September 2016 Overview
Manufacturing
Services
Employment Expectations: In September, the hiring rate will fall in both sectors compared with a year ago.
-0.5
-5.8
Recruiting Difficulty: In August, recruiting difficulty declined in manufacturing and rose in services compared with a year ago.
-6.2
+3.5
New-Hire Compensation: In August, the index for new-hire compensation fell in manufacturing and rose in services compared with a year ago.
-2.4
+3.8
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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