Hiring activity in the majority of the world's labor markets is expected to remain relatively stable or improve from three months ago, suggesting added stability in the environment, the Manpower Employment Outlook Survey for the second quarter revealed Tuesday.
Employers in 32 out of 41 countries and territories surveyed report varying degrees of positive hiring activity for the second quarter, with those in 37 expecting relatively stable or improved hiring activity compared to the first three months of the year. Employers continue to struggle with fluctuating demand, survey data showed.
For the quarter ahead, outlook showed a mixed trend as the net employment outlooks declined in just 11 nations and territories, while it improved in 23. Compared to twelve months ago, outlooks are softer in 24 countries and territories, and improve in 13.
Hiring expectations remain positive in all 10 countries Manpower surveys in the Americas, with net employment outlooks improving from three months ago in seven countries. Regional hiring expectations were strongest in Brazil and Peru, while the U.S. revealed weakest expectations.
The holding pattern on hiring is most prevalent across the Europe, Middle East and Africa (EMEA) region with employers in 12 of 23 countries reporting relatively stable hiring plans compared to the first quarter and those in nine anticipating an improvement in the hiring pace.
Regional hiring plans are strongest in Turkey, Israel, Romania and Norway, and weakest in Greece and Spain. "The bright spot in Europe continues to be a resilient German labor market that is attracting skilled workers from weaker markets in the region," Jeffrey Joerres, Chairman and CEO of ManpowerGroup said.
Across the Asia Pacific region, hiring intentions remain solid. Only Hong Kong showed notable weakness in hiring plans.
by RTT Staff Writer
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