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US posts highest net employment outlook since 2006: ManpowerGroup

June 11, 2019

Hiring intentions in the US are the highest since 2006, according to ManpowerGroup Inc.’s (NYSE: MAN) Employment Outlook Survey for the third quarter.

The survey, which included more than 11,500 employers, asked “How do you anticipate total employment at your location to change in the three months to the end of September 2019 compared to the current quarter?”

According to the results, 27% said they planned to increase payrolls, 3% planned to decrease payrolls, 69% planned no changes and 1% said they didn’t know. That made for a net employment outlook of 24%; when seasonally adjusted, the outlook goes to 21%.

It’s that 21% seasonally adjusted net employment outlook that is the highest in 13 years.

ManpowerGroup’s report also broke down the results by 13 industry sectors, with “professional and business services” recording the highest seasonally adjusted net employment outlook at 28%. Next-highest was “leisure and hospitality” at 27%.  

“Information” posted the lowest seasonally adjusted net employment outlook at 14%.

Of the four US geographic regions — the West, Midwest, Northeast and South — the highest seasonally adjusted net employment outlook was in the west at 22%. The reading was 21% in the Midwest, 20% in the South and 19% in the Northeast.

Among US metropolitan areas, the Charlotte, North Carolina, area had the highest net employment outlook in the survey at 37%. Next-highest was Grand Rapids, Michigan, at 36%.

“At a time of record-low unemployment and employer optimism at levels we haven’t seen since the mid-2000s, we need to do more to connect people to jobs if we're going to sustain economic growth,” said Becky Frankiewicz, president of ManpowerGroup North America. “To find and retain top talent, the best companies are offering holistic benefits packages with accelerated training programs and opportunities to learn, earn more and move up so employees have the skills for jobs today and tomorrow.”

ManpowerGroup also surveyed companies globally, including 59,000 employers in 44 countries and territories around the world.

Canada had a seasonally adjusted net employment outlook of 12%; Mexico was at 10%.

The highest seasonally adjusted net employment outlook among countries was 25% in Japan, followed by 22% in Taiwan. In the UK, it was 4%.


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