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U.S. Labor Market Shows No Sign of Cooling Down, Manpower Study Finds

U.S. Labor Market Shows No Sign of Cooling Down, Manpower Study Finds

Employers across the U.S. plan to add staff in the next three months with a Net Employment Outlook of +19%, according to the latest Employment Outlook Survey from Manpower Group.

The survey of more than 11,500 U.S. employers reports the strongest average annual Outlook on record in the last decade with +19% anticipating growth.

All 13 industry sectors forecast optimistic hiring plans. The Outlook for Leisure & Hospitality is +28% – the strongest industry for 28 consecutive quarters as consumer confidence grows.

Optimistic hiring intentions in Professional & Business Services (+25%) and Transportation & Utilities (+24%) reflect continued economic expansion and growth of online retail that’s increasing the demand for drivers.

Hiring prospects in the South (+20%) are the strongest in 10 years driven by an uptick in Durable Goods Manufacturing (+18%). Employers in the Midwest region anticipate sustained hiring for the third consecutive quarter (+19%).

“August marked the 95th month in a row for job growth in the U.S. and we anticipate we’ll hit 99 months by the end of the year as the Q4 Outlook has more good news for American job seekers and businesses,” said Becky Frankiewicz, President of Manpower Group North America.

Some highlights:

Nationwide, employers in all 13 industry sectors expect to add staff in Q4 2018. The strongest Outlooks are reported in Leisure & Hospitality (+28%), Professional & Business Services (+25%), Transportation & Utilities (+24%), Wholesale & Retail Trade (+22%), Mining (+22%), Durable Goods Manufacturing (+19%), Construction (+18%), and Non-Durable Goods Manufacturing (+17%).

Employers in all four regions in the U.S. report a positive hiring Outlook for Q4 2018: South (+20%), West (+20%), Midwest (+18%), and Northeast (+18%). Hiring prospects in the South and West are the strongest in more than ten years. Employers in the Midwest report relatively stable hiring intentions, up two percentage points year-over-year.

Employers in New Mexico (+28%), North Carolina (+28%), Kansas (+27%), South Carolina (+25%) and Arizona (+24%) report the strongest Employment Outlooks. Of the 100 largest metropolitan statistical areas, the strongest job prospects are expected in Charlotte, N.C. (+31%); Raleigh, N.C. (+29%); San Jose, Calif. (+29%); Albuquerque, N.M.(+28%); Greenville, S.C. (+28%); and Winston-Salem, NC (+28%).

Good news!

Posted in: Blog, Work

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