Hiring rebound expected to continue in third quarter
Employers around the country anticipate more hiring in the third quarter of this year, marking the third consecutive quarter of job growth, according to the latest Manpower Employment Outlook Survey conducted by Milwaukee-based Manpower Inc.. Manufacturing and related industries are among the industries that anticipate continued job growth, the survey says.
Eighteen percent of the more than 18,000 businesses surveyed plan to hire more workers in the third quarter, while eight percent anticipate a decrease – leaving a net employment outlook of +10 percent. Seventy percent of those surveyed expect no change in employment.
“We have been waiting for the labor market to show signs of sustained recovery,” said Jeff Joerres, chairman and CEO of Manpower. “The survey results for the third quarter are indicating a trend of hiring retention that has historically proven to be the positive inflection point of accelerated job growth.”
About nine percent of durable goods manufacturers anticipate hiring more workers, while about 12 percent of non-durable goods manufacturers will increase employment. About 17 percent of companies in the mining sector will hire more employees in the third quarter. About nine percent of the transportation and utilities and eight percent of the construction employers anticipate increased employment as well.
“Although we are still facing a difficult labor market, more employers indicate confidence about the direction of their businesses, and with that comes an intention to increase their workforces,” said Jonas Prising, president of the Americas with Manpower. “We are in the early stages of the job recovery, and although we have a long way to go, the job market will continue to improve from there.”