Manpower’s not so rosy employment forecast
Global staffing giant Manpower released its employment outlook survey for the fourth quarter on September 14th. Its prediction: More sluggish job growth. Ouch.
According to manpower’s survey, 28% of U.S. employers plan to increase hiring while 7% are planning on trimming their payrolls. The net employment outlook, percentage of employers hiring minus the percentage of employers cutting back, is 21%, slightly less than what Manpower forecast for the second and third quarters (22% and 24%, respectively).
That’s pretty scary, since actual hiring in the second and third quarters was disappointing. If Manpower’s survey is to be believed, there’s no reason to expect the labor market to improve much, if at all, over the next few months.
