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LINE: Manufacturing to Outpace Services in May Job Growth

SHRMOnline (05/03/12) Steve Bates

The U.S. manufacturing and services sectors will continue to add jobs to the economy this month, though not as many as were added last year, according to the most recent Society for Human Resource Management Leading Indicators of National Employment survey report. A net of approximately 30% of service businesses are hiring, compared with a net of approximately 40% of manufacturers.

Meanwhile, recruiting difficulty seems to be slowing. Still, skills shortages continue to hamper recruiting for some jobs. Ironically, as the job outlook improves, more unemployed people may decide to re-enter the job market, which could move the official unemployment rate higher.