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Nearly One in Five U.S. Employers Plan to Hire in Q1 2017

December 29, 2016

U.S. employers are cautiously optimistic about hiring plans going into Q1 2017, according to the latest ManpowerGroup Employment Outlook Survey, released earlier this month by ManpowerGroup. The Net Employment Outlook for Quarter 1 2017 is +16%, a decline of two percentage points compared to the previous quarter, taking into account seasonal variations. Anticipated hiring in Quarter 1 2017 is relatively stable compared to one year ago. Employers in all 13 industry sectors are planning to increase their payrolls, with employers in Leisure & Hospitality continuing to report the strongest hiring intentions.

Of the more than 11,000 U.S. employers surveyed, 19 percent anticipate increasing staff levels in Quarter 1 2017. This is a three percent decrease from Quarter 4 2016, and a one percent decrease from Quarter 1 2016. Six percent of employers expect workforce reductions and 73 percent expect no change in hiring plans. The final two percent of employers are undecided about their hiring intentions, resulting in a seasonally adjusted Net Employment Outlook of +16%.

Nationwide, employers in all 13 industry sectors expect payrolls to increase during Quarter 1 2017, with Leisure & Hospitality (+27%), Wholesale & Retail Trade (+20%), Transportation & Utilities (+19%) and Professional & Business Services (+17%) employers reporting the strongest hiring intentions.

“In the wake of recent political events the majority of U.S. employers are now cautiously optimistic and intend to increase or keep their headcount stable for the next three months,” said Kip Wright, Senior Vice President, Manpower North America. “This a positive sign for job seekers and the economy at the start of 2017. But not all skills are created equal. We continue to see significant differences between industries and employers demanding increasingly specific skills to fill positions. Ensuring people can prosper and businesses can compete depends on developing a U.S. workforce that is prepared for the jobs of today, tomorrow and the future.”

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

The next Manpower Employment Outlook Survey will be released on March 14, 2017 to report hiring expectations for Quarter 2 2017. Sign up here to receive email notification when the survey is available each quarter.

Source: https://meos-press.manpowergroup.us