SHRM’s LINE Report October 2011

SHRM’s Leading Indicators of National Employment (LINE) report tracks trends in the labor market on a monthly basis, including hiring projections released one month ahead of the Bureau of Labor Statistics (BLS) Employment Situation report.  Exclusive metrics also include new-hire compensation trends and recruiting difficulty, as well as job vacancies in exempt and nonexempt employment.

Continuing a recent pattern of weak job growth in the United States, hiring in October will be limited in the manufacturing sector and will fall in the service sector compared with a year ago, according to the Society for Human Resource Management’s (SHRM) Leading Indicators of National Employment (LINE) survey for October 2011.


 

• Hiring expectations will be muted in October. The rate of job creation will be virtually unchanged in manufacturing and fall moderately in services in October compared with a year ago.
• Recruiting difficulty rises in both sectors. More HR professionals in manufacturing and services reported increased difficulty with recruiting key candidates in September.
• Some new hires see increases in compensation. In September, for the 12th consecutive month, the rate of increase for wages and benefits rose on an annual basis in both sectors.