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Michigan Job Market Expected to be Among Strongest in Nation for Q1 2016

December 9, 2015

The latest Manpower Employment Outlook Survey, released yesterday by ManpowerGroup, reflects continued optimism among U.S. employers for the start of 2016. Taking into account seasonal variations, the Net Employment Outlook is +17%, making anticipated hiring in Quarter 1 2016 relatively stable compared to Quarter 4 2015 and last year at this time. This represents the strongest Outlook reported in Quarter 1 since 2007, when the Outlook was +18%.

Of the more than 11,000 U.S. employers surveyed, 20% anticipate increasing staff levels in Quarter 1 2016. This is a 1% drop from Quarter 4 2015, but a small gain from Quarter 1 2015 when the estimated increase in hiring was 19%. Only 6% of employers expect workforce reductions, and 72% expect no change in hiring plans. The final 2% of employers are undecided about their hiring intentions, resulting in a seasonally adjusted Net Employment Outlook of +17%.

Among the 50 states, employers in Hawaii, Florida, Kansas and Michigan indicate the strongest Net Employment Outlooks, while New Jersey, Wyoming, Illinois and Alaska project the weakest Outlooks. (For more information on the Michigan market, click here.)

“We’ve seen strong jobs growth in the U.S. throughout 2015, along with declining unemployment and increasing wages, which brings a continued optimism for the start of 2016,” said Jonas Prising, ManpowerGroup CEO. “We expect these broad trends to continue going into 2016, despite ongoing challenges in certain sectors like energy and manufacturing, as well as in export-driven industries. As the unemployment rate comes down and the labor market continues to tighten, employers will increasingly feel the impact of rising wages and the on-going skills mismatch.”

The U.S. Manpower Employment Outlook Survey is one of the most trusted surveys of employment activity in the world. Every quarter, more than 11,000 U.S. hiring managers are asked about their hiring plans for the next three months. This helps identify the strongest and weakest metropolitan areas, states, and industries for hiring and pursuing jobs.

To read the full Manpower Employment Outlook Survey for the U.S., go to: http://manpowergroup.us/MEOS/ or to access the downloadable version of the complete report, click here.

The next Manpower Employment Outlook Survey will be released on March 8, 2016 to report hiring expectations for Quarter 2 2016. Sign up here to receive email notification when the survey is available each quarter.

Source: http://manpowergroup.us/MEOS/

MEOS Q1 2016 Infographic