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US employment outlook returns to post-recession strength for Q416

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US employment outlook returns to post-recession strength for Q416

Net employment outlook of 18% last seen in Q4 2015, strongest since 2007

US employers indicate a slight increase in hiring plans for the final three months of 2016, according to a study released today by staffing giant ManpowerGroup. Taking into account seasonal variations, the Net Employment Outlook for Quarter 4 2016 is +18%, which matches the strongest post-recession Outlook reported in Quarter 4 2015. Hiring plans nationwide improve by three percentage points compared to the previous quarter, with all 13 industry sectors planning to increase their payrolls.

"Many are challenged to find candidates with the right skills."

Of the more than 11,000 US employers surveyed, 22% anticipate increasing staff levels in Quarter 4 2016. This is a one percent decrease from Quarter 3 2016, and a one percent increase from Quarter 4 2015. Six percent of employers expect workforce reductions and 69% expect no change in hiring plans. The final three percent of employers are undecided about their hiring intentions, resulting in a seasonally adjusted Net Employment Outlook of +18%.

Nationwide, employers in all 13 industry sectors expect payrolls to increase during Quarter 4 2016, with Leisure & Hospitality (+30%), Wholesale & Retail Trade (+22%), Transportation & Utilities (+20%) and Professional & Business Services (+17%) employers reporting the strongest hiring intentions.

"Employers are optimistic, though hesitant, with their hiring intentions and we're pleased to see levels we were seeing before the recession," said Kip Wright, Senior Vice President of Manpower North America. "While employers are looking to grow their workforces, many are challenged to find candidates with the right skills. As the hiring outlook continues to improve, attracting and retaining skilled talent will become even more difficult. That's why we're hearing more about companies like AT&T and Marriott that are adopting strategies to develop their employees' skill sets and competing to attract those with the most in-demand skills – especially in industries like IT and engineering."

 

 

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