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US hiring in Q3 among most optimistic globally

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US hiring in Q3 among most optimistic globally

While growth is still seen as uncertain, employers are betting on the future.

A survey released today by staffing company ManpowerGroup reveals US employers' hiring intentions are among the strongest globally for the third quarter of 2015. Taking into account seasonal variations, the Net Employment Outlook is +16%, which is on par with Q2 2015 and up from Q3 2014 when the Outlook was +14%.

Only employers in Taiwan, India, Japan and Hong Kong make more optimistic hiring predictions than their American counterparts. Although most forecasts globally indicate payrolls will grow in the July-September time frame, the results suggest hiring will proceed at an uneven pace and overall hiring momentum will be marginally slower in comparison to the prior quarter and the same time last year. The forecast in Brazil is the weakest since the survey began in Q4 2009, and is also the country's first negative forecast.

"US employers have reported the same steady hiring plans throughout 2015."

Of the more than 11,000 US employers surveyed, 24% anticipate increasing staff levels in Q3 2015, the highest percentage of employers adding staff since Q3 2008. Four percent of employers expect workforce reductions, and 70% expect no change in hiring plans.

"US employers have reported the same steady hiring plans throughout 2015, and the third-quarter results are no exception," said ManpowerGroup CEO, Jonas Prising. "We are seeing the signs of a healthy labor market, with the outlook improving compared to 2014. Although there is some variance in optimism across sectors, employers are focused on growth and adding to their workforces at a controlled rate so as not to face the consequences of over-hiring."

"Employers are seeing few signs of accelerating momentum in the global economy, but, while caution remains widespread, the good news is most are recognizing the need to tentatively add to their workforces to meet demand rather than being stuck in wait-and-see mode. This is contributing to a generally positive hiring outlook," added Prising. 

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