The Society for Human Resources Management (SHRM) released the Leading Indicators for National Employment (LINE) today week with predictions of another month of steady growth for September 2013. The Service sector anticipates strong hiring during September and is the fourteenth month in a row the hiring rate increased in the Service Sector. The Manufacturing Sector expects to add jobs but at a much slower pace. Manufacturing job growth compared with last year is down 1.3%.
The LINE report also reflects on Recruiting efforts from the previous month of August. Along with increased hiring, Human Resources departments are having difficulty finding candidates for key jobs. Many Recruiters identify there is a shortage of skilled workers. At the same time new hire compensation for August has remained flat. During the recession a high rate of unemployment and a large pool of job seekers in the market allowed companies to keep benefits and wages low to control costs. The full SHRM LINE report may be viewed at: http://www.shrm.org/Research/MonthlyEmploymentIndices/line/Documents/LINE%20September%202013.pdf
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 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 LINE report will be published October 3, 2013.
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