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Hiring in both the manufacturing and service sectors will increase slightly in October, according to the new leading indicators of national employment survey for October, released by the Society for Human Resource Management.
The survey found a net 34.6 percent of manufacturers will add jobs in October — 49.8 percent will hire, 15.2 percent will cut jobs. That represents an increase of a net 4.2 points on a year-over-year basis.
A net of 33.9 percent of service-sector companies will add jobs in October — 40.4 percent will conduct hiring, 6.5 percent will trim payrolls. That represents an increase of 4.9 points compared with a year ago.
Data for this report is collected through a monthly survey of human resource executives at more than 500 manufacturing and 500 service-sector firms. To view the survey page at the SHRM website, click here.