Manpower’s quarterly Global Employment Outlook indicates that opportunities for job seekers across most major labor markets are expected to remain positive throughout the third quarter. Only four countries (Italy, Belgium, France, and the Netherlands) report a negative hiring outlook during this time span. Hiring plans are less strong than the previous quarter, but higher on a year-over-year basis. For this report, ManpowerGroup surveyed more than 65,000 employers from 42 different countries and territories. Key take-aways include:
The Americas (45% of respondents, 10 countries):
- Peru reports the strongest outlook, with more than 25% of employers planning to add to their payrolls in the third quarter
- The outlook in Brazil has declined for 11 consecutive quarters, with the greatest declines in the manufacturing and agricultural sectors
- Employer optimism in the USA is the strongest since Q2 of 2008; this also marks 19 consecutive quarters of a positive outlook
- Canada is expecting moderate growth in manufacturing-durables, transportion & utilities, and public administration
- Finance, insurance & real estate, and manufacturing sectors have increased significantly in Argentina over the previous quarter
Asia Pacific (24% of respondents, 8 countries)
- More than 50% of Indian employers plan to add staff in the third quarter; a robust manufacturing sector is expected to increase the demand for engineers
- Taiwan is also reporting improved hiring among nearly half of employers with the strongest reporting in the finance and insurance & real estate sectors
- The pace of hiring in China is expected to remain steady for now, but the long-term outlook is murkier
- Japan also reports growth in mining and construction compared to both the previous quarter and the previous 12 months
- Australia has the weakest hiring plans in the region; however, indicators are improving slightly from last year
EMEA (31% of respondents, 24 countries)
- Survey results are mixed in EMEA with only 19 countries reporting a positive outlook, compared with 21 in the previous quarter
- Job seekers in the UK are expected to benefit from the strongest forecast since Q1 of 2008
- Greece, Ireland, and Spain are all reporting positive hiring outlooks, while weak hiring persists in Italy
- Negative hiring is expected in both Belgium and the Netherlands
- Turkey’s hiring pace continues to be active with substantial year-over-year improvements in manufacturing, restaurants & hotels, construction, and pharmaceuticals
- Employers in South Africa indicate their strongest hiring forecast in four years, with increased activity in all industry sectors
Employers worldwide are continuing to lament a skills gap in numerous industry sectors, which makes it more likely they will need the resources of a skilled recruiter to fill their critical needs. Are you poised to take advantage of this strong global employment outlook?
