Solid hiring climate forecasted for Waterloo Region
Though the hopeful 10 per cent is down five per cent in the Windsor area compared to ManpowerGroup's previous jobs outlook, it is an increase of five per cent from the same time past year.
The survey could dispel concerns of job creation, as employer confidence remains resilient and job seekers are expected to benefit from a positive second-quarter hiring sentiment.
China reported the most downbeat hiring prospects in the region, with the net hiring outlook at 8 percent in the second quarter, ManpowerGroup said. Employers in Wholesale & Retail Trade report some of the most optimistic Outlooks in more than 16 years as online retail continues to grow and the increase in distribution workers is expected to rise. Globally, employers forecast varying levels of job gains in 43 of 44 countries and territories during the April-June time frame, including Croatia where employers, surveyed for the first time, report healthy hiring intentions based on unadjusted survey data.
Modest hiring plans are reported in the mining and construction sector with an outlook of +7%, and in the transportation and utilities sector, where the outlook is +6%. When compared to the same period a year ago, the outlook remains upbeat despite notable declines in hiring expectations in crucial sectors such as Mining & Construction and Manufacturing. Hiring prospects improve by two percentage points when compared with the previous quarter, and are also two percentage points stronger when compared with this time one year ago.
For the coming quarter, employers in Wisconsin, New Hampshire, Alaska, Maine and Colorado report the strongest Employment Outlooks.
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While the general outlook for jobseekers across the globe looks increasingly positive, surveys suggest the U.S., Asia-Pacific, and Northern Europe are the regions where employment outlook is the most optimistic.
The strong national result is unchanged when compared to the same period a year ago, but declines by three percentage points quarter-on-quarter. A considerable decline of 14 percentage points is reported in the North, while Outlooks are 5 and 3 percentage points weaker in the South and the West, respectively.
However, these improved outlooks have been offset by a softening in hiring expectations across a number of other key sectors.
ManpowerGroup said the net hiring outlook of the engineering/construction sector and the retail/wholesale sector stood at 26 percent, ahead of the transportation/warehousing/communications sector's 21 percent and the leisure/food/hospitality sector's 17 percent.
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