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Portfolio > Economy & Markets

Most Promising U.S. Hiring Outlook Since 2008: Manpower

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While the gains may be small, they’re still gains: U.S. employers, according to a Manpower survey, intend to do some modest hiring in the first quarter of 2011. The seasonally adjusted results of the “Manpower Employment Outlook Survey,” conducted quarterly, indicate that anticipated hiring is up by 9%. That’s up from 5% in the same period last year, and 5% in Q4 of 2010.

The surveys indicate five straight quarters of increases, and reflect anticipated stability in existing employment, with 7 out of 13 industries surveyed expecting relative stability compared to Q4 of 2010.

While 14% of employers surveyed anticipate increasing staffing in Q1 2011, 10% expect to reduce staffing; that results in a net employment outlook of 4%. That becomes 9% when seasonally adjusted.

Jonas Prising, Manpower president of the Americas, said in a statement, “The fact that hiring expectations are trending upward is an encouraging sign.” He added that the survey responses for the coming quarter “paint a picture of a job market that is easing up, although not as quickly as anyone would like.” The improvement seen over the past year, he said, suggest that the labor market will be more active in 2011.

Compared to a year ago, all four U.S. geographic regions anticipate hiring in Q1 2011. The Midwest and South are the most optimistic, with the west lagging. The mining sector and Wholesale & Retail Trade both anticipate hiring rates to drop, although they still plan to add staff, while 9 of the other 11 sectors surveyed expect it to increase. The construction industry expects a 9% reduction; the government sector is flat.


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