Special Report Your Job

Hiring still sluggish - survey

Employers are hesitant to add workers in the months ahead, according to a staffing firm's survey.

EMAIL  |   PRINT  |   SHARE  |   RSS
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
By Jessica Dickler, CNNMoney.com staff writer

How secure do you feel in your job?
  • Extremely secure
  • Fairly secure
  • A little insecure
  • Not secure at all

NEW YORK (CNNMoney.com) -- Employers are still jittery about hiring but the pace of job loss is stabilizing, according to a staffing firm survey released Tuesday.

Sixty-seven percent of employers said they plan to hold staff levels steady for the third quarter of 2009, unchanged from the last two quarters, according to the Manpower's quarterly employment outlook survey.

"Employer attitudes about hiring remain essentially unchanged compared to the previous quarter," Jeffrey Joerres, chairman and CEO of Manpower, said in a statement.

"While the numbers may not be as optimistic as we would like, it is positive to see no further deterioration," he said.

Of the 28,000 employers surveyed in the United States, only 15% anticipated hiring more employees during the third quarter, down from 26% last year, the survey said. Another 13% expected a reduction in their payrolls, up from 10% last year. Five percent said they were undecided about their July to September hiring plans.

The net employment outlook, or difference between employers who plan to add jobs and those who expect to cut them, was 2%, down from 16% in the year-ago period.

"The data shows continued hesitancy among employers," said Jonas Prising, president of the Americas for Manpower Inc. "They are treading slowly and watching with guarded optimism, hoping a few quarters of stability will be the precursor to the recovery."

Of the industries that plan on hiring, leisure & hospitality had the most promising hiring outlook, followed by wholesale & retail trade, professional & business services, financial activities and construction.

Alternatively, employers in mining had the weakest employment outlook in the upcoming quarter, while durable goods manufacturing, transportation & utilities, information, government and education & health services all anticipated a decline in hiring as well.

Employers in nondurable goods manufacturing plan to keep hiring levels relatively stable for the third quarter, according to the survey.

A government report Friday showed that 2.9 million jobs have been lost so far this year and the unemployment rate now stands at 9.4%, its highest level in 26 years.

Have you applied for a loan modification or refinancing under the Obama administration plan? Did you run into roadbloacks or were you able to get a lower monthly payment and avoid foreclosure? We want to hear your experiences. E-mail your story to realstories@cnnmoney.com and you could be part of an upcoming article. For the CNNMoney.com Comment Policy, click here. To top of page

They're hiring!These Fortune 100 employers have at least 350 openings each. What are they looking for in a new hire? More
If the Fortune 500 were a country...It would be the world's second-biggest economy. See how big companies' sales stack up against GDP over the past decade. More
Sponsored By:
More Galleries
10 of the most luxurious airline amenity kits When it comes to in-flight pampering, the amenity kits offered by these 10 airlines are the ultimate in luxury More
7 startups that want to improve your mental health From a text therapy platform to apps that push you reminders to breathe, these self-care startups offer help on a daily basis or in times of need. More
5 radical technologies that will change how you get to work From Uber's flying cars to the Hyperloop, these are some of the neatest transportation concepts in the works today. More
Worry about the hackers you don't know 
Crime syndicates and government organizations pose a much greater cyber threat than renegade hacker groups like Anonymous. Play
GE CEO: Bringing jobs back to the U.S. 
Jeff Immelt says the U.S. is a cost competitive market for advanced manufacturing and that GE is bringing jobs back from Mexico. Play
Hamster wheel and wedgie-powered transit 
Red Bull Creation challenges hackers and engineers to invent new modes of transportation. Play

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.