Positive yet cautious hiring intentions are expected to persist throughout the summer, according to the Manpower Employment Outlook Survey. The Net Employment Outlook for the third quarter is +8%, up from +6% in the third quarter of 2010.
However, while +8% is positive, it is softer than double-digit Outlooks reported during previous decades, Manpower said.
Since the first quarter of 2011, when the Net Employment Outlook jumped to +8% from +5% the previous quarter, hiring expectations have remained consistent.
In addition, employers in all 50 states plan to hire, and employers 42 of the states anticipate considerable increases in the typically strong third quarter.
The positive hiring intentions for the third quarter mark seven straight quarters of employment growth.
“Although employers are not signaling dramatic upswings in hiring plans, there does seem to be hiring energy developing based on sustained year-over-year growth,” said Jonas-Prising, president of ManpowerGroup Americans. “This is also the 11th consecutive quarter with a single-digit Net Employment Outlook, indicating a level of caution not seen among employers in the last 30 years of data. This fact, along with many clouds still on the economic horizon, may explain the tepid labor market growth se have seen so far.”
Of the more than 18,000 employers surveyed, 20% plan to increase their staff size, and 8% expect a decrease in payrolls, resulting in the net increase of 12% that becomes 8% when seasonally adjusted.
“One in five employers plan to add staff in the net three months, the highest ratio we’ve seen since the recovery started,” Prising said. “As more employers shift to hiring mode, we are starting to see talented job seekers receive multiple employment offers and also negotiate for higher salaries.”