SHRM Leading Indicators of National Employment (LINE)


July 2017 OverviewManufacturingServices
Employment Expectations: In July, the hiring rate will rise in both manufacturing and services compared with a year ago.
+9.3

+3.0
Recruiting Difficulty: In June, recruiting difficulty increased in manufacturing and services compared with a year ago.

+5.9

+7.9
New-Hire Compensation: In June, the index for new-hire compensation rose in both manufacturing and services compared with a year ago.

+4.5

+8.9
Source: July 2017 SHRM LINE Report

 

Employment Expectations

In July, hiring rates are expected to rise in both sectors compared with a year ago

In July 2017, employment will grow at 64.0 percent of manufacturing firms and decline at 6.0 percent. The resulting net increasing index of 58.0 (64.0 - 6.0) suggests faster employment growth in manufacturing than in July 2016 (48.7).
 
In July 2017, employment levels will grow at 57.4 percent of service-sector firms and decline at 8.5 percent of firms, producing a net increasing index of 48.8 (57.4 - 8.5), which suggests more robust service-sector employment growth than in July 2016 (45.8).
 
The LINE employment expectations index provides an early indication of the U.S. Bureau of Labor Statistics (BLS) Employment Situation report findings. BLS numbers covering the same time period are released approximately one month after the LINE report.
 
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