Manpower Employment Outlook survey shows that U.S. employers intend to maintain current hiring pace through the end of the year, resulting in the most robust fourth quarter outlook in five years.
Although the U.S. economy is still struggling to fully recover from the effects of the Great Recession, hiring decision-makers intend to maintain the current pace of new hires for the remainder of 2012.
A recent Manpower Employment Outlook survey shows that the net employment outlook for Q4 2012 is +11% — the same figure as Q3 2012 and an increase from Q4 2012 outlook of +8%.
Other findings contained in the report include:
- Best Q4 in Five Years. The Q4 2012 Net Employment Outlook estimate of +11% represents the most robust fourth quarter employment since 2007.
- Three-Year Growth Trend. Employers have become increasingly confident over the past three years with no declines in the Net Employment Outlook quarter-over-quarter.
- Hiring Strength. The Net Employment Outlook has also been gaining strength since the low point of -2% in Q3 2009. The high point of the past ten years occurred in Q3 2006 at +21%, and the current Outlook of +11% represents a historical midpoint.
- National Hiring. The most recent study shows that employers in nearly all (49 out of 50) states currently have positive hiring intentions. Likewise, hiring decision-makers in 99 of the 100 largest metros plan to either maintain or increase their hiring.
“Despite tumultuous global economies, election uncertainty, record heat waves, healthcare reform and other challenges, employers indicate that steady but cautious hiring progress will continue through the end of the year,” said Jonas Prising, ManpowerGroup president of the Americas. “Employers have shown remarkable consistency in their careful approach to staff growth. The data shows that companies are very cautious about adding staff, but still have the intention to increase their workforces into the fourth quarter.”
For the full report, visit the Manpower website.