Forty percent of manufacturers and 25 percent of service-sector companies expect to bring on more employees in September, according to the Leading Indicators of National Employment report from the Society for Human Resource Management.
The report finds that manufacturing-sector hiring is projected to jump by a net of 12.4 points while service-sector hiring is expected to grow by a net of 2.7 points from September 2012 to September 2011.
Among the respondents in the manufacturing sector, almost half (49.2 percent) say they expect to hire more employees, and 8.4 percent say they plan to reduce staff for a net of 40.8 percent while 59.2 percent say they have no hiring or layoff plans in September.
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For the service sector, 31.8 percent of respondents say they plan to hire. Another 7 percent of respondents, however, anticipate reducing staff for a hiring net of 24.8 percent. The other 75.2 percent of respondents anticipate to changes to their work forces in September.
"Though the employment-expectations indices for September are at least pointing in the right direction, we still have a way to go before a long-term pattern of strong monthly hiring increases is reality," says Jennifer Schramm, manager of workplace trends and forecasting at SHRM.
Recruiting difficulty slightly rose by 0.1 point in the manufacturing sector while falling 1.8 points in the service sector from August 2012 to August 2011, the study finds. Fewer respondents say they experienced growth in new-hire compensation as it dropped by 2.8 points in the service sector and 0.7 points in the manufacturing sector.
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