The Society for Human Resources Management (SHRM) released the Leading Indicators for National Employment (LINE) a few days ago with hopeful predictions of active hiring in February. The LINE report predicts that employers will be adding jobs during the month of February in both Manufacturing and Service sectors.
Job growth is expected to be positive for the month of February with strong gains in manufacturing and very strong gains expected in the service sector. The expected growth of jobs for February is good news and an improvement from the previous year. Since September 2012 the national unemployment rate has been stalled at 7.9%. Depending on the strength of the February jobs growth, national unemployment rate could begin to move down again by the end of the month.
Over the last several months the LINE report has been reflective of the US Department of Labor Bureau of Labor Statistics reporting of job growth. Despite the national unemployment rate being stalled, each month there has been hiring gains.
The LINE report is published by the Society of Human Resource Management (SHRM). It is the only report that projects hiring expectations for the upcoming month and has shown a high degree of accuracy. The full SHRM LINE report may be viewed at: SHRM February LINE Report
The LINE report is compiled by surveying 500 Human Resource departments in the manufacturing sector and 500 Human Resources departments in the service sector if they plan to add workers during the month. Combined these two sectors employ 90% of the country's private sector work force. The next SHRM LINE report will be published March 7, 2013.
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