Survey: 4th Quarter Job Growth ExpectedPosted: Updated:
An employment services firm expects job growth in Indiana during the fourth quarter of this year. Manpower Inc. forecasts nearly one-fifth of Hoosier companies surveyed plan to add employees between October and December. September 9, 2014
Employers in Indiana expect to hire at a positive pace during the fourth quarter of 2014, according to the Manpower Employment Outlook Survey.
From October to December, 18% of the companies interviewed plan to hire more employees, while 8 percent expect to reduce their payrolls. Another 73 percent expect to maintain their current staff levels and 1 percent are not certain of their hiring plans. This yields a Net Employment Outlook* of 10%.
“For the fourth quarter, survey results show employers are less confident about job prospects compared to Quarter 3 when the Net Employment Outlook was 17%,” said Manpower spokesperson Pat Hevrdejs. “Compared to one year ago when the Net Employment Outlook was 5%, employers anticipate a stronger hiring pace.”
The Net Employment Outlook is derived by taking the percentage of employers anticipating an increase in hiring activity and subtracting from this the percentage of employers expecting a decrease in hiring activity.
For the coming quarter, job prospects appear best in Construction, Durable Goods Manufacturing, Wholesale & Retail Trade, Information, Professional & Business Services, Education & Health Services, Leisure & Hospitality, Other Services and Government. Employers in Nondurable Goods Manufacturing and Financial Activities plan to reduce staffing levels, while hiring in Transportation & Utilities is expected to remain unchanged.
Manpower Employment Outlook Survey Results for the United States
Of the more than 18,000 employers surveyed in the United States, 19 percent expect to add to their workforces, and 7 percent expect a decline in their payrolls during Quarter 4 2014. Seventy-two percent of employers anticipate making no change to staff levels, and the remaining 2 percent of employers are undecided about their hiring plans. When seasonal variations are removed from the data, the Net Employment Outlook is +15%, a one point uptick from the Quarter 3 2014 Net Employment Outlook of +14%.
To complement the Quarter 4 2014 survey results, an infographic is available for download. “Where Are the Jobs” offers a snapshot of data and trends from the survey, including key state and metro area Outlooks along with an industry forecast. To view the infographic or press releases for other states or Metropolitan Statistical Areas, visit http://press.manpower.com.
Source: Manpower Inc.