Strong hiring optimism continues into the fourth quarter of 2022, according to the latest ManpowerGroup Employment Outlook Survey of more than 40,000 employers across 40 countries and territories.
Restaurants and Hotels, Primary Production and Construction sectors have increased their Outlook this quarter: Primary Production. Banking and Finance reported the strongest Outlook this quarter (+40%), followed by IT, Tech, Telecoms, Communications and Media (+34%), Primary Production (+33%). Notably, the Outlook for Restaurants and Hotels and Primary Production are two of three that have gained on last quarter, joined by Construction (+28) with all other sectors declining on last quarter. Despite the decline, all sectors remain strong.
Employers in Northern Ireland are the most optimistic this quarter with hiring confidence jumping 18 percentage points year-on-year, to +32%. Hiring in London (+28%) and the South East (+17%) has the biggest decline this quarter, with London down -13 percentage points and the South East down -21 percentage-points on last quarter. Scotland (+26) has gained +2 percentage-points since last quarter, while Wales (+17) has declined -10 percentage-points.
Large organisations (250+ employees) report the strongest hiring intentions (+27%) followed by small (10-49 employees) and medium (50-249 employees) organisations at +25%, as they begin to slow hiring from last quarter’s aggressive hiring, but hiring remains strong compared to pre-pandemic norms.
