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Sharp Jump Expected in June Service-Sector Hiring

Society for Human Resource Management (06/06/13)

The Society for Human Resource Management’s Leading Indicators of National Employment for June predicts a gain in hiring in the service sector and a slight decrease in hiring in manufacturing. The report says a net 42.9% of service-sector companies and a net 37.3% of manufacturers will add jobs this month, with the service sector’s hiring index up 20.5 points and the manufacturing sector’s hiring index down 6.5 points on a year-over-year basis.

In May, a net 20% of manufacturing respondents and a net 17.4% of service-sector respondents reported gains in exempt vacancies, up 2.2 points and 6.8 points, respectively, from a year ago; a net 29.7% of manufacturing respondents and a net 17.1% of service-sector respondents reported increases in nonexempt vacancies, up 8.4 points and 4.2 points, respectively. A net 11.9% of manufacturing respondents said recruiting was more difficult last month, down 1.9 points year-over-year, and a net 15.4% of service-sector professionals said the same, up 7.6 points.