Global Hiring Looks Up

ADVERTISEMENT

Employers in 30 countries, including the U.S., are anticipating another seasonal increase in hiring over last year, according to the most recent Global Manpower Employment Outlook survey. This is the third quarter in a row that the survey forecasted an improvement in the global labor market.

“We have been waiting for the labor market to show signs of a sustained recovery,” Jeff Joerres, Manpower Inc. Chairman and CEO, said in a press release. “The survey results for the third quarter are indicating a trend of hiring intention that has historically proven to be the positive inflection point of accelerated job growth.”

The survey, conducted by international employment agency Manpower Inc., measures hiring expectations in 36 countries by conducting quarterly interviews with more than 61,000 employers within a variety of industries. Manpower then ranks the countries by their Net Employment Outlook (NEO). The NEO is generated by taking the percentage of employers anticipating an increase in hiring activity and subtracting from this the percentage of employers expecting a decrease in hiring activity.

 India had the highest NEO at 42%, followed by Brazil, Taiwan, China, Peru, Australia and Singapore, who reported the strongest third-quarter hiring prospects. Italy has the lowest NEO at -9%, followed by Ireland, Spain and Greece, who round out the four countries reporting a negative outlook on hiring prospects. Twenty-three countries reported an increase in hiring practices from the last outlook survey, which was published in March.

“Manpower’s survey results show a positive trend in employers’ hiring plans,” Jonas Prising, Manpower president of the Americas, said in a press release. “Although we are still facing a difficult labor market, more employers indicate confidence about the direction of their businesses, and with that comes an intention to increase their workforces.”

The U.S. job market, with an NEO of 6%, remained stable compared to last quarter’s survey results. However, hiring prospects are 8 percentage points higher than they were this time last year.

Of the more than 18,000 U.S. employers surveyed, 18% anticipate increasing their staffing levels while only 8% forecast a decrease in payroll. About 70% of employers expect no change in their hiring plans and 4% are unsure of their hiring intention.

Looking for a job? Check out who’s hiring now!

—For the best rates on loans, bank accounts and credit cards, enter your ZIP code at BankingMyWay.com.

Show Comments

Back to Top