Manpower Sees Fewer Job Oppurtunities In Their Future
Manpower Inc. has stated that number of new employees will be much lower than last year during the third quarter. Close to half the countries in the company (based out of Milwaukee) will be reducing the amount that they hire. The other half have made plans to continue hiring new employees during the July – September quarter.
Manpower’s top executive said this should come as “no surprise” in light of current economic conditions around the world. conducts its closely followed surveys, based on interviews of more than 55,000 employers, on a quarterly basis to measure trends in employers’ intentions to increase or decrease the number of their employees.
“The employment picture in the U.S. is slightly weaker than three months ago, with the construction sector continuing to struggle,” said Jeffrey Joerres, Manpower’s chairman and chief executive, in a statement.
U.S. job seekers “should find ample opportunities” in the services sector, he added. “Employers in all of the G7 countries are expecting to hire at a slower pace from July through September than they were a year ago,” Joerres said, referring to the Group of Seven leading industrialized countries.
The U.S. is part of the G7. Japan was the only other G7 member whose employers are planning to reduce hiring between the second and third quarters, Joerres said. He added that employers surveyed in France, Germany, Italy and the U.K. plan little changes in their hiring, with Canadian employers indicating “slight improvement” in their hiring plans.
On a quarter-to-quarter basis, the hiring trend shows that G7 labor markets “remain healthy,” Joerres said, noting that five of the seven countries are expected to hold steady or show improvement. The survey data of employers in 32 countries revealed that the most optimistic third-quarter hiring plans included a handful of emerging markets: India, Peru, Costa Rica and Romania.