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SHRM LINE: Manufacturing hiring rate to increase in February compared with a year ago
- February 2, 2017
- News Release
- Shop Management
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.
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The Fabricator is North America's leading magazine for the metal forming and fabricating industry. The magazine delivers the news, technical articles, and case histories that enable fabricators to do their jobs more efficiently. The Fabricator has served the industry since 1970.
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