Q4 EMPLOYMENT OUTLOOKS:

Employers welcome hiring cool down from October through December

UK employers roll back plans to increase headcounts but hiring intentions remain strong in the fourth quarter of 2022

Chris Gray, Director ManpowerGroup UK

Employer Hiring Expectations for Oct - Dec

When considering how staffing levels will change during the fourth quarter, employers in 39 of 41 countries and territories anticipate a net positive hiring Outlook.

Moderate Hiring Expected in the Final Quarter of 2022

With strong outlooks across the regions, employers in the Asia-Pacific (+40%) reported the strongest need to hire, followed by South and Central America (+39%), North America (+30%), and EMEA (+21%).

Employers Anticipate Strong Demand for Talent Across Key Sectors

Digital roles and those in finance and business drive demand in the UK: IT & Technology reported the strongest outlook (+34%), along with Banking, Finance, Insurance and Real Estate (+40%), Primary Production (+33%), Restaurants and Hotels (+29%) and Other Services (+29).

*Includes: Professional, Scientific and Technical Activities; Administrative and Support Services; Other Service Activities.
**Includes: Agriculture, Forestry and Fishing; Mining and Quarrying; Electricity; Gas and Air Conditioning Supply; Water Supply; Sewerage, Waste Management and Remediation Activities
***Other; Prefer not to say

Growth Expected Across All UK RegionsNorthern Ireland leads the home nations and all regions this quarter, with an Outlook of +32%, a decrease of -4 percentage-points on last quarter.London (+28) and the South East (+17) report the weakest Outlook of any regions, with a decrease of -13 and -21 percentage points compared to Q3.Outlook in the East of England (+31) continues to climb with an increase of +3 percentage points on last quarter.Scotland (+26) has gained +2 percentage-points since last quarter, while Wales (+17) has dropped-10 percentage-points.

Large Organisations Continue to Report Strongest Hiring Intentions

Europe, Middle East, and Africa Employers Report Softening Confidence

Hiring intentions improve in 6 countries when compared to the previous quarter and in 11 since one year ago.The strongest hiring intentions are in Sweden (+34%), France (+34%), Norway (+33%), and Belgium (+33%).The most cautious markets are Hungary (-5%), Greece (-3%), Poland (+1%) and Spain (+2%).Countries closest to Ukraine experience a decrease in hiring intentions; for example, Hungary dropped 17 points since last quarter, and now report an employment outlook of -5%