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ManpowerGroup Employment Outlook Survey: Q4 Global Employment Outlook for Q4 Remains Strong Amid Cooling in Hiring

Company: ManpowerGroup

Executive Summary

• Used internationally as a bellwether of economic and labor market trends, the Net Employment Outlook – calculated by subtracting the percentage of employers who anticipate reductions to staffing levels from those who plan to hire – now stands at +30%, down slightly (-3%) from Q3, yet 6% higher than this time last year.

• Organizations in the IT industry report the most optimistic Outlook (+42%); followed closely by Banking, Real Estate, and Insurance (+37%).

• The brightest hiring intentions for next quarter are in Asia Pacific (+40%) and South and Central Americas (+39%), with the greatest expectations in Brazil (+56%) and India (+54%).

• While employers in Europe, the Middle East, and Africa (EMEA) anticipate relatively stable hiring (+21%), yet Outlooks for countries near Ukraine fall by as much as -17% since last quarter

Despite concerns of a recession, employers globally are poised to continue hiring much needed talent.

“Organizations continue to focus on attracting and retaining people as competition for employees remains fierce, even two years after the pandemic first began.” - Jonas Prising, ManpowerGroup Chairman & CEO

Global Employment Outlook for Q4 2022

In the latest edition of the ManpowerGroup Employment Outlook Survey of 40,700 employers, 16 of the 41 countries and territories report higher intentions than the previous quarter. Employers around the world are still expecting to hire more workers in the fourth quarter of 2022, reporting a seasonally adjusted, Net Employment Outlook of +30%. Hiring intentions increase year-over-year yet decrease quarter-over-quarter, +6% and -3%, respectively.

Employer Hiring Expectations for October - December

When considering how staffing levels will change during the fourth quarter, employers in 39 of 41 countries and territories anticipate a net positive hiring Outlook.

More information here.

Tags: Human Resources |

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