Michigan Job Market Expected to be Among Strongest in Nation
U.S. employers expect the hiring pace to remain positive in Q2 2017 with 22% of employers planning to add staff between April and June. According to the latest ManpowerGroup Employment Outlook Survey, employers in all U.S. regions and industry sectors expect headcount to grow in Q2, with the upbeat forecast indicating that political uncertainty has not yet dented employer confidence.
Of the 11,000 U.S. employers surveyed, 73% expect no change in hiring plans and only 3% of employers expect workforce reductions. The Net Employment Outlook for Quarter 2 2017 is +17%, relatively stable compared to the previous quarter and one year ago, taking into account seasonal variations.
Nationwide, employers in all 13 industry sectors expect to add staff in Q2 2017. Industries reporting the strongest second quarter hiring intentions are: Leisure & Hospitality (+28%), Wholesale & Retail Trade (+21%), Transportation & Utilities (+20%) and Professional & Business Services (+19%).
Locally, employers in Michigan expect to hire at a strong pace during Quarter 2 2017. Among survey participants, the Michigan employment outlook is the sixth best in the nation. From April to June, 27% of the companies interviewed plan to hire more employees, while 3% expect to reduce their payrolls. Another 67% expect to maintain their current workforce levels and 3% are not certain of their hiring plans. This yields a Net Employment Outlook of 24%.
The next Manpower Employment Outlook Survey will be released on June 13, 2017 to report hiring expectations for Quarter 3 2017. Sign up here to receive email notification when the survey is available each quarter.