiring rates in manufacturing not expected to slow down in December

In December, job creation rates will increase 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 December 2014./p>

In December, for the ninth straight month, the manufacturing hiring rate will increase when compared with the previous year. For the seventh time in eight months, the service-sector hiring rate will also increase when compared with the previous year. The manufacturing sector will reach a four-year high for its hiring rate in the month of December; layoff rates in both sectors will fall to four-year lows for the month.

A net of 39.9 percent of manufacturers will add jobs in December (48.9 percent will hire, 9 percent will cut jobs). The sector’s hiring index will rise by 8.3 points compared with a year ago.

A net of 33.3 percent of service-sector companies will grow payrolls in December (40.3 percent will hire, 7 percent will cut jobs). The index will rise by 4.4 points compared with a year ago.

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