Manpower has released the results of its latest Employment Outlook Survey. For the upcoming three months, global hiring is expected to grow in 40 of the 43 countries surveyed. However, growth is many of these areas is expected to be slower than the previous quarter as well as on a year-over-year basis. Following are some highlights from the survey results:
- The strongest hiring outlooks were reported in Guatemala and the United States. Construction, services, and agriculture are especially strong sectors in Guatemala, while in the United States, growth is anticipated in both the leisure/hospitality and wholesales/retail trade sectors.
- Canadian employers expect to see growth in all areas except mining. Depressed energy prices appear to be causing overall slower hiring on a year-over-year basis.
- Brazil’s slow hiring is expected to further deepen. This continues a trend that started in Q4 2011, with employer confidence dropping to its lowest level (again) since 2009.
- Nearly 15,000 employers in eight countries participated in the survey. While there is expected to be some hiring activity across the board, momentum is slowing across the region.
- Once again, employers in India report the strongest hiring plans, with more than one-third of employers expecting to increase payrolls during the quarter. The strongest sectors look to be services and transportation/utilities.
- Like Brazil, hiring plans have weakened in China in all industries and sectors in comparison to both the previous quarter as well as last year. The largest declines are in finance, insurance, and real estate.
- Taiwan is reporting increased hiring in the upcoming quarter after five consecutive quarters of decreases.
- Hiring forecasts are mixed across the region with increases expected in half of the countries participating in the survey and decreases in seven. Growth is expected to be slower than last year.
- A strong manufacturing sector in Romania helps position that country with the most optimistic outlook for the upcoming quarter, buoyed by similar strength in construction.
- The hiring outlook remains positive in the UK despite the turmoil associated with the “BRexit” referendum. The best opportunities for job seekers will be in construction, finance/business services, and utilities.
- Employers in Italy and Switzerland are reporting flat hiring for the upcoming quarter.
What global hiring activity are you seeing in your niche? Comment below!