U.S. employers expect the hiring pace to remain steady in Q1 2020 though regional and industry forecasts are mixed, according to the ManpowerGroup Employment Outlook Survey. The survey of more than 11,500 employers show softening in 10 of 13 industries and in two regions of the U.S., while employers in the South and the Midwest expect to hire at the strongest pace in 13 (+22%) and 19 (+21%) years, respectively.
Employers in all 13 industries report double-digit hiring intentions with the most optimistic Outlook in Leisure & Hospitality (+30%) – the highest in three years – as consumers dine out and keep spending. Professional & Business Services are also optimistic with a +22% Outlook driven by demand for digital skills. Prospects look healthy for jobseekers in Wholesale & Retail Trade (+22%), though the Outlook declined by two percentage points year-over year as brick and mortar retail adapt to increased demand for online offerings. The Durable Goods Manufacturing Outlook (+17%) declined by one percentage point for the second consecutive quarter as employers remain cautiously optimistic in an uncertain global environment.
"Continued concerns over trade uncertainty are leading to some uneven market conditions in the U.S., yet the overall labor market looks resilient heading into the new year," said Becky Frankiewicz, president of ManpowerGroup North America. "With 7 million jobs open for 11 straight months and ongoing positive hiring intentions across all industries, employers need to work harder to match people to the right roles. Companies that want to hire and retain the best talent, should hire for learnability and help people develop new skills for emerging roles. Our economic prosperity depends on helping people adapt their skills so companies can compete in a talent-scarce, economy."
View the complete Q1 2020 U.S. survey results: ManpowerGroup.US/MEOS
