Market Commentary and Intraday News

Manpower Survey Reveals Positive, But Cautious Hiring Plans In Q4

253 days ago

(RTTNews) - Most of the labor markets in countries across the globe have "continued positive, but cautious" hiring plans for the fourth quarter of 2012, amid ongoing economic uncertainty, the latest survey by ManpowerGroup showed Tuesday.

According to the survey, job seekers will see varying degrees of positive hiring activity across 31 of 42 countries and territories, with employers in 22 labor markets reporting improved or relatively stable hiring intentions compared to the third quarter.

However, the pace of hiring is expected to weaken in 26 markets compared to one year ago, the report said. Employers in nearly all industry sectors in the emerging markets of China, Brazil and India are expected to slow the pace of hiring compared to fourth quarter last year, most notably in India.

Meanwhile, in the world's seven largest economies, hiring forecasts remain "positive yet conservative" in all countries except Italy, where the outlook declined further into negative territory.

In the U.S., employers remain confident enough to maintain the same steady hiring pace seen over the past year," ManpowerGroup Chairman and CEO Jeffrey Joerres said. Despite the continued challenges in the Eurozone, the French, German and UK labor markets exhibit some resiliency compared to three months ago and that's a positive sign, Joerres added.

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