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The Society for Human Resource Management (SHRM) in collaboration with the Rutgers University School of Management and Labor Relations authored the report, the Leading Indicator of National Employment (LINE) that is in line with the regular report of the Bureau of Labor Statistics. 

This report is about the study on the job market in the United States to predict the rate of change and availability of opportunities with reference to the changing job market conditions.

The involvement of the Society for Human Resource Management (SHRM) justifies their position as the world's largest association devoted to human resource management that proved helpful while surveying the Human resources in 500 manufacturing and service companies each.

SHRM’s origin roots since 1948 and has grown to a network of more than 500 affiliated chapters within the United States and members in around 100 countries.

This recently concluded study released last July predicts a strong job market in the month of June 2006 as an estimated 58 percent of employers both from the manufacturing and service sectors plan to increase the hiring.

Comparing the findings sector wise show a few similarities like the HR executives’ beliefs regarding the difficulty in finding and recruiting qualified workers with the necessary skills. The statistics show a five percent increase in the job market as compared with June.

The outlook of employment expectations in the manufacturing sector for July 2006 is better than July 2005 but is lower than in June 2006.

The report finds openings for both exempt and non-exempt staff but the HR executives have not envisaged any increase in the new-hire compensation owing to the difficulty in recruiting qualified workers with the required skills.

The service industry reports 58% of employers planning to expand their labor force over in July 2006 showing a strong inclination towards expansion of job market. This figure is 8 percent down from the actual figure in June 2006. 

About 21% of the employers admitted the difficulty in finding qualified workers though 33% of the employers continuously reported the increasing vacancies that were actively being tried to fill.

This study based on detailed surveys of Human resources from the corporations belonging to either sector considers four key employment measures, viz., job expectations, job vacancies, new-hire compensation and recruitment difficulty. Based on these factors, the report suggests economic indicators that identify early economic trends and changes in the national job market.

The report is a testimony to SHRM’s mission to serve human resource management professionals and to advance the profession. The society represents more than 210,000 individual members