According to the most recent results of an often-cited survey by ManpowerGroup, U.S. employers have affirmed “continued hiring confidence in the second quarter of 2014”.
Manpower conducted over 18,000 interviews with U.S. employers in all states, the District of Columbia, Puerto Rico and the top-100 metropolitan statistical areas regarding their job hiring intentions in Quarter 2 (Q2) 2014. The survey covered 13 industry “supersectors” that are representative of the U.S. economy.
Of the employers surveyed:
- 19% anticipated increasing staff levels
- 4% expected to reduce staff levels
- 73% projected no change
- 4% were undecided
The math (19% – 4%) shows a net hiring outlook of 15% for Q2 (April-June) 2014. When tweaked for seasonal variations that can skew employment numbers, the seasonally-adjusted net hiring outlook becomes 13%.
That makes Quarter 2 the third consecutive quarter with a net hiring outlook of 13%. It’s the strongest outlook since Quarter 2, 2008, when the outlook was 14%. Employers have now reported a positive seasonally-adjusted net hiring outlook for 18 quarters in a row, after reporting a negative net hiring outlook in each of the last three quarters of 2009.
Manpower’s survey indicated that employers in all of the 13 industry supersectors expect positive net hiring in Q2 2014, as shown in the seasonally-adjusted percentages listed below.
- Construction 13%
- Education & Health Services 9%
- Financial Activities 9%
- Government 12%
- Information 13%
- Leisure & Hospitality 24%
- Manufacturing, Durable Goods 14%
- Manufacturing, Nondurable Goods 9%
- Mining 22%
- Other Services 9%
- Professional & Business Services 16%
- Transportation & Utilities 16%
- Wholesale & Retail Trade 17%
The survey also indicated that employers in all four of the major U.S. regions expect positive net hiring in Q2 2014 when seasonally adjusted, as follows.
- South 13%
- West 12%
- Midwest 13%
- Northeast 11%
The unemployment rate edged up from 6.6 to 6.7% in February 2014 while the economy netted 175,000 nonfarm jobs. According to the Job Openings and Labor Turnover Summary released yesterday by the U.S. Bureau of Labor Statistics, January job openings were 4.0 million, little changed from December.
ManpowerGroup has been publishing such surveys for over 50 years. For the most recent surveys about hiring projections in the U.S. and other countries as well, visit Manpower Employment Outlook Survey.
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