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TheStreet Open House

Manpower Employment Outlook Survey Shows Few Signs Of Global Breakthrough, Despite Positive Hiring Plans In Most Labor Markets

MILWAUKEE, JUNE 11, 2013 /PRNewswire/ -- ManpowerGroup's (NYSE: MAN) third-quarter 2013 Manpower Employment Outlook survey, released today, provides little evidence that global hiring plans are improving by any notable degree into the second half of the year as uncertainty continues to hinder employer confidence across the globe.

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This quarter's research of over 65,000 hiring managers in 42 countries and territories reveals:

  • Hiring Activity Slows: Employers in 31 countries and territories surveyed plan to boost payrolls in the coming quarter, compared with 32 of 42 in Q2. Hiring optimism strengthens quarter-over-quarter in 17 countries and territories but weaken in 21. When compared with one year ago at this time, outlooks improve in 14 countries and territories but decline in 26.
  • Emerging Markets Again Head the Pack: Employers in Taiwan, Brazil, Panama, Peru and Turkey reported the strongest hiring expectations globally. The weakest markets for job seekers are expected in Italy, Ireland and Spain.
  • Europe Still Buffeted by Economic Headwinds: Although hiring expectations are positive in 13 of 24 countries in the Europe, Middle East and Africa (EMEA) region, employers report negative hiring intentions in nine countries — the same number as in Q2. The Net Employment Outlook in France is negative for the first time in four years, and although the outlook in Greece remains negative, it continues to improve.
  • Asia-Pacific Positive, But Hesitant: Workforces are expected to grow in all eight countries and territories in the region but employers in India report the weakest forecast since joining the survey eight years ago.  China's Outlook is the weakest in three-and-a-half years.
  • Percentage of U.S. Employers Planning to Add to Payrolls Strongest in Four Years: The U.S. labor market remains upbeat, with the overall percentage of U.S. employers expecting to hire during the third quarter greater than at any point since before 2009. 

"Employers around the world are growing accustomed to unpredictable economic conditions and are becoming increasingly agile in the face of an ever-changing environment," said Jeffrey A. Joerres, ManpowerGroup Chairman and CEO. "They are remaining disciplined and only pulling the trigger as demand dictates, resulting in a decidedly pedestrian global hiring pace.

"Sluggish demand is actually exacerbating talent shortages as companies who are looking to boost payrolls are more selective about potential hires, seeking that exact match instead of taking the time to develop the skills of less-qualified applicants. If demand for their products and services was more robust, they would not have the same luxury of time — hence the apparent head-scratcher of listless jobs growth and greater skills shortages."          

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