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Manpower Employment Outlook Survey Shows Most Global Employers To Adopt Wait-and-See Approach To Hiring For Rest Of Year

MILWAUKEE, Sept. 10, 2013 /PRNewswire/ -- Global hiring conditions are expected to remain stable for the remainder of 2013, but ManpowerGroup's (NYSE: MAN) fourth-quarter Manpower Employment Outlook survey, released today, reveals few signs that global hiring momentum will improve by any notable degree.

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

  • Employers in Fewer Countries Plan to Boost Payrolls: Employers in 29 of the 42 countries and territories surveyed plan to increase hiring by varying degrees during the fourth quarter, compared with 32 during the July-September timeframe. Hiring prospects are stronger in only 14 of 42 countries and territories when compared with the prior quarter, weaken in 19 and are unchanged in nine. Outlooks are stronger in 16 countries and territories when compared with one year ago at this time, but hiring plans weaken in 25 and are unchanged in one.
  • U.S. Outlook Strongest in Over Five Years: The hiring outlook in the U.S. now stands at its strongest level since 2Q 2008 after steadily improving for four years, although still significantly below its previous peak in 2006. Staffing levels are expected to grow in all 13 industry sectors and all four regions. Quarter-over-quarter, hiring intentions weaken in 11 sectors but improve in two regions. When compared with 4Q 2012, hiring prospects strengthen in seven sectors and all four regions.
  • Emerging Markets Lead the Way: Fourth-quarter hiring plans in India are the most optimistic across the globe, and are expected to rebound decisively following four consecutive quarters of relatively lackluster forecasts. After India, hiring prospects are strongest in Taiwan, Panama, Singapore and Brazil.
  • Weakest Hiring Expectations in European Countries: The softest opportunities for job seekers are expected in Italy, Spain, Finland, Ireland and Hungary. Although the Eurozone is now technically out of recession, overall hiring intentions are slightly weaker in Europe. Employers forecast job gains in 10 of 23 countries in the fourth quarter, compared to 13 positive forecasts reported three months ago. Payroll cuts are expected in 10 countries — the same as in 3Q. Employers in Turkey report the region's most upbeat hiring plans, while the labor market recovery in Greece is forecast to continue.
  • Upbeat Outlook in China and Japan: Chinese employers anticipate a respectable hiring pace for the rest of 2013, with outlooks unchanged quarter-over-quarter and relatively stable year-over-year. For the second consecutive quarter, Japanese employers report upbeat hiring intentions, with a seasonally adjusted Net Employment Outlook of +15%. Hiring prospects are four percentage points stronger when compared with 4Q 2012.

"There are encouraging signs from many parts of the world, including evidence of economic stability in Europe, and steady job creation and unemployment at a four-year low in the U.S., helping to reduce some of the uncertainty that has clouded the global economic environment," said Jeffrey A. Joerres, ManpowerGroup Chairman and CEO. "However, while those clouds are starting to break up, there is still not enough of a clear picture for employers to move out of wait-and-see-mode and commit to more aggressive full-time hiring.

"There needs to be further consistent improvement in the overall global picture before we will see noticeable, collective change. There are numerous pockets of momentum but, as yet, this has not proved to be consistent enough or sustained enough to translate into any meaningful breakthrough."

Stock quotes in this article: MAN 

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