Q3 Employment Outlook:

Hiring Expectations Heat Up As Employers Look to July Through September

Q3 Employment
Outlooks:

Hiring Expectations Heat Up As Employers Look to July Through September

While it’s encouraging to see employers have the intention to hire workers, it’s been increasingly difficult for them to find the talent they need.”

Jonas Prising | ManpowerGroup Chairman & CEO

What is the hiring climate in your country?

Strong - most employers are hiring
Neutral - employers are remaining steady during these uncertain times
Unsure
Weak – employers are embracing “lean teams” and are not as quick to backfill rolls from employees switching roles, retiring, etc.

Global Employment Outlook Q3 2022

In the 60th anniversary edition of the ManpowerGroup Employment Outlook Survey of more than 40,000 employers, 28 of the 40 countries report higher intentions than the previous quarter. Employers around the world are still expecting to expecting to hire more workers in the third quarter of 2022, reporting a seasonally adjusted, Net Employment Outlook of +33%. Hiring intentions increase year-over-year and quarter-over-quarter, +18% and +4%, respectively.

47% PLAN TO HIRE

47%

PLAN TO HIRE

15% EXPECT A STAFFING DECREASE

15%

EXPECT A STAFFING DECREASE

34% PLAN TO KEEP WORKFORCE LEVELS STEADY

34%

PLAN TO KEEP WORKFORCE LEVELS STEADY

4% UNDECIDED

4%

UNDECIDED

Employer Hiring Expectations for July - September

When considering how staffing levels will change for the third quarter, employers in 39 of 40 countries report positive NEOs.
Click the chart to explore the data.

The Great Hiring Bounceback
Expected to Maintain Momentum in Q3

With strong outlooks across the regions, employers in South and Central America (+44%) reported the most positive
outlook followed by North America (+42%), APAC (+32%) and EMEA (+25%).

Countries With the Strongest & Weakest Hiring Prospects for Q3 2022:

Strongest

Weakest

Strong Outlooks Year-over-Year
And Quarter-over-Quarter

Year-over-year, hiring outlooks improve in 36 of 40 markets and in 28 since last quarter

The strongest year-over-year improvements are reported in India (+46%), Mexico (+40%), and Brazil (+39%).

Year-over-Year

The strongest quarter-over-quarter improvements are reported in Singapore (+15%), Guatemala (+14%), and India (+13%).

Quarter-over-Quarter

Employers Anticipate Strong Demand for Talent
Across Key Sectors

Digital roles continue to drive most demand globally: IT & Technology reported the strongest outlook (+44%), followed by Banking, Finance, Insurance and Real Estate (+38%), Construction (33%) and Manufacturing (33%).

*Includes: Agriculture, Forestry and Fishing; Mining and Quarrying; Electricity; Gas and Air Conditioning Supply; Water Supply; Sewerage, Waste Management and Remediation Activities.
**Includes: Professional, Scientific and Technical Activities; Administrative and Support Services; Other Service Activities.

Large Organizations Report Strongest Hiring Intentions

More people have been returning to work and changing jobs than we have seen for quite some time, resulting in
more of a mass reshuffle than a mass resignation and leaving companies disproportionately impacted.

EMEA Employers Report Positive Hiring Intentions
in 22 of 23 Markets

Hiring intentions improve in 21 countries when compared with Q3 2021 and improve in 15 when compared to Q2 2022.

The strongest hiring intentions are in Ireland (+42%), South Africa (+38%), and Portugal (+37%), and the weakest in Greece (-1%), Poland (11%), and both Romania and Slovakia (+12%).

In five U.K. industry sectors, employers report an increase in hiring intentions, and similarly, in nine of France’s industry sectors, employers report an increase.

STRONGEST HIRING INTENTIONS:
Ireland (42%), South Africa (38%), Finland (36%), UK (35%), and Netherlands (35%)

WEAKEST HIRING INTENTIONS:
Greece (-1%), Poland (+11%), Romania (+12%), and Slovakia (+12%)

Strongest Outlooks Globally Among the America's

All 10 countries in North, Central and South America report a positive employment outlook for Q3, improving in 9 quarter-over-quarter and all 10 compared to this time last year.

Strong outlooks continue in Brazil where employers report the second most positive hiring intentions (+54%) amongst the 40 countries, up 14% since the previous quarter where they reported the highest outlook globally.

In the U.S., employers in IT & Tech, (+59%), and Banking & Finance (+45%) report the strongest outlooks.

STRONGEST HIRING INTENTIONS:
Mexico (+59%), Brazil (+54%), Canada (+43%) and Colombia (+43%)

WEAKEST HIRING INTENTIONS:
Argentina (21%), Peru (+32%), and Portugal (+37%)

APAC Employers Report Strong Optimism Despite Lockdowns Throughout Region

Hiring sentiment strengthens in 4 countries and territories quarter-over-quarter while weakening in 3.

The strongest regional hiring prospects are reported in India (+51) for the second consecutive quarter, up 13% since Q2.

Hong Kong (+11%) reports increased hiring intentions, improving 8% compared to Q2 2022, and 10% on the previous year.

China expects hiring intentions to decrease in 8 sectors, with Banking & Finance Estate (+4%) reporting the only increase.

STRONGEST HIRING INTENTIONS:
India (+51%), Singapore (+40%) and Australia (+38%)

WEAKEST HIRING INTENTIONS:
Taiwan (+3%), Japan (+4%), and Hong Kong (+11%)