Q3 Global Employment Outlook: Hiring Expected to Increase

Manpower has released the results of its latest quarterly global employment outlook survey; modest hiring increases are expected worldwide. Manpower surveys more than 59,000 employers in 42 countries on a quarterly basis. Key findings include:

Americas

• U.S. employers report the most robust hiring climate. The strongest growth is expected in the leisure & hospitality, and wholesale & retail trade sectors. Growth is also expected in construction and transportation & utilities.
• Canada remains cautiously optimistic, with employers planning to hire in finance, insurance & real estate, and transportation & public utilities.
• Hiring in Brazil has decreased for fifteen consecutive quarters, and Q3 is no exception. Hiring is strong in Costa Rica, and Argentina is expecting a slight increase due to a very strong manufacturing sector.

Asia Pacific

• Half of the employers surveyed in the manufacturing & services sector in Taiwan plan to hire during the third quarter.
• Hiring is also robust across all sectors in India with more than 40% of employers planning to hire. Actual hiring may be hampered by a continued talent shortage.
• Japan is reporting its strongest employment outlook since Q1 2008, with an especially robust mining sector. However, the shrinking workforce due to an aging population is a significant concern for employers.
• Mining & construction continues to be weak in Australia

EMEA

• Employment forecasts in EMEA are expected to increase on a quarter-over-quarter basis in 7 countries, while declining in 11. On a year-over-year basis, anticpated growth is equal to anticipated declines.
• Growth will continue in Turkey, although at a slower pace than previous quarters as well as year-over-year.
• There have been many news reports over an improved pace of hiring throughout the UK, and the Manpower survey reflects the same positivity. Growth is anticipated in all sectors and geographic regions except Scotland.
• Hiring in France is increasing due to a much-improved manufacturing sector, particularly within aerospace.

Manpower has been conducting the employment outlook survey for more than 50 years; it is unique in that it asks employers to predict future hiring instead of reporting historical data.

What is the employment outlook in your region or sector? Does it reflect the Manpower data? Please share in the comments below.