U.S. hiring plans strongest since 2008Staff writer ▼ |
This is the strongest Net Employment Outlook since Quarter 2 2008, when the Outlook was also +14%. The third quarter Outlook is up from +13% in Quarter 2 2014 and from +12% during Quarter 3 2013.
Globally, staffing levels are expected to increase in 37 of 42 countries and territories surveyed, compared with 38 of 42 in the previous quarter. More than 65,000 employers were interviewed worldwide, with the most optimistic Net Employment Outlooks reported in India, Taiwan, Turkey, New Zealand and Singapore. The weakest - and only negative - outlooks are reported in Italy, Belgium, France, Netherlands and the Czech Republic.
Of the more than 18,000 U.S. employers surveyed, 22 percent anticipate an increase in staff levels in their Quarter 3 2014 hiring plans, while anticipated staff reductions remain among the lowest in survey history at 4 percent. Seventy-one percent of employers expect no change in their hiring plans. The final 3 percent of employers are undecided about their hiring intentions, resulting in a Net Employment Outlook of +18%. When seasonally adjusted, the Net Employment Outlook becomes +14%.
During the July-September timeframe, staffing levels are expected to increase in 37 of the 42 countries and territories surveyed. This compares with 38 of 42 in the previous quarter.
The most optimistic Net Employment Outlooks are reported in India, Taiwan, Turkey, New Zealand and Singapore, while the weakest - and only negative - outlooks are reported in Italy, Belgium, France, Netherlands and the Czech Republic.
Employers in all 10 countries in the Americas expect to grow payrolls in the upcoming quarter, with the Net Employment Outlook improving in three countries and declining in seven. Year-over-year, hiring intentions are stronger in four countries and weaker in four. Employers in Peru report the most optimistic hiring plans in the region.
Payrolls are expected to increase in all eight Asia Pacific countries and territories, with stronger Net Employment Outlooks reported in two and softer hiring prospects in five. The most optimistic hiring intentions are reported in India, while the weakest are reported in Australia for the eighth consecutive quarter.
Employers in 19 of 24 Europe, Middle East and Africa (EMEA) countries forecast job gains during the next three months, while payrolls are expected to decline in four countries. Hiring prospects improve in six EMEA countries quarter-over-quarter, but decrease in 12.
As in the previous quarter, Turkish employers report the most optimistic hiring plans in the region, while for the fifth consecutive quarter; the weakest forecast is reported by employers in Italy. ■