Results from the Manpower Employment Outlook Survey for the second quarter of 2012 indicate that employers across all industries and regions are reporting a positive hiring outlook for April through June.
More than 18,000 U.S. employers were asked about their anticipated hiring trends over the next three months. Of those surveyed:
- 18% of employers expect to increase their number of employees, compared to 6% that anticipate a decrease in employment.
- 72% of employers expect no change in their workforce.
- 4% of employers responded that they are unsure of their hiring plans for the upcoming quarter.
These figures produce a net employment outlook (defined as the percentage of employers anticipating an increase in hiring activity less the percentage of employers expecting a decrease in hiring activity) of +12%, or +10% when adjusted for seasonal variations.
Employer Confidence Improves
The survey data shows slow but steady growth in employer confidence, with considerable progress since the recessionary low outlook of -2% in 2009.
- The second quarter of 2012 marks the first double-digit outlook since the last quarter of 2008, when the outlook also measured +10%.
- The rise in confidence also marks 10 straight quarters of positive overall survey results, following three quarters of pessimistic hiring trends.
The positive employment outlook extends across all industries and geographic areas.
- Employers in all 50 states, Puerto Rico and the District of Columbia reported intentions to increase hiring. The outlook for the upcoming second quarter was highest in North Dakota (+26%), followed by Alaska, Vermont, Delaware, and Oklahoma (all reporting an outlook above 20%).
- Employers in each of the 13 industry sectors surveyed reported a positive employment outlook for April through June, with the Leisure & Hospitality industry ranking the highest (+26%). Comparing the data quarter over quarter, employers in the Construction, Nondurable Goods Manufacturing, and Transportation & Utilities industries also anticipate a considerable hiring increase.
The results of the full survey are available for download. Manpower Inc. expects to release its Employment Outlook Survey on hiring trends for the third quarter on June 12, 2012.
If your company is among those looking to increase its hiring, be sure to stay tuned for our upcoming post on some key do's and don'ts of interviewing. For more tips on building a successful recruitment and hiring strategy to add to your company's workforce, please visit the Recruitment & Hiring section. Our convenient and easy-to-understand Federal Labor Laws by Company Size chart, available free for download, can help you review the key employment laws that apply to your company based on the number of employees you have.
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