SHRM LINE: Mixed month of hiring expected in September

In September hiring rates will increase in the manufacturing sector and drop 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 September 2014.

For the sixth straight month, manufacturing hiring will increase when compared with the previous year. September also marks the fifth straight month that a net of at least 50 percent of manufacturers surveyed will expand their payrolls. For the first time in five months, service-sector hiring will decline when compared with the previous year.

A net of 50.5 percent of manufacturers will add jobs in September (56.8 percent will hire, 6.3 percent will cut jobs). The sector’s hiring index will rise by 11 points compared with a year ago. A net of 29.9 percent of service-sector companies will grow payrolls in September (39.1 percent will hire, 9.2 percent will cut jobs). The index will fall by 9.5 points compared with a year ago.

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