Employers still skittish on hiring

By Annalyn Censky, staff reporter


NEW YORK (CNNMoney.com) -- Most employers are still cautious when it comes to hiring, planning neither to add nor cut jobs from their payrolls this spring, according to a staffing firm survey released Tuesday.

About 73% of employers surveyed by Manpower Inc. expect no change in their hiring plans from March to June this year.

But there were also signs of improvement in the hiring outlook. Only about 8% of employers said they plan to make cuts, down from 12% in the previous quarter, and 14% a year ago. About 16% of employers said they expect to add to their payrolls, up from 12% last quarter.

"Things certainly seem to be turning around in many aspects of the economy," said Melanie Holmes, a Manpower vice president. "I really don't think employers are 100% confident yet, but I do think their confidence is building."

The Milwaukee-based employment services company surveys about 18,000 employers in 200 metropolitan areas each quarter and tracks their hiring plans.

Of the 13 industry sectors Manpower surveyed, employers in leisure and hospitality, business services and mining reported the strongest hiring outlooks for the quarter.

Only the government sector reported a negative outlook, with 11% of government employers saying they plan to cut jobs, and 10% saying they plan to hire new staff.

All four regions tracked by Manpower expect modest hiring gains through June. Employers in the Northeast posted the highest hiring outlook, followed by the South and West, and finally, the Midwest.

Around the world, 27 of the 36 countries surveyed by Manpower expect to add to their workforces.

India, Brazil, Taiwan, Costa Rica, Peru and Australia posted the strongest hiring outlooks, while Italy, Spain and Ireland posted the weakest hiring plans.

Manpower's survey results come four days after a government jobs report revealed employers cut payrolls by a total of 36,000 jobs last month. Economists surveyed by Briefing.com had expected much worse -- a total of 68,000 cuts.

A separate report showed the unemployment rate held steady at 9.7% in February. To top of page

Frontline troops push for solar energy
The U.S. Marines are testing renewable energy technologies like solar to reduce costs and casualties associated with fossil fuels. Play
25 Best Places to find rich singles
Looking for Mr. or Ms. Moneybags? Hunt down the perfect mate in these wealthy cities, which are brimming with unattached professionals. More
Fun festivals: Twins to mustard to pirates!
You'll see double in Twinsburg, Ohio, and Ketchup lovers should beware in Middleton, WI. Here's some of the best and strangest town festivals. Play
Index Last Change % Change
Dow 17,122.01 15.31 0.09%
Nasdaq 4,569.62 -1.02 -0.02%
S&P 500 2,000.12 0.10 0.00%
Treasuries 2.36 -0.03 -1.25%
Data as of 5:38pm ET
Company Price Change % Change
Bank of America Corp... 16.20 -0.13 -0.80%
Apple Inc 102.13 1.24 1.23%
Facebook Inc 74.63 -1.33 -1.75%
Yahoo! Inc 38.18 0.39 1.03%
Pfizer Inc 29.49 0.28 0.96%
Data as of 4:02pm ET

Sections

As Elon Musk cancels the latest launch of a SpaceX rocket, he's also got some "horrible nightmares" to contend with. More

Former Fed chief Ben Bernanke believes the 2008 financial crisis was the worst in global history, topping even the Great Depression. More

Tech fans are already excited about the launch of Apple's iPhone 6 next month. There's now a report suggesting that the iWatch could be coming too. Wall Street is pleased. More

Utah State professor Michael Glauser cycled 4,000 miles this summer, visiting 100 entrepreneurs across the country. Here's a snapshot of how they grew their businesses. More

Mary Fallon, from Durham, Maine, is a mother of three children, two dogs, 25 chickens and a flock of 22 sheep. Here are journal entries from a day in her life. More

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.