4 in hiring sentiment, shows study

What slowdown? Employers upbeat about hiring in Q4 2019, finds ManpowerGroup survey

What slowdown? Employers upbeat about hiring in Q4 2019, finds ManpowerGroup survey

"As 2019 ends, the market for Canadian job seekers is a bit of a mixed bag".

The ManpowerGroup Employment Outlook Survey for Q4 2019 was conducted by interviewing a representative sample of 5,131 employers in India.

The survey of over 1,900 employers across Canada reveals that 15% of employers plan to increase their staffing levels in the fourth quarter of 2019, while 6% anticipate cutbacks.

The net employment outlook of +4 per cent is the weakest reported in two years, as trade conflicts and uncertainties weigh on business confidence, said ManpowerGroup Singapore in a statement today. The result of this calculation is the Net Employment Outlook.

Note 2: Seasonal adjustment is a statistical process that allows the survey data to be presented without the impact of hiring fluctuations that normally occur through the year, usually as a result of various external factors.

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Employment_Outlook

Employers expect to increase payrolls in all three organisation sized categories during the forthcoming quarter.

EMEA: The strongest Q4 Outlooks are reported in Greece (+18%), Slovenia (+17%), Norway and Sweden (10%), with hiring plans in most of the region's large economies remaining modest yet stable. Forecasts were positive but down quarter-over-quarter across all industries, most notably in Finance, Insurance & Real Estate where employers reported a seven-percentage-point fall on the previous quarter. Outlook for the north stands at 16 percent.

Employers in Japan report the region's most confident hiring intentions (+26%), at a time when the tight labor market continues to boost hiring demand. A sharp improvement of 29 percentage points is reported in the east. In the south, employers reported an increase of five percentage points, while outlooks are four and three percentage points stronger in the west and north, respectively.

Sector-wise comparisons Employers anticipate payroll gains in all seven industry sectors during the Q4 2019. The strongest USA sector Outlooks are reported in the Leisure & Hospitality (+27%), Professional & Business Services (+24%) and Wholesale Trade & Retail Trade (+23%) sectors. "Respectable payroll gains are also forecast in two sectors with outlooks of +25% in the wholesale and retail trade sector and +22% in the services sector".

Positive hiring opportunities are expected in manufacturing sector and the mining and construction sector, where outlooks stood at 16 per cent and 13 per cent, and in the transportation and utilities sector at 11 per cent.

The fourth-quarter figure is below the +11 per cent outlook that employers had stated for the current third quarter, as well as the +12 per cent outlook for the fourth quarter of past year. The margin of error for all national, regional and global data is not greater than plus or minus 3.9 percent.

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