The latest ManpowerGroup Employment Outlook Survey suggests that some local employers predict the second quarter of 2018 will produce a net increase of jobs.
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.
According to the advisory firm, manpower demand remained solid and enterprises appeared upbeat about their recruitment over the next three months at a time of economic recovery. Employers in the Mining & Construction sector report a decline of four percentage points year-on-year, as have those in the Manufacturing sector. While there won't be layoffs, hiring as such will be lower than in previous quarters.
The ManpowerGroup Employment Outlook Survey is conducted quarterly to measure employers' intentions to increase or decrease the number of employees in their workforce during the next quarter. The strongest outlooks are reported in Leisure & Hospitality (+28%), Professional & Business Services (+23%), Wholesale & Retail Trade (+23%), and Durable Goods Manufacturing (+19%).
China reported the most downbeat hiring prospects in the region, with the net hiring outlook at 8 percent in the second quarter, ManpowerGroup said.More news: Tariffs and trade wars continue to weigh on Wall Street
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". Meanwhile, the weakest hiring climate is anticipated in Free State where the Outlook is +1%. Elsewhere, medium employers report steady hiring prospects with an outlook of +11%, while outlooks stand at +5% and +3% for small- and micro-size employers, respectively.
The company said 35 per cent of the local employers it surveyed expect to hire in the April to June period, while two per cent expect cutbacks.
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".
The overall net outlook score of 10 per cent is 1 per cent lower than the last quarter and down 4 per cent from the same period (April-June) of 2017.
The strong national result is unchanged when compared to the same period past year, but declines by three percentage points quarter-on-quarter.