Employers cautious on summer hiring

Fifty-eight percent of employers anticipate no change in their hiring pace in third quarter of 2007, while 29 percent expect to increase their hiring.


NEW YORK (CNNMoney.com) -- U.S. employers expect to take a cautious approach to hiring over the summer months, a survey released Tuesday showed.

Nearly three-fifths, or 58 percent, of employers plan no change in the pace of hiring, according to a seasonally adjusted survey of 14,000 employers by Manpower, a human resources company.

Twenty-nine percent expect to increase the hiring pace, while 7 percent expect to trim their payrolls, said the study. Six percent said they were undecided.

In the third quarter last year, 31 percent said they expected to increase the pace.

"The survey suggests that it will be a cool summer when it comes to hiring in the U.S.," Jeffrey Joerres, CEO of Manpower, said in an email. "Employers are holding steady with their employment projections for the third quarter and taking a wait-and-see approach as they begin to look toward year-end."

Employers in three industries - retail, mining and public administration - said that hiring would slow. But those in four other large sectors - construction, manufacturing, transportation and finance - said they foresaw no change in the hiring climate.

Regional and global outlook

Hiring looks strongest in the West in coming months, where 36 percent of companies expect to add workers at a faster rate, while employers in the Northeast and Midwest were least optimistic, at 27 percent.

The survey also looks at 50,000 employers across the globe.

Among global employers, third-quarter hiring is expected to increase in all 27 countries surveyed.

Germany and Norway reported the most optimistic hiring plans in five years, basically on seasonally adjusted data, with 14 percent and 25 percent gains respectively for the third quarter.

Globally, the countries with the strongest hiring prospects were Singapore, Peru, India, Argentina, New Zealand, Australia, Norway, Costa Rica, Japan and Hong Kong.

Hiring conditions are expected to be worst in Italy, Belgium and France. Top of page

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.