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The index's survey found that 34.4% of service sector employers plan to increase staff in January, while 11.5% plan to cut, for a net increase of 22.9%. That's down from a net increase of 41.6% in January 2007.
Manufacturers forecast a net increase in hiring of 28.2% in January, unchanged from a year ago.
Also, new hire compensation fell in both the service sector and manufacturing, according to the report. A net increase of 4.9% of service sector employers increased compensation in December, compared with 10.7% a year ago. In manufacturing, the net increase was 5.6%, compared with 9.8% a year ago.
The LINE report surveys human resources executives at more than 500 manufacturing companies and more than 500 service sector firms.