Q1 Employment Outlook

For the first time since before the pandemic, all 40 countries report positive employment outlooks

Employment
Outlooks:

For the first time since before the pandemic, all 40 countries report positive employment outlooks

This recovery is unlike any we have seen before with hiring intent picking up much faster than after the previous economic downturn.

Jonas Prising | ManpowerGroup Chairman & CEO

Employer Hiring Expectations for
January – March 2022

In the 60th anniversary edition of the ManpowerGroup Employment Outlook Survey of more than 39,000 employers, 36 of the 40 countries report higher intentions than the previous quarter. Employers globally expect a robust labor market in the first quarter of 2022, reporting a seasonally adjusted, Net Employment Outlook of +37%. Hiring intentions strengthen both year-over-year and quarter-over-quarter, +31% and +13%, respectively.

52% plan to hire

52%

plan to hire

15% expect to lay off workers

15%

expect to lay off workers

31% plan to keep workforce levels steady

31%

plan to keep workforce levels steady

2% undecided

2%

undecided

All Countries Report a Positive Outlook for the First Time Since Before the Pandemic

With strong outlooks across the regions, employers in South and Central Americas reported the most positive outlook (+39%), followed by APAC (+34%), North America (+41%) and EMEA (+28%). Click to explore the data

Employers Share Strong Optimism Across All 40 Countries Surveyed

With strong outlooks across the regions, employers in North (+41%), Central and South Americas reported the most positive outlook (+39%), followed by APAC (+34%) and EMEA (+28%).

Countries With the Strongest & Weakest Hiring Prospects for Q1 2022:

Strongest

Weakest

Net Positive Outlooks Optimistic Across Regions, Both YoY & QoQ

The strongest year-over-year improvements
are reported in Panama (+51%), Netherlands (+45%) and Brazil (+45%).

Year-over-Year

The strongest quarter-over-quarter improvements are reported in Peru (+47%), Argentina (+31%), the Portugal (+29%) and Hong Kong (+29%).

Quarter-over-Quarter

Worldwide Growth Expected Across All 11 Industries

Digital roles are most in-demand globally: IT, Technology, Telecoms, Communications and Media reported the strongest outlook (+50%), followed by Banking, Finance, Insurance and Real Estate (+43%) and Restaurants and Hotels (+40%).

*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

Hiring intentions in EMEA Improve in All Countries YoY For Second Consecutive Quarter

Compared with Q4, 2020 hiring intentions improve in 22 countries and decline in one (France, -1%).

Employers in the UK report outlooks of 32%, up 2% since last quarter with strongest expectations in London and most optimistic outlooks in IT, Technology, Telecoms, Communications & Media.

Organizations in France report an outlook of 26%, down 1% QoQ, with most optimistic hiring intentions in Banking, Finance, Insurance and Real Estate.

STRONGEST HIRING INTENTIONS:

Netherlands (+47%), Ireland (+47%) and Portugal (+37)

WEAKEST HIRING INTENTIONS:

Czech Republic (+14%), Greece (+16%) and Hungary (+19%)

Central & South American Employers Especially Optimistic

Hiring intentions improve in 9 countries when compared to both Q4 2020 and this time last year, weakening in one (U.S., -5%).

Peruvian employers report the most positive hiring intentions amongst the 40 countries.

Growth is expected in all 11 industry sectors, 7 regions and company sizes with the strongest intentions in more than 13 years.

STRONGEST HIRING INTENTIONS:

Peru (+51%), Brazil, (+47%) and Mexico (+45)

WEAKEST HIRING INTENTIONS:

Costa Rica (31%), Guatemala (+36%) and Canada (+37%)

Majority of Asia Pacific Employers More Optimistic to Hire

Hiring sentiment strengthens in 5 countries and territories QoQ while weakening in two; Singapore and Taiwan.

In India employers report record-high hiring intentions, improving +5 percentage points compared to Q4, and +43% on the previous year.

The region improves +13% since last quarter, and +27 when asked this the same time last year.

STRONGEST HIRING INTENTIONS:

India (+49%), Hong Kong, (+37%) and Australia (+37%)

WEAKEST HIRING INTENTIONS:

Japan (+11%), Taiwan (+13%), and Singapore (+14%)