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Manufacturing- and service-sector hiring are projected to grow in February in comparison to last year, according to the Leading Indicators of National Employment report by the Society for Human Resource Management. In the service sector, hiring is expected to rise for the seventh consecutive month while hiring in the manufacturing sector is estimated to increase for the sixth time in seven months, the report finds. Specifically, 43.5 percent of respondents in the service sector plan to hire, and 10.4 percent of respondents sector anticipate job cuts for a hiring net of 33.1 percent. The other 46.1 percent of respondents in the service sector intend to make no staffing changes. On the manufacturing side, 56.4 percent of respondents plan to hire while 9.2 percent of respondents expect to reduce the work force for a hiring net of 47.2 percent. The rest of respondents have no hiring or layoffs planned at 34.4 percent. Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.Your access to unlimited BenefitsPRO content isn’t changing.
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Manufacturing, service hiring expected to rise in February
Manufacturing- and service-sector hiring are projected to grow in February in comparison to last year.