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SHRM LINE: Manufacturing hiring rate to increase in February compared with a year ago

In February 2017, employment will grow at 57.0 percent of manufacturing firms and decline at 8.1 percent. The resulting net increasing index of 48.9 (57.0 percent - 8.1 percent) suggests slightly faster employment growth in manufacturing than in February 2016 (47.5).

In February 2017, employment levels will grow at 43.8 percent of service-sector firms and decline at 15.5 percent of firms, producing a net increasing index of 28.3 (43.8 percent - 15.5 percent), which suggests slower service-sector employment growth than in February 2016 (36.9). The service sector is, however, 10 times larger than the manufacturing sector and, even with a slower growth rate, will account for most of the jobs added to the U.S. economy in February 2017.

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