The indicator is based on five areas of measurement such as recruiting difficulty and manufacturing vacancies to gauge employment growth.A study released today by the Rutgers University School of Management and Labor Relations in New Brunswick in collaboration with the Society for Human Resource Management in Alexandria, Virginia, shows US manufacturers hired more workers in November. The November Leading Indicator of National Employment (LINE) is based on five areas of measurement such as recruiting difficulty and manufacturing vacancies to gauge employment growth.
A measurement value above 50 indicates employment growth while a measurement below 50 represents a decline in employment. The index values in the latest LINE reporter rose from 58.7 in October to 61 in November. Though hiring was up for November, the employment expectations measurement showed some decline, down from 66.2 in October to 63.2 in November.