This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

CareerBuilder Releases 2013 Job Forecast For The 10 Largest Global Economies

CHICAGO, Jan. 16, 2013 /PRNewswire/ -- CareerBuilder's first annual job forecast for the 10 largest world economies tells a tale of both confidence and caution.  Brazil and India are voicing the greatest confidence with more than two-thirds of employers in these markets planning to add full-time, permanent headcount in 2013.  Italy is the least optimistic, housing more employers who expect to decrease staff than those who expect to hire.    

Full Report:  http://www.careerbuildercommunications.com/pdf/2013-Global-Forecast.pdf

"The job outlook presents varying degrees of growth and deceleration as governments and businesses strive to rebuild and expand and deal with large deficits," said Matt Ferguson, CEO of CareerBuilder.  "Hiring activity in the BRIC countries ( Brazil, Russia, India and China) is projected to be significantly higher than other markets while recruitment in Europe remains sluggish as leaders struggle to resolve a debt crisis that has global implications.  The overall hiring picture is improving, but companies will remain watchful as they navigate headwinds and maneuver through somewhat precarious economic terrain."

The survey, conducted by Harris Interactive © from November 1 to November 30, 2012, included more than 6,000 hiring managers in countries with the largest gross domestic product. 

Current Financial Position

More than 60 percent of employers in the U.S. and BRIC countries reported that their company's financial position is stronger compared to this time last year.  Companies in Italy and Japan were the most likely to report that their financial situation has stayed the same or worsened.  

Number of Employers Who Are in a Better Financial Position Than One Year Ago:

  • India – 81%
  • Brazil – 80%
  • China – 67%
  • Russia – 63%
  • U.S. – 62%
  • U.K. – 50%
  • Germany – 45%
  • France – 38%
  • Japan – 34%
  • Italy – 25%

Full-time, Permanent Hiring in 2013

Emerging economies are the most aggressive in terms of hiring plans despite a slowing in economic expansion.  Brazil houses the largest percentage of employers adding headcount (71 percent), in part influenced by plans to host the upcoming World Cup and Summer Olympics and a better performing manufacturing sector.  Although impacted by weakened trade and market demand, China's and India's GDP have grown at a rate that far outstrips the rest of the world's major economies.  More than half of employers in China and two-thirds in India plan to hire in 2013.  Russia has hit record low unemployment and still benefits from metals and energy exports despite a fall off in demand in China and Europe.  There is also a more aggressive push for high tech investments.  Nearly half of Russian employers plan to add jobs. 

European nations continue to battle another recession.  The global decline further exacerbated the effects of austerity measures designed to manage down debt.  One-third of Italian employers (33 percent) expect to downsize staffs, the highest of the top 10 economies.  Hiring activity in France is expected to be flat with nearly one in four employers planning to add or decrease headcount.  While 30 percent of U.K. employers plan to hire, 21 percent are anticipating a decline for a net increase of only 9 percent adding jobs.  Germany, which has been somewhat insulated from the crisis but not immune, is more optimistic with nearly three in 10 employers planning to hire and 15 percent expecting a decline. 

In the U.S., concerns over the fiscal cliff during the time of the survey may have resulted in more conservative predictions, but hiring activity has been on a gradual upward trajectory.  Twenty-six percent will add new jobs this year.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs