SHRM: Labor Market ‘Still Weak’ But ‘May Offer More Opportunities’

The Society for Human Resources (SHRM) may have been partying way down in New Orleans but it didn’t stop them from putting out their Leading Indicators of National Employment (LINE) survey today.

The hits?
The job market may be gradually improving; July is predicted to mark the highest level of hiring in the manufacturing sector since November 2008. And in the service sector, the hiring rate will surpass the layoff rate for the third consecutive month.

(As a reminder, the LINE report tracks manufacturing and service because those two sectors account for a majority of jobs in the U.S.)

Recruiting difficulty is, well, not very difficult, with HR pros reporting that it’s 28 percent easier to fill positions in manufacturing than it was a year ago (unchanged from the June 09 report), and 14.2 percent easier to fill service-sector positions than it was a year ago (down from 43.3 percent in June).

In July, both the service and manufacturing sectors will add more jobs than they shed. This is the first time this has happened since November 08.