The Society for Human Resources Management (SHRM) released the Leading Indicators for National Employment (LINE) earlier this month with hopeful predictions of active hiring for January. The LINE report predicts that employers will be adding jobs during the month of January in both Manufacturing and Service sectors.
Job growth is expected to be positive for the month of January with strong gains in manufacturing and very strong gains expected in the service sector. The expected growth of jobs for January is good news and an improvement from the previous year. Over the last several months national unemployment has been stalled at 7.8%. Depending on the strength of the January jobs growth unemployment could drop at the end of January.
The LINE report has been reflective of the US Department of Labor Bureau of Labor Statistics reporting of job growth.
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: http://www.shrm.org/Research/MonthlyEmploymentIndices/line/Pages/default...
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 add workers during the month. Combined these two sectors employ 90% of the country's private sector work force. The next LINE report will be published January 31, 2013.
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