Far more employers plan to hire employees in May than lay them off, according to a recent report from the Society for Human Resource Management.
According to the Leading Indicators of National Employment Report from SHRM, which surveyed about 500 service-sector companies and 500 manufacturing companies in the U.S., 35.5 percent of respondents in the service sector will hire workers while 5.1 percent will trim payrolls, resulting in a net of 30.4 percent expected to add workers. In the manufacturing sector, 46.6 percent of survey respondents said their company will hire workers and 6.1 percent will cut jobs, resulting in a positive net of 40.5 percent that will increase employment.
But compared to May 2011, the numbers are down.
“The report shows that service-sector hiring will drop by a net of 17.1 points and manufacturing-sector hiring will drop by a net of 3.8 points, when comparing May 2012 to May 2011,” a May 3 SHRM press release said.
“Year-over-year comparisons show employment expectations trending slightly down for May—especially in the service sector—however, overall hiring expectations continue to be fairly positive,” said Jennifer Schramm, SHRM’s global professional in human resources and manager of workplace trends and forecasting.
To read the full report, visit
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