Leading Indicators of National Employment are Bleak

Posted on October 3, 2008
Filed Under National Employment |

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.