Manufacturing firms hired fewer workers in July than in June, yet they're finding it difficult to recruit highly qualified applicants to fill key positions, according to survey results from the Society for Human Resource Management (SHRM) and the Rutgers University School of Management and Labor Relations.
In addition, the numbers indicate that new hires in manufacturing are essentially bringing home the same salaries they would have a year ago. Therefore, it seems the difficulty in filling certain positions has not led to widespread wage inflation, SHRM and Rutgers say.
The two institutions have been collaborating to issue the Leading Indicator of National Employment (LINE), a monthly report on trends in the national job market.
The indicator is released at 8:30 am ET on the fourth Tuesday of each month. A copy of the July report and answers to frequently asked questions can be found at www.shrm.org/LINE.
