Certain Uncertainty: Global Hiring Outlook for Q3 2016 Indicates Continued but Slowing Hiring
MILWAUKEE, June 14, 2016 /PRNewswire/ -- Most employers across the globe plan to increase hiring over the next three months, though at a slightly slower pace than recent quarters. This is according to the latest Manpower Employment Outlook Survey, released today by ManpowerGroup (NYSE: MAN). Hiring confidence is strongest in India, Japan, Taiwan, Guatemala, Romania and the United States for the third quarter, with the weakest hiring forecasts being reported in Brazil, Italy and Switzerland.
View complete Q3 2016 survey results: www.manpowergroup.com/meos
Of the nearly 59,000 employers interviewed globally, 40 of 43 countries and territories anticipate increasing their staffing levels in Q3 2016. Compared to Q2 2016, hiring prospects strengthen in 14 of 42* countries and territories, are unchanged in 7 and decline in 21. Compared with last year at this time, outlooks improve in 13 countries and territories, weaken in 24 and are unchanged in 5.
"Stronger employer hiring intentions in most regions is certainly cause for optimism, though global growth is still below pre-recession levels," said Jonas Prising, Chairman & CEO of ManpowerGroup. "The political uncertainty in Europe and the United States means employers are hesitant to significantly add to their workforce, but they do continue to hire at modest levels, and many are still experiencing difficulty finding in-demand skills. Meanwhile, the economic slowdown in China still casts a shadow over its trading partners and an otherwise mostly stable economic situation."
Global Hiring Plans by Region
- EMEA: Romanian employers report the region's strongest third-quarter hiring plans, while the weakest outlooks are reported in Italy and Switzerland. For the first time in eight years, there are no negative national forecasts reported among countries in the EMEA region. The third-quarter survey also includes Portugal for the first time, with cautiously optimistic hiring forecasted in the next three months.
- Asia Pacific: Job gains are expected in all eight countries and territories surveyed in the Asia Pacific region. For the fourth consecutive quarter, employers in India report the most optimistic regional and global hiring plans, while employers in China report the region's weakest forecast.
- Americas: Employers in Guatemala and the United States report the region's most optimistic third-quarter hiring plans. The only negative forecast for the region (and of all countries included in the survey) is reported by employers in Brazil.
To view complete results for the Manpower Employment Outlook Survey, visit www.manpowergroup.com/meos. The next survey will be released on 13 September 2016 to report hiring expectations for Q4 2016. To receive email notifications when the survey is available each quarter, visit press.manpower.com.
*Portugal joined the survey in Quarter 3 2016 and has no trend data to compare at this point.
About ManpowerGroup ManpowerGroup® (NYSE: MAN) is the world's workforce expert, creating innovative workforce solutions for nearly 70 years. As workforce experts, we connect more than 600,000 people to meaningful work across a wide range of skills and industries every day. Through our ManpowerGroup family of brands – Manpower®, Experis®, Right Management® and ManpowerGroup® Solutions – we help more than 400,000 clients in 80 countries and territories address their critical talent needs, providing comprehensive solutions to resource, manage and develop talent. In 2016, ManpowerGroup was named one of the World's Most Ethical Companies for the sixth consecutive year and one of Fortune's Most Admired Companies, confirming our position as the most trusted and admired brand in the industry. See how ManpowerGroup makes powering the world of work humanly possible: www.manpowergroup.com