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SHRM report - Hiring down year-over-year

June 05, 2009

Employers in the manufacturing sector plan to cut more jobs than they add in June, according to the leading indicators of national employment report from the Society for Human Resource Management. Service-sector firms plan to add staff in June, but at a lesser rate than the previous year.

The report's survey found that 24.5% of manufacturers expect to increase employment in June while 25.9% expect decreases for a net decrease of 1.4%. That compares with a net increase of 35.7% in June 2008.

In the service sector, employers project a net increase of 24.8% in hiring for June compared with a net increase of 33.0% in the same month last year.

As far as recruiting difficulty, 26.8% of manufacturing employers said it was less difficult in May, and 3.0% said it was more difficult. Service-sector employers also cited decreasing difficulty with 39.7% saying recruiting was less difficult in May and 3.9% saying it was more difficult.

The SHRM report is based on a survey of private-sector human resource professionals at more than 500 manufacturing and more than 500 service-sector companies.