These are the results from the ManpowerGroup Employment Outlook Survey for the second quarter of 2018, which records a Net Employment Outlook (NEO) of +10% for Australia, signalling that more employers plan to increase staffing levels than not heading into the second quarter of this year. "In the coming times, technology will change the job market dynamics and individuals need to adopt skill set to continue to remain employable", said A G Rao, Group MD at ManpowerGroup India.
Modest hiring plans are reported in the mining and construction sector with an outlook of +7%, and in the transportation and utilities sector, where the outlook is +6%. The hiring prospects have improved by three percentage points compared to Q2 2017.
The report says that Finance, Insurance, and Real Estate sector have the strongest outlook (+32 percent), citing the New Southbound Policy and the foothold Taiwanese banks have made in Southeast Asian countries as a major reason for the sector's strong hiring outlook.
The strongest regional labour market in the upcoming quarter is forecast by Taiwanese employers, followed by Japan.
Citing the latest ManpowerGroup Employment Outlook Survey, which collected 1,036 valid questionnaires in Taiwan, the advisory firm said the net hiring outlook stood at 26 percent, the highest level among eight economies in the Asia-Pacific region, ahead of Japan's 24 percent and India's and Hong Kong's 16 percent.
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The holding-pattern outlook comes as the N.C. Commerce Department reported a 4.2 percent unemployment rate in December for the Winston-Salem MSA. Workforce gains were expected across all four regions in India. However, second-quarter forecasts improve in only two countries and territories when compared with the first three months of the year, decline in three and are unchanged in three.
China reported the most downbeat hiring prospects in the region, with the net hiring outlook at 8 percent in the second quarter, ManpowerGroup said.
The impact of a softer outlook in the Mining & Construction sector can be seen in Queensland where hiring expectations are down three percentage points year-on-year as the state deals with an end to the frenetic pace of apartment building in Brisbane over recent years.
Taiwan's hiring outlook for the second quarter of this year is the most optimistic in the Asia-Pacific region, with the financial/insurance sector showing the strongest willingness to boost its workforce, US -based human resources advisory firm ManpowerGroup said Tuesday.
Manpower is out with its employment outlook survey today (Tuesday) on hiring intentions for April through June. 59,000 public and private employers across 44 countries and territories are interviewed to measure anticipated employment trends each quarter.