Free Trial

Manpower Group: Global Hiring Prospects Looking Up in Q4 2017

--21% of US Employers Plan Staff Increases in Q4
By Vicki Schmelzer
     NEW YORK (MNI)   - Global hiring prospects are looking up in Q4 2017,
according to the latest quarterly ManpowerGroup Employment Outlook Survey,
released Tuesday. 
     "For the first time since 2008 and the global recession, there are no
negative Net Employment Outlooks in any of the 43 countries surveyed,"
ManpowerGroup said in a statement accompanying the survey. 
     "Hiring confidence is strongest in Japan, Taiwan, Costa Rica, India and
Hungary," the survey said. 
     "The weakest fourth-quarter hiring plans are reported in Switzerland,
Brazil and the Czech Republic," the survey said.
     ManpowerGroup's survey of 59,000 employers in 43 countries and territories
found that hiring plans strengthened in 23 countries and territories, was
unchanged in seven, and declined in 13 when compared to Q3 2017. 
     "Employers in Costa Rica and the United States report the strongest
fourth-quarter hiring plans," with the "weakest hiring climate" expected in
Brazil," the survey said. 
     On the U.S. front, ManpowerGroup conducted interviews with 11,500 employers
in all 50 states, along with the top 100 Metropolitan Statistical Areas and the
District of Columbia and Puerto Rico, to gauge hiring intentions between
September and December 2017.  
     "In the final quarter of 2017, 21% of U.S. employers expect to increase
payrolls, while 6% anticipate a decrease in employment levels," the survey said.
     "In addition, 71% of U.S. employers expect no change in staffing levels,"
the survey said. 
     When ManpowerGroup adjusted the data to allow for seasonal variation, two
of the four U.S. regions showed strengthening hiring prospects in Q4 compared to
Q3 2017. 
     Employers in the Northeast reported an increase of 4 percentage points,
while employers in the South was one percentage point stronger. 
     Employers in the West reported no change compared to Q3, while those in the
Midwest reported a 1 percentage point decline. 
     Using the seasonal adjustments, the Net Employment Outlook for the U.S. is
+17% unchanged from Q3, with a breakdown by region of +18% for the Northeast,
South and West and the Midwest at +16%. 
     The top three industries with plans to expand were "Leisure and
Hospitality," "Wholesale and Retail Trade," and "Professional and Business
Services," where a net 32%, a net 27% and a net 24% of employers polled expected
to increase staff. 
     In construction, a net 20% of employers planned to hire additional workers,
a net 8% to decrease staff, a net 70% looked for no change, and a net 2% did not
     In terms of Metropolitan Statistical Areas, the top five highest Net
Employment Outlooks in Q4 2017 were Cape Coral at 35%, Oxnard at 27%, Charlotte,
Stockton at 26%, Deltona, Grand Rapids, Madison, McAllen at 25% and Allentown,
Worcester at 24%. 
     In Q4 2016, the top five MSAs were Honolulu at 33%, Provo at 31%, Miami,
Raleigh at 29%, Charleston, Nashville at 27%, and Cape Coral at 25%.
     The Manpower Group survey results reflect hiring intentions between
September and December 2017, within a mix of industries.
     All participants were asked, "How do you anticipate total employment at
your location to change in the three months to the end of December 2017 compared
to the current quarter?"
     ManpowerGroup's next Employment Outlook Survey, detailing "expected labor
market activity" for Q1 2018, will be released Dec. 12, 2017, 
--MNI New York Bureau; tel: +1 212-669-6438; email:
[TOPICS: M$U$$$,M$$FI$,M$$FX$]

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.