Leading Indicators of National Employment are Bleak

by doug on October 3, 2008

The latest Society for Human Resource Management (SHRM) LINE (Leading Indicators for National Employment) Report for October was release today.  Here are the highlights:

  • Fewer payrolls are expanding. Both manufacturing
    and service-sector employment expectations are at the
    lowest October levels in four years.
  • A weak overall labor market may be leading to fewer
    job vacancies.
    Exempt vacancies are down significantly
    in both sectors, while nonexempt vacancies are down in
    manufacturing and fall to unprecedented levels in the
    service sector.
  • It is getting easier to find qualified candidates.
    Recruiting difficulty has eased to four-year lows as HR
    professionals are having more success finding top talent.

A complete copy of the report can be downloaded here.

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