According to a report from the Society for Human Resource Management, January 2012 is expected to mark the third consecutive month that hiring decreases while job cuts rise.
From January 2012 to January 2011, the SHRM LINE Report finds that annual service sector hiring is believe to be cut by a net of 15.4 points, and manufacturing sector hiring is expected to fall by a net of 4.4 points.
"While overall, more employers are planning to hire than lay off staff this month, the net employment expectations are lower compared with January 2011," says Jennifer Schramm, GPHR, and manager of workplace trends and forecasting at SHRM. More growth is needed to continue to bring down the unemployment rate."
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