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In February, hiring rates varied compared with a year ago
Note: Annual net change is calculated by subtracting the net increase of the same month one year ago from the net increase of the current month.
Source: February 2017 SHRM LINE Report
Compared with January of last year, in January 2017 the recruiting difficulty index declined by 4.5 points in the manufacturing sector, but increased by 5.3 points in the service sector. The increased recruiting difficulty that service sector firms faced in January 2017 may be one of the reasons they expect employment growth in February 2017 to be slower than a year ago.
In January, changes in new-hire compensation varied compared with a year ago
Vacant Positions in Exempt Employment
In January, fewer employers reported increases in salaried job openings
Vacancies are defined as open positions that employers are actively trying to fill. LINE data cover exempt vacancies, or primarily salaried positions, and nonexempt vacancies, which are mostly hourly jobs. Changes in the number of job vacancies can be one of the earliest indicators of a shift in the balance between labor supply and demand. Typically, exempt employment fluctuates by smaller rates than nonexempt employment during economic downturns and expansions.
In January, a net total of 6.3 percent of manufacturers reported increases in exempt vacancies (17.1 percent reported more vacancies, 10.8 percent reported fewer), down 7.7 points from January 2016. In the service sector, a net total of 4.1 percent of respondents reported increases in exempt vacancies in January (14 percent reported more vacancies, 9.9 percent reported fewer), down 15.4 points from January 2016.
Vacant Positions in Nonexempt Employment
Need data on what’s really happening in the job market? The SHRM LINE Employment Report covers the service and manufacturing sectors on key areas for recruiting each month. The report includes:
Do you have your SHRM-CP or SHRM-SCP? Earn up to 20 PDCs by using LINE data to advance your organization. Refer to page 10 of the recertification handbook.
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For questions on LINE® data please contact SHRM Research at (703) 535-6301 or LINE@shrm.org. Members of the media should contact SHRM Media Affairs at (703) 535-6273, 703-535-6072, or firstname.lastname@example.org.
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