LABOR MARKET OPTIMISTIC

 

U.S. employers expect the hiring pace to remain positive in Q3 2017 with one in four employers (24 percent) planning to add staff between July and September, according to the latest ManpowerGroup Employment Outlook Survey released today. Of the 11,000 U.S. employers surveyed, 70 percent expect to keep their workforce intact through the next three months and just four percent expect workforce reductions.

Taking seasonal variations into account, the Net Employment Outlook* for Quarter 3 2017 is +17%, which marks the 12th consecutive quarter with an Outlook of +15% or stronger. Nationwide hiring prospects improve by 2 percentage points when compared to one year ago.

“Employers across the country are optimistic but don’t want to get ahead of themselves. In most sectors, employers report relatively stable hiring plans with some upticks – most notably in durable goods manufacturing, where there are the strongest hiring intentions in more than nine years,” said Michael Stull, Senior Vice President, Manpower North America. “Technological disruption is rapidly changing skills needs, especially in manufacturing as the marketplace transitions from typical labor to more advanced roles. To keep up, we’re seeing employers increasingly invest in training and development programs so people can learn while they earn. We’re focused on building programs to help workers get the skills they need for tomorrow while staying employable today.”

Quarter

Increase
Staff
Levels

Decrease
Staff
Levels

Maintain
Staff Levels

Don’t
Know

Net Employment Outlook

(deseasonalized)

Q3 2017 (current)

24%

4%

70%

2%

17%

Q2 2017 (previous
quarter)

22%

3%

73%

2%

17%

Q3 2016 (one year ago)

23%

5%

71%

1%

15%

U.S. Hiring Plans by Regions, Industry Sectors and Metro Areas/States

  • Employers in all four regions in the U.S. have a positive outlook for their Q3 2017 hiring plans. When compared with the previous quarter, hiring intentions remain relatively stable in both the Midwest and the Northeast, while employers report no change in both the South and the West. Compared with this time one year ago, hiring prospects are slightly stronger in the Midwest and remain relatively stable in the South and West. Employers in the Northeast report no change year-over-year.
  • Nationwide, employers in all 13 industry sectors expect to add staff in Q3 2017. Industries reporting the strongest second quarter hiring intentions are: Leisure & Hospitality (+25%), Transportation & Utilities (+22%), Wholesale & Retail Trade (+21%), Mining (+18%) and Professional & Business Services (+18%).
  • For the coming quarter, employers in Michigan, Nebraska, Colorado, Iowa and Rhode Island report the strongest Net Employment Outlooks. Of the 100 largest metropolitan statistical areas, the strongest job prospects are expected in Grand Rapids, Mich.; Raleigh, N.C.; Charlotte, N.C.; Colorado Springs, Colo. and Des Moines, IowaIowa.
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s