ManpowerGroup's quarterly employment outlook survey (MEOS) suggests that the net employment outlook in Singapore for the second-quarter (Q2) of 2018 is +11%.
The Services sector remains stable and prosperous, also with a score of (+28 percent) for hiring prospects, evidencing a six percent increase over the same quarter of 2017. Employers in the Mining & Construction sector report a decline of four percentage points year-on-year, as have those in the Manufacturing sector.
Numbers for wholesale and retail hiring outlook were reported at (+26 percent) for 2Q, with a moderate increase of three percent over the previous quarter, and previous year. 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.
Mr Fischer also said that despite softening in key sectors the outlook overall is strong and continues to be positive for hopes of wage increases in the coming quarters. The strongest hiring prospects are reported in two regions with Net Employment Outlook of 17 per cent in north and south each.
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. Similarly, employers in the Services sector report a decline of three percentage points compared to the same period in 2017.
The impact of a softer outlook in the Mining & Construction sector can be seen in Queensland where hiring expectations are down three percentage points year-on-year as the state deals with an end to the frenetic pace of apartment building in Brisbane over recent years.
Employers in the categories of transportation and utilities don't expect any workforce changes.
Erica Melarangeli of Manpower's Stoney Creek office says the outlook for Hamilton shows an increase of 12 percentage points when compared with the outlook reported during the same time a year ago, indicating an optimistic hiring pace for the upcoming months.
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 US employers expected to add jobs.
Large and medium-size organisations have recorded both year-on-year gains of one and five percentage points, respectively. None of the 4,612 employers surveyed across sectors by US-based workforce solutions company ManpowerGroup said they planned to downsize in April-June 2018.
On the regional level, 20 percent of Midwest employers expect to hire more workers for the second quarter, the strongest labor market for the region since 2001. 59,000 public and private employers across 44 countries and territories are interviewed to measure anticipated employment trends each quarter.