Steady But Cautious Hiring Ahead For U.S.

Manpower says the U.S. can expect to steady, if cautious, hiring in the third quarter of the year.

Based on what the approximately 18,000 U.S. employers are reporting, Manpower’s quarterly Employment Outlook Survey predicts an 8 percent overall increase in hiring in the country over the third quarter last year.

“Although employers are not signaling dramatic upswings in hiring plans, there does seem to be hiring energy developing based on sustained year-over-year growth,” said Jonas Prising, ManpowerGroup president of the Americas.

If that was all he said, it would be better news than many of the other economic reports of the last several weeks. However, Prising tempered his comments, adding:

This is also the 11th consecutive quarter with a single-digit Net Employment Outlook, indicating a level of caution not seen among employers in the last 30 years of data. This fact, along with many clouds still on the economic horizon, may explain the tepid labor market growth we have seen so far.

Considering the lukewarm recovery the world is in — you see the report about China’s growth slowing as inflation grows? — any good news about employment is welcome. Over the last four quarters, the Manpower survey has accurately predicted the steady increase in hiring. Despite the dismal May numbers, that so far appears to be the case. The report also tracks with other indicators of steady employment improvement.

Released Tuesday, the Manpower survey says most major industry groups in the U.S. will hire more people than in the year before.  Only government and education and health services will shrink. Government payrolls, primarily at the state and local levels, have been shrinking for many months. The education and health services sector is a little surprising since healthcare has been a growth area. However, it’s likely influenced by cutbacks in education.

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Globally, Manpower says employment growth will continue to be strongest in the Asia-Pacific region, with India a hiring hot spot. However, five of the eight Asia Pacific countries and territories in the survey showed some weakening from three months ago.

Overall, says Manpower, which surveyed more than 63,000 employers worldwide, hiring in the third quarter will be strongest in India, Brazil, Taiwan and Turkey.  Spain, Greece, Italy and Ireland are in the negative in their hiring forecasts, meaning less hiring than in the same quarter a year before.

Reports for individual countries is available here.

John Zappe is the editor of TLNT.com and a contributing editor of ERE.net. John was a newspaper reporter and editor until his geek gene lead him to launch his first website in 1994. He developed and managed online newspaper employment sites and sold advertising services to recruiters and employers. Before joining ERE Media in 2006, John was a senior consultant and analyst with Advanced Interactive Media and previously was Vice President of Digital Media for the Los Angeles Newspaper Group.

Besides writing for ERE, John consults with staffing firms and employment agencies, providing content and managing their social media programs. He also works with organizations and businesses to assist with audience development and marketing. In his spare time  he can be found hiking in the California mountains or competing in canine agility and obedience competitions.

You can contact him here.

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