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Hiring will rise significantly in the U.S. service sector this month compared to the same month a year ago and fall slightly in the U.S. manufacturing sector, according to the leading indicators of national employment report released today by the Society for Human Resource Management.
The report’s survey found that 49.8 percent of service-sector companies plan to hire in June while 6.9 percent plan to reduce their workforces for a net increase of 42.9 percent. That compares to a net increase of 22.4 percent in June 2012 and is the highest net level for the month since June 2010.
In the manufacturing sector, 50.8 percent of firms plan to hire in June while 13.5 percent plan to reduce their workforces for a net increase of 37.3 percent. That compares to a net increase of 43.8 percent in June 2012.
Data for this report is collected through a monthly survey of human resource executives at more than 500 manufacturing and 500 service-sector firms.