Employers Confident in All Areas -- Your New Job May Be Around the Corner
Employers in all 50 states, as well as in all 13 industry sectors, have a positive outlook for the upcoming quarter, and many expect profits and payrolls to grow, according to the latest Manpower Employment Outlook Survey, conducted quarterly by Manpower, Inc.
Of the more than 18,000 employers surveyed, 16 percent anticipate an increase in staff levels in their second-quarter 2011 hiring plans, while 6 percent expect a decrease in payrolls, resulting in a Net Employment Outlook of +10 percent. Seasonally adjusted, it comes out to +8 percent. That's up from +6 percent the quarter before.
"We should see the same measured hiring pace in the U.S. as we did in the first quarter; however, unadjusted industry sector data reveals some positive signs," said Jeffrey A. Joerres, Manpower Inc. chairman and CEO. "First, employers in 10 of the 13 industry sectors surveyed expect hiring to improve from three months ago. Second, there is a notable uptick in the Manufacturing-Durables sector where nearly one in five employers expect to increase payrolls."
Here are some of the more positive findings of the survey:
- Positive outlook in every state: Employers in all 50 states report positive hiring intentions, and 33 out of 50 states anticipate considerable increases. Puerto Rico and Washington, D.C., employers also report positive hiring intentions.
- All industries looking to hire: Employers in the 13 industry sectors surveyed each report a positive outlook, with Mining and Leisure & Hospitality employers being the most optimistic. Employers in 10 of the 13 industry sectors expect hiring to increase from three months ago.
- Six straight quarters of employment growth:Employers have reported a positive overall hiring outlook since the first quarter of 2010, according to seasonally adjusted data.
- Fewer employers plan to decrease headcounts: Six percent of employers plan to reduce employee levels in the second quarter of 2011, down from recessionary highs of 14 percent in 2009.
But we're not quite out of the woods yet. "Nearly all of the of the key data points in our survey show that employers are positive, but hiring plans are still reserved due to their continued ability to manage the slowly increasing demand with the existing work force," said Jonas Prising, Manpower president of the Americas. "In the U.S., we are holding on to hard-won job gains and waiting for the time when the growth in demand for goods and services will require more substantial work force additions." But at least things are headed in the right direction.
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