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The index's survey found that 49.8% of service sector employers plan to increase staff in February while 12.0% plan to cut, resulting in a net increase of 37.8%. That's up from a net increase of 26.5% a year ago.
Manufacturers forecast a net increase in hiring of 35.4% in February, down from 46.3% a year ago.
Also, new-hire compensation fell in both the service sector and manufacturing in January, according to the report. It found that 10.7% of service sector employers raised new-hire compensation in January while 0.5% decreased it for a net increase of 10.2%. That's down from a net increase of 15.3% a year ago. In manufacturing, there was a net increase in employers raising new-hire compensation of 7.5% in January, down from 18.5% a year ago.
The LINE report surveys human resources executives at more than 500 manufacturing companies and more than 500 service sector firms.