About a third of manufacturing and service-sector employers have plans to hire workers in November, marking an increase for the fourth consecutive month from this time in 2011, according to the Leading Indicators of National Employment report from the Society for Human Resource Management.
Among manufacturing respondents, 45.7 percent report that they expect to bring in more employees, and 12.1 percent say they plan to make work force reductions for a positive net of 33.6 percent. The other 42.2 percent of respondents in this sector are projected to remain steady with staff changes in November. For respondents in the service sector, 43.7 percent say they anticipate making hires while 10 percent say they are cutting employees for a hiring net of 33.7 percent. The remaining 46.3 percent say no work force changes are expected during November. From November 2011 to November 2012, service-sector hiring is estimated to increase by 16.4 points, and manufacturing-sector hiring is predicted to grow by a net of 6.3 points.
"Increased consumer confidence is sparking a rise in holiday hiring among many employers in the service sector," says Jennifer Schramm, GPHR, and manager of workplace trends and forecasting at SHRM.
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