The strongest labour market is anticipated by Large employers with a Net Employment Outlook of +18%.
Mining and Construction report an outlook of (+26 percent) and the number appears to be improving considerably both quarter-over-quarter and year-over-year. The survey collects data from over 59,000 employers in 44 countries, including 1,500 in Australia.
Hiring prospects weaken in three of the four regions when compared with the previous quarter. Employers in Wholesale & Retail Trade report some of the most optimistic hiring plans in more than 16 years as online retail continues to grow and the increase in distribution workers is expected to rise. ManpowerGroup interviewed over 59,000 employers globally and found that the job markets are upbeat in Taiwan, Japan, Hungary, and the United States, while Italy, the Czech Republic, and Switzerland presented weak outlooks. Meanwhile, the weakest Outlook is reported by Manufacturing sector employers, standing at +9%.
Upskilling and reskilling remain key, though.
The impact of a softer outlook in the Mining & Construction sector can be seen in Queensland where hiring expectations are down three percentage points year-on-year as the state deals with an end to the frenetic pace of apartment building in Brisbane over recent years.
That means the Winston-Salem area has a net positive employment outlook of 17 percent, also the lowest among the four metro areas.
ManpowerGroup Australia & New Zealand managing director Richard Fischer believes the national NEO of +10% is clear evidence of a strong labour market while noting that there are distinct differences across the country. "However, we continue to see variation across sectors and regions".
Manpower is out with its employment outlook survey today (Tuesday) on hiring intentions for April through June. Hiring plans improve in five countries and territories year-over-year, decline in two and are unchanged in one. Elsewhere, medium employers report steady hiring prospects with an outlook of +11%, while outlooks stand at +5% and +3% for small- and micro-size employers, respectively.
Employers expect to increase staffing levels in all seven industry sectors during the upcoming quarter.
"While the country still faces challenges in terms of repairing years of economic sluggishness, promises of policy certainty and consistency seem to have had a further positive effect on confidence and the strength of the economy thus far. While this may take some time to flow through the economy, there are clearly positive signs".
Both state and national hiring outlook numbers are stronger than the current quarter, when a net of 15 percent of IN employers planned to hire and 19 percent of US employers expected to add jobs. Seasonal adjustment is then applied to the data.