Tuesday, March 10, 2015

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[IWS] MANPOWER EMPLOYMENT OUTLOOK SURVEY: UNITED STATES, Q2, 2015 [10 March 2015]

IWS Documented News Service

_______________________________

Institute for Workplace Studies-----------------Professor Samuel B. Bacharach

School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies

Cornell University

16 East 34th Street, 4th floor--------------------Stuart Basefsky

New York, NY 10016 -------------------------------Director, IWS News Bureau

________________________________________________________________________

NOTE: Funding for this service ends on 31 March 2015. Postings will end on this date as well.

 

Manpower Group

 

MANPOWER EMPLOYMENT OUTLOOK SURVEY: UNITED STATES, Q2, 2015 [10 March 2015]

http://meos-press.manpowergroup.us/

or

http://manpower.us/Website-File-Pile/MEOS/Manpower/MEOS-PDFs/Employment-Outlook-Survey-Q2-2015.pdf

[full-text, 12 pages]

 

Press Release 10 March 2015

Employers in 40 of 42 Countries and Territories Upbeat on Hiring, China and Brazil Outlooks Weaken

http://meos-press.manpowergroup.us/press/2015/meos_us_q2_2015/

 

MILWAUKEE (March 10, 2015) – U.S. employers expect to maintain healthy hiring plans during the second quarter, according to the latest Manpower Employment Outlook Survey, released today by ManpowerGroup. When seasonal variations are removed from the data, the Net Employment Outlook is +16% for the April – June timeframe, the same as the Q1 Outlook. The current forecast reflects an improvement from Q2 2014 when the Outlook was +13%.

At a global level, Outlooks are positive in 40 of 42 countries and territories, with only employers in Brazil and Italy expecting overall workforce reductions. This is the lowest number of countries and territories reporting negative outlooks since the third quarter of 2008. Weak hiring intentions are also reported in Austria, Belgium and France though labor market uncertainty extends beyond Europe with few signs of gaining any real momentum. For instance, employer confidence has declined in China, where the forecast has dipped to a level not reported since 2009, and in Brazil the forecast turns negative for the first time since the survey launched there in Q42009. This follows considerable declines compared to both the prior quarter and last year at this time.

U.S. Results Summary

Of the more than 18,000 U.S. employers surveyed, 22 percent anticipate an increase in staff levels during Q2 2015, while 4 percent expect to reduce workforce levels. Seventy-two percent of employers report no change, and the final 2 percent of employers are undecided about their hiring intentions. When seasonal variations are removed from the data, the U.S. Net Employment Outlook is +16%.

Quarter

Increase Staff Levels

Decrease Staff Levels

Maintain Staff Levels

Don’t Know

Net Employment Outlook(deseasonalized)

Q2 2015(current)

22%

4%

72%

2%

16%

Q1 2015(previous quarter)

19%

6%

73%

2%

16%

Q2 2014(one year ago)

19%

4%

73%

4%

13%

 

“For some time, U.S. employers have been experiencing incremental increases in demand for goods and services despite ongoing uncertainty in global economies,” said Jonas Prising, ManpowerGroup CEO. “Although growth remains modest, employers believe it is sustainable, and that confidence is reflected in their hiring plans. We’re seeing the rising tide of the economy extend broadly across geographies and sectors, which is positively impacting the labor market.”

 

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

The second quarter research shows quarter-over-quarter consistency in hiring plans for three out of four U.S. regions: the Northeast, Midwest and West. In the South, hiring intentions decline slightly. Compared with a year ago, staffing plans have improved across all four regions.

Employers have a positive Outlook in all 13 industry sectors included in the survey, with Leisure & Hospitality, Wholesale & Retail Trade and Professional & Business Services employers reporting the strongest intent to staff up. Hiring intentions are also notable in Financial Activities, Education & Health Services and Government, all of which report their most promising hiring plans since prior to 2009.

Employers in all 50 states have positive hiring Outlooks. Those most optimistic include employers in Idaho, North Dakota, Wisconsin, Michigan, Nebraska and Oregon. Employers in West Virginia, Alabama, Oklahoma, Kansas, New Jersey and Louisiana report the weakest Outlooks.

Among employers in the 100 largest metropolitan statistical areas, the strongest job prospects are expected in:

·         Boise, Idaho

·         Jacksonville, Fla.

·         Grand Rapids, Mich.

·         Milwaukee

·         Seattle

The weakest Outlooks are projected in:

·         Oklahoma City

·         Youngstown, Ohio

·         El Paso, Texas

·         Wichita, Kan.

·         Birmingham, Ala.

·         Baton Rouge, La.

 

Global Results Summary

·         More than 65,000 employers across 42 countries and territories were interviewed to anticipate global labor market activity. Staffing levels are expected to grow in 40 of the 42 countries and territories during the April-June 2015 period. This compares with 38 of 42 in Q1 2015.

·         Hiring intentions improve in 15 of 42 countries and territories when compared with the previous quarter, but decline in 18. When compared year-over-year, hiring intentions strengthen in 18 countries and territories but decline in 20.

·         The most optimistic Net Employment Outlooks are reported in Taiwan, India, Japan, Panama and New Zealand, while the weakest are reported in Italy, Brazil, Austria, Belgium and France. Italy and Brazil are the only countries where employers expect to reduce headcounts.

·         The labor market recovery continues to be uneven globally.  Employers are acutely aware of, and susceptible to, unfolding geopolitical events that can force them to change their hiring plans quickly,” added Prising. “We are seeing a mixed picture in emerging markets, with Indian employers expecting a bright hiring climate, Chinese employers cautious, and hiring prospects in Brazil continuing to weaken. In Europe, the outlook is more positive in Greece and Spain, but the picture remains bleak in Italy, where the outlook has been negative every quarter for more than four years.”

Complete results for the Manpower Employment Outlook Survey are available for download. Data specific to the U.S. can be found here, and results for all 42 countries and territories surveyed are available here.

The next Manpower Employment Outlook Survey will be released on June 9, 2015, to report hiring intentions for Quarter 3 2015. Visit our website to register to receive email notification when the survey is available each quarter.

*The Net Employment Outlook, often shortened to Outlook, is derived by taking the percentage of employers anticipating an increase in hiring activity and subtracting from this the percentage of employers expecting a decrease in hiring activity.

 

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This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.

 

 

 

 

 

 

 

 

 




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