Financial services trails employment rebound
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Employment is set to rebound in the final quarter of this year, but financial services is showing less buoyancy, according to new data released by Manpower Inc.
The Manpower Employment Outlook Survey, released today, covers the hiring intentions of 2,333 employers over the next three months and has pointed to a 5 per cent improvement in the seasonally adjusted Net Employment Outlook, which had risen to 7 per cent.
However, where the financial services sector is concerned, employers’ responses suggest a decrease when compared to the previous quarter.
The Manpower survey said hiring intentions in the finance, insurance and real estate sector for the next three months had decreased, with the seasonally adjusted Net Employment Outlook at plus 6 per cent, down from 9 per cent in the past quarter.
It said this was due to a decrease in the proportion of employers planning to increase hiring (15 per cent, down from 16 per cent in the third quarter).
However, it said the number planning to decrease hiring also decreased slightly (8 per cent, compared to 9 per cent in the third quarter).
The Manpower analysis said hiring intentions remained much weaker than a year ago, when the Net Employment Outlook for the sector was 16 per cent.
Commenting on the broad survey findings, Manpower spokesman Lincoln Crawley said two successive quarters of improving employer forecasts were an encouraging sign that the employment market had turned a corner.
AUTHOR
Mike Taylor
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