The U.S. hiring sentiment remains relatively strong for the remainder of 2022, according to the Q4 ManpowerGroup Employment Outlook Survey of 6,050 employers published today.
Used internationally as a bellwether of economic and labor market trends, the Net Employment Outlook – calculated by subtracting the percentage of employers who anticipate reductions to staffing levels from those who plan to hire – now stands at +33%, down slightly (-5%) from Q3.
“Q4 is a critical bell-weather for the U.S labor market,” said ManpowerGroup Chief Commercial Officer and North America President Becky Frankiewicz. “As we head into the holidays, employers are telling us skilled workers are at the top of their wish-list and headwinds like weaker growth and inflation haven’t dampened their demands. The pandemic and subsequent talent shortages have taught companies that hiring and keeping the best talent is critical to success and just-in-time hiring is a challenge in this tight labor market. As the labor pool begins to look more like a labor puddle, we’re counselling companies to do three things – look for potential versus simply past performance; reward and celebrate each and every person who dedicates their time and skills to work; and ensure flexibility and balance are an option for the many not the few. From factory floor to finance, every worker deserves the opportunity to work in a way that works for them.”
KEY FINDINGS SUMMARY
U.S. Hiring Plans by Industry Sectors