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SHRM LINE: Manufacturing hiring rate to fall in August

In August, the hiring rate will fall slightly in manufacturing and rise modestly in services compared with a year ago, according to the Society for Human Resource Management’s (SHRM) Leading Indicators of National Employment (LINE) survey for August 2015.

The layoff rate will rise slightly in manufacturing and will fall marginally in the service sector compared with August 2014.

A net of 46.4 percent of manufacturers will add jobs in August (56.5 percent will hire, 10.1 percent will cut jobs). The sector’s hiring index will fall by 3.8 points compared with a year ago.

A net of 44.3 percent of service-sector companies will conduct hiring in August (50.3 percent will add jobs, 6 percent will cut jobs). The index will rise by 8.5 points compared with a year ago.

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