Winston-Salem employers are projected to remain cautious with their hiring plans in the second quarter, according to a Manpower Inc. survey timed for release today.
The strongest hiring intentions have been observed by employers in two sectors - public administration and education (+25%), and finance, insurance and real estate (+24%). Employers in the South and the West report relatively stable hiring intentions when compared with the second quarter of 2017.
Regional comparisons Staffing levels are expected to increase in all five regions during 2Q 2018.
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The latest data paints a picture of significant differences in hiring expectations across the country, both on a sector-by-sector basis and when compared regionally. A considerable decline of 14 percentage points is reported in the North, while Outlooks are 5 and 3 percentage points weaker in the South and the West, respectively.
Employers in all four regions in the US report a positive hiring Outlook for Q2 2018.
This takes into account that of the 695 employers in Singapore surveyed, 16% of them plan to increase staffing levels in Q2 2018, 5% forecast a decrease, while 72% anticipate no change in hiring plans. Employers in the Mining & Construction sector report a decline of four percentage points year-on-year, as have those in the Manufacturing sector.
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While the general outlook for jobseekers across the globe looks increasingly positive, surveys suggest the U.S., Asia-Pacific, and Northern Europe are the regions where employment outlook is the most optimistic. "While Canada experienced a net loss of jobs in January, prospects for the upcoming quarter remain strong, led by exceptionally strong growth in Quebec where employers are hiring across multiple sectors". However, outlooks weaken in four sectors, including the electricity, gas and water sector with a decline of 12 percentage points, and the wholesale and retail trade sector, where employers report a decrease of six percentage points.
ManpowerGroup said the net hiring outlook of the engineering/construction sector and the retail/wholesale sector stood at 26 percent, ahead of the transportation/warehousing/communications sector's 21 percent and the leisure/food/hospitality sector's 17 percent. However, second-quarter forecasts improve in only two countries and territories when compared with the first three months of the year, decline in three and are unchanged in three.
The ManpowerGroup interviewed 58,000 employers in 43 countries and territories and especially 46000 employers in India as their sample size for the employment outlook survey.
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"Employers continue to have confidence in the local labour market and still expect a modest increase in staffing levels over the next three months".