Employment growth among U.S. manufacturers continued in November as more employers filled vacant positions. In addition, there was a decrease in the percentage of employers who plan to hire over the next 30 days. These findings are reported today in the November Leading Indicator of National Employment (LINE), a collaborative effort between the Society for Human Resource Management and the Rutgers University School of Management and Labor Relations.
The November gain in employment parallels an increase found in November 2004, suggesting that much of this month's employment increase is due to normal seasonal fluctuations. In addition, there was more hiring among hourly production workers than salaried employees in November. Finally, employment expectations over the next 30 days are down. Employment expectations have continued to decline over the last six months, and expectations are lower than they were in November 2004.
LINE reports on five employment measures. An index value above 50 indicates employment is growing, while an index below 50 shows that employment is contracting. For a full copy of the report and a detailed description of each component, go to https://www.shrm.org/LINE.
