In September, job creation rates will fall in both sectors compared with a year ago. Layoff rates will vary, as fewer manufacturers will cut jobs and more service-sector employers will conduct layoffs.
A net of 40.7 percent of manufacturers will add jobs in September (50.1 percent will hire, 9.4 percent will cut jobs). The sector's hiring index will decrease by 0.5 points compared with a year ago. A net of 43.2 percent of service-sector companies will conduct hiring in September (49.8 percent will add jobs, 6.6 percent will cut jobs). The index will fall by 5.8 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: Society For Human Resource Management