Milwaukee, US: According to the global Manpower Employment Outlook Survey results released on Tuesday, hiring plans are strongest in the emerging
markets of India and Brazil, while job prospects remain weak in the United
States.
The report released by Manpower Inc, however, says that the fourth quarter of 2009 will continue to challenge job seekers in labour markets around the world, but employer hiring expectations have improved somewhat from three months ago in nearly two thirds of the countries and territories surveyed, suggesting an easing in the pattern of job cuts
prevalent for several quarters.
Employment prospects have improved in comparison to the third quarter across
six of the eight countries and territories surveyed in the Asia Pacific
region. However, hiring activity is expected to be slower than historical
patterns across the region.
Employment prospects are strongest in India, China
and Australia with the weakest and only negative outlooks reported in Japan
and New Zealand. Compared to 12 months ago, employer hiring expectations are
weaker in all countries and territories, most notably in Japan, India and Hong
Kong.
"Indian employers have absorbed the layoffs conducted in the third quarter and
are telling us they will begin hiring again at a conservative pace, but most
intend to keep their workforces intact through the end of the year. Government
stimulus efforts around infrastructure projects are contributing to
accelerated hiring plans in India's Mining and Construction sector," said Jeffrey A Joerres, Chairman and CEO of Manpower Inc.
"Meanwhile, hiring expectations in China are among the most
optimistic of the year, with outlooks improving from three months ago across
all industry sectors, particularly in the Finance/Insurance/Real Estate and
the Services sectors," he added.
"Job seekers will still have limited opportunities as our data shows the
world's labour markets will not experience recovery in the fourth quarter. The
good news is that many markets appear to be heading in the right direction
with results from 20 countries and territories showing positive movement from
three months ago," he added.
Employers in 17 of 35 countries and territories surveyed expect some positive
hiring activity in the quarter ahead, while those in 15 report negative hiring
expectations with 10 reporting their weakest hiring plans since the survey was
established.
Employers in 31 countries and territories are reporting weaker
year-over-year forecasts. Fourth-quarter hiring plans are strongest in India,
Brazil, Colombia, Peru, China, Australia, Singapore, Costa Rica, Canada, Taiwan and Poland and weakest in Romania, Spain, Ireland, Japan and Mexico.
The next Manpower Employment Outlook Survey will be released on December 08, 2009 to report hiring expectations for the first quarter of 2010.
Bureau Report
First Published: Wednesday, September 09, 2009, 08:41