Economic Recovery Continues in 2010: Institute for Supply Management
Non-Manufacturing
Supply executives' expectation is for no change in labor and benefit costs for non-manufacturing industries in 2010. Thirty-eight percent of respondents expect such costs to increase by an average of 3.8 percent. Another 19 percent of respondents expect labor and benefit costs to shrink by an average of 7.9 percent, and 43 percent believe costs will remain stable during 2010. The 12 industries expecting increases in labor and benefit costs in 2010 over 2009 — in order of percentage increase — are: Mining; Accommodation & Food Services; Real Estate, Rental & Leasing; Utilities; Retail Trade; Agriculture, Forestry, Fishing & Hunting; Finance & Insurance; Professional, Scientific & Technical Services; Arts, Entertainment & Recreation; Other Services(b); Management of Companies & Support Services; and Wholesale Trade.