September 2016 SHRM Leading Indicators of National Employment Report

September 2016 Overview

Manufacturing

Services

Employment Expectations: In September, the hiring rate will fall in both sectors compared with a year ago.


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Recruiting Difficulty: In August, recruiting difficulty declined in manufacturing and rose in services compared with a year ago.


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New-Hire Compensation: In August, the index for new-hire compensation fell in manufacturing and rose in services compared with a year ago.


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SOURCE: September 2016 SHRM LINE Report

 

Employment Expectations

In September, hiring rates will take a step back compared with a year ago

In September, job creation rates will fall in both sectors compared with a year ago. Layoff rates will vary, as fewer manufacturers will cut jobs and more service-sector employers will conduct layoffs.

A net of 40.7 percent of manufacturers will add jobs in September (50.1 percent will hire, 9.4 percent will cut jobs). The sector's hiring index will decrease by 0.5 points compared with a year ago. A net of 43.2 percent of service-sector companies will conduct hiring in September (49.8 percent will add jobs, 6.6 percent will cut jobs). The index will fall by 5.8 points compared with a year ago.

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