SHRM Leading Indicators of National Employment® (LINE)®

2/3/2017
SHRM
February 2017 OverviewManufacturingServices
Employment Expectations: In February, the hiring rate will rise in manufacturing and decrease in services compared with a year ago.
+1.4
-8.6
Recruiting Difficulty: In January, recruiting difficulty dropped in manufacturing and rose in services compared with a year ago.
-4.5
+5.3
New-Hire Compensation: In January, the index for new-hire compensation fell in manufacturing and rose in services compared with a year ago.
-2.2
+0.7
Source: February 2017 SHRM LINE Report


Employment Expectations

In February, hiring rates varied compared with a year ago

It not unusual for employment to decline in both the manufacturing and the service sector in January and then expand in February. In February 2017, employment will grow at 57.0 percent of manufacturing firms and decline at 8.1 percent. The resulting net increasing index of 48.9 (57.0 percent - 8.1 percent) suggests slightly faster employment growth in manufacturing than in February 2016 (47.5).

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