Retail job outlook positive

Retail job outlook positive

ManpowerGroup interviewed over 59,000 employers globally and found that the job markets are upbeat in Taiwan, Japan, Hungary, and the U.S., while Italy, the Czech Republic, and Switzerland presented weak outlooks.

Twenty-three percent of the state's employers interviewed plan to hire workers, and 4 percent expect to reduce their payrolls.

Manpower is out with its employment outlook survey today (Tuesday) on hiring intentions for April through June.

Employers in all four regions expect to increase payrolls during the next three months.

Across the country, ManpowerGroup forecasts a strong hiring climate, with nearly 30 per cent of employers predicting they will hire employees in the second quarter.

The survey found 26 percent of IN respondents plan to increase staff; 3 percent plan to decrease; and 71 percent expect to maintain current workforce levels.

"The improved employment outlook in the Wholesale & Retail Trade sector is encouraging and suggests that businesses are confident consumer demand will hold up in 2018 as wages pressure builds in the economy", said Mr Fischer. While there won't be layoffs, hiring as such will be lower than in previous quarters.

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"Indian job seekers are likely to benefit from the positive labour market during the April-June period".

Meanwhile, the hiring scene is looking up in other countries, too.

Canadian employers' hiring intentions are at their highest level in several years - and Waterloo Region's employers are even more bullish on growing their teams.

With seasonal variations removed from the data, the survey predicts a 14 per cent increase in hiring; a 2 per cent increase compared to the previous quarter, and an increase of 7 per cent from this time past year.

The Manpower Group Press release states that " Of Over 59,000 employers surveyed across 44 countries and territories, confidence levels have strengthened year-on-year in 25 countries, weakened in 13, and remained the same in five". Among the countries and territories featuring seasonally adjusted data, confidence is strongest in Taiwan, Japan, Hungary and the United States, while the weakest hiring prospects are reported in Italy, the Czech Republic and Switzerland. Employers in Taiwan and Japan report the most optimistic regional hiring plans, while for the third consecutive quarter the region's weakest hiring intentions are reported by mainland Chinese employers.

The strongest labour market is forecast in the finance, insurance, real estate and business services sector, where the Net Employment Outlook stands at +15%.