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US job growth expected to hold steady in the New Year

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US job growth expected to hold steady in the New Year

“Workers are gaining leverage.”

US employers remain confident in their hiring plans as they embark on a new year, according to an annual forecast from HR tech provider CareerBuilder. Thirty-six percent of employers plan to add full-time, permanent employees in 2016, the same as 2015. Nearly half of employers plan to hire temporary or contract workers.

Workers can also expect to see higher starting salaries, more teens in internships, more women and minorities in leadership, and more opportunities to move from low-skill to high-skill jobs, among other trends.

"On average, the US has added 200,000 jobs each month over the last two years, and we expect 2016 to produce similar results, if not better," said Matt Ferguson, CEO of CareerBuilder. "The market is also showing signs of broader wage pressure. While employers have been more willing to pay a premium for high-skill labor, they now have to pay more competitive wages for entry-level positions. Workers are gaining leverage." 

"The market is also showing signs of broader wage pressure."

Full-time, Permanent Hiring
While more than a third of employers are increasing full-time, permanent headcount, 45% anticipate no change. One in ten employers plan to decrease staff levels, while 9% are unsure of their hiring plans. 

Comparing industries, financial services (46%), information technology (44%), and health care (43%) are expected to outperform the national average for employers adding full-time staff. Manufacturing (37%) is expected to mirror the national average.  

Temporary and Contract Hiring
Employers are also optimistic about temporary employment. Forty-seven percent reported they will add temporary or contract workers in 2016, up slightly from 46% last year. Of these employers, 58% plan to transition some temporary or contract workers into permanent roles in 2016.

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