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Feb 8, 2011

HR NEWS Hiring Expectations, Vacancies Rise

Although the latest gross domestic product report shows that the pace of economic expansion is still too slow to bring down the nation’s high unemployment rate, the U.S. is poised for an economic rebound, SHRM's LINE report says.

SHRM Leading Indicators of National Employment® (LINE®)

SHRM’s Leading Indicators of National Employment (LINE) report tracks trends in the labor market on a monthly basis, including hiring projections released one month ahead of the Bureau of Labor Statistics (BLS) Employment Situation report. Exclusive metrics also include new-hire compensation trends and recruiting difficulty, as well as job vacancies in exempt and nonexempt employment.


EMPLOYMENT EXPECTATIONS
 Manufacturing
Service
In February, for the 16th straight month, hiring will increase in manufacturing and services on an annual basis.

+12.4

+9.7
RECRUITING DIFFICULTY
 Manufacturing
Service
In January, the index for recruiting difficulty rose sharply in manufacturing and services compared with a year ago.

+14.3

+13.6
NEW-HIRE COMPENSATION
Manufacturing
Service
In January, the rate of increase for new-hire compensation rose slightly on an annual basis in both manufacturing and services.

+3.8

+2.1

Source:  February 2011 SHRM LINE Report

Full LINE report