Published: Wed, March 14, 2018
Technology | By Russell Knight

'Moderate' spring hiring expected in Cornwall: Manpower

'Moderate' spring hiring expected in Cornwall: Manpower

According to ManpowerGroup, it's the highest national number since 2011. "It is also a decrease of three percentage points compared with the Outlook report during the same time previous year, indicating a slow hiring period for the upcoming months".

Respectable workforce gains are anticipated in the construction sector and the finance, insurance, real estate and business services sector with outlooks standing at +11%, while a moderate increase in payrolls is expected in two sectors with outlooks of +10% - the mining and quarrying sector and the public and social sector. While there won't be layoffs, hiring as such will be lower than in previous quarters.

"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.

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The advisory firm said large enterprises with a workforce of 250 employees or more have a higher hiring outlook than their medium and small-sized counterparts, with the net employment outlook at 29 percent. Medium-sized employers report an outlook of +23% and a 3% increase in hiring intentions compared with first-quarter results.

The strongest regional labour market in the upcoming quarter is forecast by Taiwanese employers, followed by Japan.

When analysing hiring intentions across industries the finance, insurance and real estate sector and the services sector, are two of the strongest labour markets where employers report net employment outlooks of +24% and +23%, respectively. The weakest hiring plans are reported in Mining, Government Information and Nondurable Goods Manufacturing.

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

The strong national result is unchanged when compared to the same period past year, but declines by three percentage points quarter-on-quarter. Some upward momentum is detected in the year-over-year comparison with forecasts improving in 25 of 43 countries and territories, declining in 13, and remaining unchanged in five. ManpowerGroup interviewed over 59,000 employers globally and found that the job markets are upbeat in Taiwan, Japan, Hungary, and the USA, while Italy, the Czech Republic, and Switzerland presented weak outlooks.

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