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–Roughly one-third of service-sector companies and one-fourth of manufactures expect to hire workers in December 2012 according to a
report from the Society for Human Resource Management (SHRM).
Compared to one year ago, December hiring will rise moderately in the service sector and fall slightly in the manufacturing sector. The report also shows that service-sector hiring is expected to reach a four-year high for the month of December (comparing previous SHRM employment reports).
The findings are detailed in the
SHRM LINE Report—Leading Indicators of National Employment®. The report provides a snapshot of month-ahead hiring expectations. (The Bureau of Labor Statistics jobs report analyzes past-month hiring trends.)
Respondents include HR professionals from 500 service-sector companies and 500 manufacturing companies.
The report shows three key data trends:
“The expected rise in service-sector hiring is likely sparked by consumer confidence and anticipated spending this winter holiday season,” said Jennifer Schramm, GPHR, and manager of workplace trends and forecasting at SHRM.
The SHRM LINE Report also
features the only national monthly employment indices capturing HR professionals’ past-month
recruiting difficulty, a
new-hire compensation index, and an index of exempt and non-exempt
job vacancies (in addition to the month-ahead
hiring expectations index highlighted above)
Highlights of SHRM LINE year-over-year findings:
In December, the hiring rate will fall slightly in manufacturing and rise moderately in services compared with a year ago.
In November, recruiting difficulty was nearly unchanged in manufacturing and rose in services compared with a year ago.
In November, the rate of increase for new-hire compensation fell slightly in both sectors compared with a year ago.
Source: SHRM Leading Indicators of National Employment
To read the full SHRM LINE Report, visit:
http://www.shrm.org/line and click the “Latest LINE Report” button. Follow SHRM Research on Twitter
Media: The SHRM LINE Report is released at 8:30 a.m. Eastern time on the first Thursday of each month. The SHRM employment expectations index describes the same time period referenced approximately one month later in the
Employment SituationReport issued by the Bureau of Labor Statistics.
The Society for Human Resource Management (SHRM) is the world’s largest association devoted to human resource management. Representing more than 250,000 members in over 140 countries, the Society serves the needs of HR professionals and advances the interests of the HR profession. Founded in 1948, SHRM has more than 575 affiliated chapters within the United States and subsidiary offices in China and India. Visit SHRM Online at
www.shrm.org and follow us on Twitter at
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