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Global Hiring Outlook Mixed for First Quarter of 2020, Strengthening in 12 Countries and Softening in 26

MILWAUKEE, Dec. 10, 2019 /PRNewswire/ -- Employers report steady employment outlooks for Q1 in most markets, though hiring intentions weaken year-over-year in 26 of 43 countries according to the latest ManpowerGroup Employment Outlook Survey (NYSE-MAN) of almost 60,000 global employers. The strongest year-over-year increases in hiring intentions were reported by employers in Turkey (up 9 percentage points), Greece (up 7 percentage points), Argentina and Norway (both up 5 percentage points). The steepest year-over-year decreases were reported by employers in Slovenia (down 13 percentage points), Slovakia, Hong Kong and Hungary (down 7 percentage points).
Global Hiring Outlook Mixed for First Quarter of 2020, Strengthening in 12 Countries and Softening in 26
Employers in France reported the country's strongest outlook in 12 years, while many of the EMEA region's other markets saw outlooks weaken in an environment of trade and Brexit uncertainty. Germany's outlook was the country's lowest since Q3 2016, while the UK's was its weakest since Q3 2012. In the Americas employers in the U.S. continue to report the region's strongest hiring intentions, though their outlook declines slightly year-over-year. In the Asia Pacific region, employers in all markets but one report weaker hiring intentions year-over-year, with Hong Kong's seven-percentage-point decrease and China's three-percentage-point decrease marking the region's biggest declines. "We are seeing more hesitant hiring plans for Q1, impacted by increased volatility and expectations of slowing economic growth, especially in the manufacturing sector." Said Jonas Prising, ManpowerGroup Chairman & CEO. "At the same time, employers are also struggling to find the required skills within labor markets experiencing high numbers of open positions alongside low unemployment. As digital transformation and talent shortages continue, employers are realizing that they cannot always go to market to find new skills when they need them and that we need to become builders of talent to develop a workforce with the skills organizations need to remain competitive."View complete Q1 2020 survey results: www.manpowergroup.com/meosA 
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