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Retail job outlook positive

13 March 2018

"While the country still faces challenges in terms of repairing years of economic sluggishness, promises of policy certainty and consistency seem to have had a further positive effect on confidence and the strength of the economy thus far". However, employers in the East report an improvement of 8 percentage points.

Both state and national hiring outlook numbers are stronger than the current quarter, when a net of 15 percent of IN employers planned to hire and 19 percent of USA employers expected to add jobs.

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The second-quarter survey reveals that, although the hiring pace will slow, few staff reductions are expected. The weakest outlooks are reported in Mining (+15%), Government Information (+14%) and Nondurable Goods Manufacturing (+12%). Meanwhile, the outlook of -1% for the electricity, gas and water sector reflects uncertain hiring prospects.

Villamil, of The Washington Economics Group, said the professional and business services category added the most jobs, 56,700, to payrolls in 2017. Finance, insurance, real estate and business services sector employers report an increase of four percentage points, and the outlook for the construction sector is three percentage points stronger. When compared with the second quarter of 2017, hiring prospects also strengthen in five of the 10 industry sectors. A considerable decline of 14 percentage points is reported in the North, while Outlooks are 5 and 3 percentage points weaker in the South and the West, respectively. However, uncertain hiring plans are reported by small and micro-size businesses with employment outlooks of -1% and -5%.

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Teo noted that this is the third consecutive quarter where the public administration and education sector is reporting a strong hiring outlook, explaining: "The growing skills-job mismatch has prompted more people and companies to sign up for courses to enhance their skillsets, especially their digital capabilities". Based on seasonally adjusted data, employers in Hungary report the most optimistic hiring plans in the EMEA region. "Most notable is the easing employment outlook for the Mining & Construction sector and the Manufacturing sector, while hiring intentions have picked up in the formerly subdued Wholesale & Retail Trade sector".

The latest data paints a picture of significant differences in hiring expectations across the country, both on a sector-by-sector basis and when compared regionally. Hiring plans improve in 13 countries quarter-over-quarter, weaken in eight and are unchanged in four. 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.

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Retail job outlook positive