U.S. Labor Market Remains Optimistic as One in Four Employers Plan to Hire in Q3 2017
Taking seasonal variations into account, the Net Employment Outlook* for Quarter 3 2017 is +17%, which marks the 12th consecutive quarter with an Outlook of +15% or stronger. Nationwide hiring prospects improve by 2 percentage points when compared to one year ago.
View complete Q3 2017 survey results for the
"Employers across the country are optimistic but don't want to get ahead of themselves. In most sectors, employers report relatively stable hiring plans with some upticks - most notably in durable goods manufacturing, where there are the strongest hiring intentions in more than nine years," said
Quarter |
Increase |
Decrease |
Maintain |
Don't |
Net Employment Outlook (deseasonalized) |
Q3 2017 (current) |
24% |
4% |
70% |
2% |
17% |
Q2 2017 (previous |
22% |
3% |
73% |
2% |
17% |
Q3 2016 (one year ago) |
23% |
5% |
71% |
1% |
15% |
- Employers in all four regions in the
U.S. have a positive outlook for their Q3 2017 hiring plans. When compared with the previous quarter, hiring intentions remain relatively stable in both the Midwest and the Northeast, while employers report no change in both the South and the West. Compared with this time one year ago, hiring prospects are slightly stronger in the Midwest and remain relatively stable in the South and West. Employers in the Northeast report no change year-over-year. - Nationwide, employers in all 13 industry sectors expect to add staff in Q3 2017. Industries reporting the strongest second quarter hiring intentions are: Leisure & Hospitality (+25%), Transportation & Utilities (+22%), Wholesale & Retail Trade (+21%), Mining (+18%) and Professional & Business Services (+18%).
- For the coming quarter, employers in
Michigan ,Nebraska ,Colorado ,Iowa andRhode Island report the strongest Net Employment Outlooks. Of the 100 largest metropolitan statistical areas, the strongest job prospects are expected inGrand Rapids, Mich. ;Raleigh, N.C. ;Charlotte, N.C. ;Colorado Springs, Colo. andDes Moines, Iowa .
Complete results for the
*The Net Employment Outlook is derived by taking the percentage of employers anticipating an increase in hiring activity and subtracting from this the percentage of employers expecting a decrease in hiring activity.
About
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/us-labor-market-remains-optimistic-as-one-in-four-employers-plan-to-hire-in-q3-2017-300472752.html
SOURCE
News Provided by Acquire Media