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The non-manufacturing index registered at 56.9 percent in February, with the strongest growth coming from the management services sector. Employers anticipate sustained movement for the industry, as reflected by strong hiring activity on ManagerCrossing.com.
Pasadena, CA (PRWEB) March 09, 2013
Non-manufacturing industries grew in February for the 38th consecutive month, according to the latest report by the Institute for Supply Management. The non-manufacturing index registered at its highest levels in a year, spurred by growth in management and support services. The February ISM data corresponded with management employment trends found on ManagerCrossing.com.
The Institute for Supply Management (ISM) released its Non-Manufacturing ISM Report On Business this week. Economic activity in the non-manufacturing sector expanded in February, with the business activity index at 56.9 percent. This was 0.5 percent higher than the previous month’s reading. The New Orders Index was at 58.2 percent, 3.8 points above January. This is a positive sign that companies are experiencing solid business gains even in spite of ongoing economic and political uncertainty. The Employment Index registered 57.2 percent, making February the seventh consecutive month of growth in employment. Of the thirteen non-manufacturing industries that reported growth last month, Management of Companies & Support Services experienced the most growth in February, spurred on by a high number of new orders and requests for quotes.
Growth in the manufacturing industry was independently reflected in employment data on ManagerCrossing.com, a leading job search site for the management service industry. The greatest current demand in the management sector is in retail. With 20,191 openings for sales managers and 23,974 openings for store managers, the growth in this area indicates that business has picked up enough for companies to feel confident enough to hire.
“Any time that a business hires a new employee, it is an investment and a risk on their end,” said Harrison Barnes, CEO of ManagerCrossing.com. “The fact that hiring and recruitment has picked up in the management services sector is a sign that employers are feeling more confident over the future economic outlook, and that they anticipate this trend will hold up. The increase in the number of new orders is a strong indicator of future activity, and businesses are certainly attuned to being able to have enough staff to meet that demand.”
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