Global Hiring Intentions Remain Mixed In Q3
11 June 2019 - 6:35PM
RTTF2
Hiring intentions of employers across the globe revealed mixed
trends with less than half of the economies hoping to see stronger
employment growth in the third quarter, the results of the
ManpowerGroup Employment Outlook survey showed Tuesday.
Employers in only 18 out of 44 countries surveyed by Manpower
were more optimistic about hiring prospects in the third quarter
versus the previous three months. Meanwhile, employers in another
18 countries reported weaker plans. No change in hiring intentions
was reported in eight countries.
"We're seeing significant variation across global labor
markets," ManpowerGroup Chairman & CEO Jonas Prising said.
"Employers in Europe plan modest yet varied hiring as
uncertainty and unpredictability around trade wars and Brexit
continues, while in the U.S. and some parts of the Asia Pacific
region organizations are planning to hire at levels we haven't seen
for many years."
In comparison with the same period last year, hiring intentions
strengthened in 12 countries and territories, but weakened in 26
and were unchanged in six.
The strongest hiring sentiment was seen in Japan, Croatia,
Taiwan, the U.S., Greece and Slovenia. On the other hand, Hungary,
Argentina, Italy and Spain showed the weakest hiring prospects.
Australia and Brazil logged strongest hiring intentions in seven
and five years, respectively.
Hungary was the only country among those surveyed where
employers plan to reduce headcount in the third quarter.
The survey was conducted among 59,000 employers in 44 countries
and territories.
In the U.S., the net employment outlook came in at seasonally
adjusted +21 percent, reflecting the strongest hiring intentions in
13 years.
Employers in 13 industries logged double-digit hiring
intentions, signaling continued strength in the labor market where
open jobs outnumber unemployed U.S. workers.
In 25 out of 26 Europe, Middle East & Africa region
countries, payroll gains were anticipated for the third quarter.
Also, employers in all eight Asia Pacific countries and territories
surveyed expect payroll growth.
In China, hiring sentiment was relatively stable compared to the
previous quarter, but employers posted a slight annual
decrease.
Despite cautious growth outlook, workforce gains were expected
in all four major European economies. German employers reported
slightly weaker hiring intentions compared to both the prior
quarter and this time last year.
Meanwhile, French employers reported no change compared to
preceding quarter but anticipated a mild hiring pace in three
months to September.
Hiring intentions in the UK remained moderate compared to the
previous quarter where those in the private sector were the weakest
in seven years. The survey showed that public sector employers are
twice as likely to be looking to hire in the next quarter as their
private sector counterparts.
Meanwhile, Italian employers reported a cautious outlook.
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