Where the New Jobs Will Show Up

Posted on | June 10, 2009 | No Comments

According to the Q3/2009 Manpower Employment Outlook Survey, 15% of employers expect to hire more employees this quarter.  Thirteen percent expect a decline in hiring this quarter, but the biggest news is that 67% of employers expect no change.  That’s the biggest news because, while most employers aren’t hiring, this stat means a large percentage of the 28,000 employers interviewed are not expecting to layoff any employees this quarter.

Sure, I’d love it if Manpower’s survey revealed both a big up-tick in hiring and a high retention rate for existing employees, but you can’t have it all.  And, the slowdown in layoffs is a good sign.  The safer employers feel abou their companies’ capacity to whether the economic storm, the safer employees feel about their jobs, the more they both start to invest in the economy and the sooner we start to inch out of this recession.

The survey revealed that hiring expectations varied little across industries, with 11%-13% of employers in 9 industries indicating they expected to hire employees between July and September.  There were also a few industries where employers were more optimistic about their hiring.

High Hopes:

Industries where employers are most optimistic about Q3 hiring

1. Leisure & Hospitality – 28%
2. Construction – 19%
3. Professional & Business Services – 19%
4. Wholesale & Retail Trade – 18%

Of course, the report also revealed industries in which employers are least optimistic about their hiring activity for the quarter.  While this may seem like more bad news, it’s actually not as bad as you might think when you remember that these employers are only slowing or decreasing their hiring activity, not laying off employees.  So, it’s not great news that they won’t be hiring as many folks this quarter, but it’s not awful news.  In fact, a relatively small percentage of employers in each industry indicated a slowdown in hiring.

Deflated Dreams:

Industries where employers are least optimistic about Q3 hiring

1. Mining – 20%
2. Construction – 17%
3. Education & Health Services – 19%
4. Manufacturing – 17%
5. Government – 15%
6. Information – 15%
7. Transportation & Utilities – 15%

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