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Opportunities for job seekers expected to remain mostly positive worldwide
MILWAUKEE (June 10, 2014) – The latest Manpower Employment Outlook Survey, released today by ManpowerGroup, reflects continued hiring confidence among U.S. employers for Quarter 3 2014, as U.S. employers report a seasonally adjusted Net Employment Outlook of +14%. This is the strongest Net Employment Outlook since Quarter 2 2008, when the Outlook was also +14%. The third quarter Outlook is up from +13% in Quarter 2 2014 and from +12% during Quarter 3 2013.
Globally, staffing levels are expected to increase in 37 of 42 countries and territories surveyed, compared with 38 of 42 in the previous quarter. More than 65,000 employers were interviewed worldwide, with the most optimistic Net Employment Outlooks reported in India, Taiwan, Turkey, New Zealand and Singapore. The weakest — and only negative — outlooks are reported in Italy, Belgium, France, Netherlands and the Czech Republic.
U.S. Results Summary
Of the more than 18,000 U.S. employers surveyed, 22 percent anticipate an increase in staff levels in their Quarter 3 2014 hiring plans, while anticipated staff reductions remain among the lowest in survey history at 4 percent. Seventy-one percent of employers expect no change in their hiring plans. The final 3 percent of employers are undecided about their hiring intentions, resulting in a Net Employment Outlook of +18%. When seasonally adjusted, the Net Employment Outlook becomes +14%.
Incremental Growth in Hiring Levels Continues in U.S. Among 18,000 Surveyed Employers
|Quarter||Increase Staff Levels||Decrease Staff Levels||Maintain Staff Levels||Don’t Know||Net Employment Outlook(deseasonalized)|
|Q2 2014(previous quarter)||19%||4%||73%||4%||13%|
|Q3 2013(one year ago)||22%||6%||70%||2%||12%|
“We’re seeing a measured level of improvement across all labor segments that has been building over the last five years,” said ManpowerGroup CEO Jonas Prising. “While dramatic jumps in hiring are uncommon, we continue to see a slow, yet steady, increase in demand for talent from our clients as they take a holistic approach in rebuilding their employee base.”
U.S. Hiring Plans by Regions, Industry Sectors and States/Metro Areas
The third quarter research shows that U.S. employers expect hiring intentions to remain relatively stable quarter-over-quarter across all regions, and slightly increase compared to one year ago at this time. Employers have a positive Outlook in all 13 industry sectors included in the survey, with Mining, Wholesale & Retail Trade and Leisure & Hospitality employers reporting the strongest hiring intentions.
Among the 50 states, employers in North Dakota, Delaware, Michigan, Minnesota, Alaska and Idaho indicate the strongest Net Employment Outlooks, while New Mexico, Mississippi, Kansas, Nevada, Illinois and Florida project the weakest Outlooks.
Among employers in the 100 largest metropolitan statistical areas, the strongest job prospects are expected in:
The weakest Outlooks are projected in:
Global Results Summary
“Opportunities for job seekers across global labor markets are expected to remain mostly positive with few signs that hiring intentions are decisively trending in one direction or another,” added Prising. “There are, however, encouraging signs in Europe, where employer confidence in Greece, Ireland and Spain continues to stabilize in the wake of a prolonged period of pessimistic, post-recession forecasts.”
The next Manpower Employment Outlook Survey will be released on September 9, 2014, to report hiring expectations for Quarter 4 2014. Sign-up here to receive e-mail notification when the survey is available each quarter.
*The Net Employment Outlook is derived 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.
ManpowerGroup™ (NYSE: MAN) has been the world’s workforce expert, creating innovative workforce solutions, for more than 65 years. As workforce experts, we connect more than 600,000 men and women to meaningful work across a wide range of skills and industries every day. Through our ManpowerGroup family of brands — Manpower®, Experis™, Right Management ® and ManpowerGroup™ Solutions— we help more than 400,000 clients in 80 countries and territories address their critical talent needs, providing comprehensive solutions to resource, manage and develop talent. In 2014, ManpowerGroup was named one of the World’s Most Ethical Companies for the fourth consecutive year and one of Fortune’s Most Admired Companies, confirming our position as the most trusted and admired brand in the industry. See how ManpowerGroup makes powering the world of work humanly possible: www.manpowergroup.com.
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