Manpower Reports Employment Slowdown Expected in Q4

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September 12, 2017 – West Central Ohio employers expect to hire at a slower pace during Quarter 4 2017, according to the ManpowerGroup Employment Outlook Survey.

Among employers surveyed, 20 percent plan to hire more employees from October through December. This number is offset by the 6 percent that plan to reduce payrolls, while 72 percent of employers expect to maintain current staff levels and 2 percent indicate they are not sure of their hiring plans. This yields a Net Employment Outlook* of 14%.

“Local employers anticipate a weaker hiring pace compared to Q3 2017 when the Net Employment Outlook was 24%,” said ManpowerGroup spokesperson Joanie Krein. “Last year at this time, employers expected more hiring activity when the Outlook was 18%.”

Summary of Results for West Central Ohio

Increase Staff Levels Decrease Staff Levels Maintain Staff Levels Don’t Know Net Employment Outlook
Q4 2017
(current)
20% 6% 72% 2% 14%
Q3 2017
(previous quarter)
25% 1% 74% 0% 24%
Q4 2016
(one year ago)
24% 6% 68% 2% 18%

*The Net Employment Outlook is derived by taking the percentage of employers anticipating an increase in hiring activity and subtracting from this the percentage of employers expecting a decrease in hiring activity.

For the coming quarter, job prospects appear best in Durable Goods Manufacturing, Nondurable Goods Manufacturing, Wholesale & Retail Trade, Information, Financial Activities, Professional & Business Services, Other Services and Government. Employers in Construction and Transportation & Utilities plan to reduce staffing levels while hiring in Education & Health Services and Leisure & Hospitality is expected to remain unchanged.

Of the more than 11,500 employers surveyed in the United States, 21 percent expect to add to their workforces, and 6 percent expect a decline in their payrolls during Quarter 4 2017. Seventy-one percent of employers anticipate making no change to staff levels, and the remaining 2 percent of employers are undecided about their hiring plans. When seasonal variations are removed from the data, the Net Employment Outlook is +17%, unchanged compared to the Quarter 3 2017 Outlook, +17%.

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