The U.S. private-sector labor force is expected to add jobs in manufacturing in March 2011 compared with March 2010, but hiring is expected to ebb in the service sector for the same time frame compared with March 2010, according to the Society for Human Resource Management’s (SHRM) Leading Indicators of National Employment (LINE) survey for March 2011.
Two other reports, by payroll processor ADP and outplacement consulting firm Challenger, Gray & Christmas, also show that private-sector payrolls expanded in February 2011. But layoffs were up for the month as well.
Private-sector employers added 217,000 jobs in February 2011, which is an increase over the 189,000 jobs added in January 2011, according to a report by ADP released March 2, 2011. However, the number of planned job cuts announced by U.S.-based companies increased for the second consecutive month in February 2011, rising to 50,702—the highest total since March 2010, Challenger reported.
“It is too soon to say whether the increases in January and now February [2011] represent a trend,” said John A. Challenger, chief executive officer of Challenger, Gray & Christmas, in a statement about the report. “Certainly the specter of rising gas prices could impact employers’ staffing decisions over the next six months. At the very least, rising energy costs could force employers to postpone hiring plans. At worst, increased costs could kill the fragile recovery and spur another round of layoffs.”
The LINE Employment Report, which is based on a monthly survey of private-sector human resource professionals at more than 500 manufacturing and 500 service-sector companies, examines four key areas: employers’ hiring expectations, job vacancies, new-hire compensation and recruiting difficulty of top-level talent.
Source: SHRM.org