Latest ManpowerGroup Employment Outlook Survey finds employers in 26 countries report a weaker hiring outlook compared with the same period last year, improving in 12, and remaining unchanged in two.*
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All regions showed a net positive hiring outlook, though hiring plans are weaker year-over-year globally.
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North America continues to hold the strongest outlook (+35%), followed by Asia Pacific (+31%), and South and Central America (+29%), with Europe, Middle East and Africa reporting the weakest (+20%).
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Digital roles continue to drive the most demand globally with businesses in the IT industry reporting the brightest outlook for the third time this year but weakening -7% compared with Q3 2022.
MILWAUKEE, June 13, 2023 /PRNewswire/ — While temperatures in many countries are heating up, global hiring plans are cooling off heading into summer, according to the latest ManpowerGroup (NYSE: MAN) Employment Outlook Survey of nearly 39,000 employers in 41 countries. The research is based on survey responses fielded from April 3-28, 2023. The Net Employment Outlook (NEO) for Q3 is +28%, down 4% from the same time last year, suggesting that economic headwinds are starting to impact employers’ hiring expectations.
“This data suggests employers are planning more measured hiring for the quarter ahead as they navigate a range of local and macro level challenges from supply constraints to uneven consumer confidence and rising inflation,” said ManpowerGroup Chairman and CEO Jonas Prising. “That said, attracting and retaining business critical talent remains a priority, and our survey respondents around the world continue to be focused on hiring for in-demand roles.”
Used internationally as a bellwether of economic and labor market trends, the NEO is calculated by subtracting the percentage of employers who anticipate reductions in staffing levels from those who plan to hire.
KEY FINDINGS FROM THE Q3 REPORT
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For Q3 the most optimistic hiring…
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