Competition for Skilled Talent Set to Grow as U.S. Employers Continue to Report Upbeat Hiring in Second Quarter
Demand for skilled talent continues to grow as employers across the U.S. are reporting positive hiring intentions nationwide (+19%) across all 50 states, according to the Q2 2019 ManpowerGroup Employment Outlook Survey. This is the seventh consecutive year of double-digit hiring Outlooks in the U.S., according to the survey of more than 11,500 U.S. employers. The Q2 2019 employment Outlook comes after the Bureau of Labor Statistics’ January jobs report marked 100 months of consecutive job growth in America with approximately 19M gains since October 2010
Employers in all 13 industry sectors report optimistic hiring plans with the strongest Outlooks reported in Leisure & Hospitality, Transportation & Utilities (both +25%) and Wholesale & Retail Trade (+24%) as consumers dine out and demand immediate delivery from groceries to fast fashion. Employers in Professional & Business Services have a +23% employment Outlook fueled by growing demand for knowledge workers with the right balance of human strengths including communication and collaboration and technical capabilities from coding to data analytics.
Locally, Michigan employers expect to hire at a solid pace for the coming quarter. Among employers surveyed, 26% plan to hire more employees from April through June. This number is offset by the 3% that plan to reduce payrolls, while 70% of employers expect to maintain current staff levels and 1% indicate they are not sure of their hiring plans. This yields a Net Employment Outlook of 23%.
“As U.S. employers continue to report double-digit hiring Outlooks, demand for talent is growing across the board from cyber security experts and data analysts to delivery drivers needed to keep up with 24/7 online retail,” said Becky Frankiewicz, President of ManpowerGroup North America. “It’s a skilled worker’s market. The best employers are reviewing the difference between what is desired in a role and what is required for a job. In the tech sector, we see a higher number of Java openings requiring computer science degrees than there are graduates. The most successful employers are re-evaluating the precise experience and education truly required to get the job done and as a result they’re attracting the best, and often more diverse, talent to the organization.”
To read the full Manpower Employment Outlook Survey for the U.S., go to: 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 June 11, 2019 to report hiring expectations for Quarter 3 2019. Sign up here to receive email notification when the survey is available each quarter.
Source: manpowergroup.us/MEOS/
