The impact of a softer outlook in the Mining & Construction sector can be seen in Queensland where hiring expectations are down three percentage points year-on-year as the state deals with an end to the frenetic pace of apartment building in Brisbane over recent years. When compared with 1Q 2018, hiring prospects are five percentage points stronger in Gauteng, and improve by two percentage points in KwaZulu-Natal. The strongest labour market is forecast in the finance, insurance, real estate and business services sector, where the Net Employment Outlook stands at +15%.
The strongest hiring prospects were recorded in the sector of electricity, natural gas and water, with a +22 percent reading. "But the current outlook is definitely softer than the positive hiring sentiment expressed over the prior six quarters", Nebojsa Biskup, country manager Manpower Slovenia, is quote saying. Employers in the South and the West report relatively stable hiring intentions when compared with the second quarter of 2017. ManpowerGroup has been providing this valuable insight to greater business community for more than 50 years. Payroll gains are forecast for all four organisation size categories during 2Q 2018.
When analysing hiring intentions across industries the finance, insurance and real estate sector and the services sector, are two of the strongest labour markets where employers report net employment outlooks of +24% and +23%, respectively.
For the coming quarter, employers in Wisconsin (+30%), New Hampshire (+30%), Alaska (+29%), ME (+29%) and Colorado (+27%) report the strongest Employment Outlooks.
Employers in all four regions in the US report a positive hiring Outlook for Q2 2018. Employers report the strongest hiring intentions in Leisure & Hospitality (+28%) as the economy picks up. Similarly, employers in the Services sector report a decline of three percentage points compared to the same period in 2017.
Staffing levels are expected to grow in all eight Asia Pacific countries and territories surveyed for the April-June period, i.e. Australia, China, Hong Kong, India, Japan, New Zealand, Singapore, and Taiwan. ManpowerGroup interviewed over 59,000 employers globally and found that the job markets are upbeat in Taiwan, Japan, Hungary, and the USA, while Italy, the Czech Republic, and Switzerland presented weak outlooks.