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. Expectations in the Wholesale & Retail Trade sector have increased by seven percentage points compared to the same period past year, while employers in the Finance, Insurance & Real Estate sector report an increase of four percentage points.
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%.
Hiring prospects weaken in three of the four regions when compared with the previous quarter. "As businesses in the country look to make smart decisions around their financial investments, take advantage of the economic improvements and invest wisely around environmental factors like the drought, the finance, insurance, real estate and business services sector is gaining momentum", says Van den Barselaar. A considerable decline of 14 percentage points is reported in the North, while Outlooks are 5 and 3 percentage points weaker in the South and the West, respectively.
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Teo noted that this is the third consecutive quarter where the public administration and education sector is reporting a strong hiring outlook, explaining: "The growing skills-job mismatch has prompted more people and companies to sign up for courses to enhance their skillsets, especially their digital capabilities".
With seasonal variations removed from the data, the net employment outlook is 25 per cent, an increase of six percentage points from the previous quarterly outlook, Manpower said.
Sector comparisons Payroll gains are anticipated in nine of the 10 industry sectors during the coming quarter.
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IN employers expect to hire at what ManpowerGroup describes as "a confident pace" in April, May and June, according to survey results released today. The strongest labour market is anticipated by Wholesale & Retail Trade sector employers with a Net Employment Outlook of +21%.
The strong national result is unchanged when compared to the same period past year, but declines by three percentage points quarter-on-quarter.
However, these improved outlooks have been offset by a softening in hiring expectations across a number of other key sectors. 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.
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