In January, more manufacturers and service-sector employers add jobs compared with January 2016. Headcount reductions will also decline in both sectors compared with a year ago.
A net of 41.7 percent of manufacturers will add jobs in January (48 percent will hire, 6.3 percent will cut jobs). The sector's hiring index will increase by 11.3 points compared with a year ago. A net of 26.2 percent of service-sector companies will hire in January (40.8 percent will add jobs, 14.6 percent will cut jobs). The index will rise by 4.6 points compared with a year ago.
The LINE employment expectations index provides an early indication of the U.S. Bureau of Labor Statistics (BLS) Employment Situation report findings. BLS numbers covering the same time period are released approximately one month after the LINE report.
Source:
SHRM