As summer turns to fall, we’re pleased to report that the employment outlook for Q4 is strong. Based on our quarterly ManpowerGroup Employment Outlook Survey, 46 percent of employers report the intention to hire in the October-December time period.
Our quarterly Employment Outlook Survey measures employers’ intentions to increase or decrease the number of employees in their payrolls in the coming quarter. Now in its 62nd year, it’s the most comprehensive, forward-looking employment survey of its kind, used globally as a key economic indicator.
The Net Employment Outlook (NEO) for the U.S. stands at +34%. That’s a 4-point jump from last quarter, and a modest 2-point decrease from Q4 2023. The NEO realizes the difference between the percentage of employers planning to increase staff in the quarter (46%) minus the percentage expected to decrease staff (12%).
For the 13th straight quarter, the strongest hiring expectations are in the Information Technology sector, where 51% of employers plan to add to staff. The sector with the second-highest hiring forecast is Financials and Real Estate with an NEO of 40%.
Globally, the Net Employment Outlook for the U.S. ranks 3rd in the world this quarter; after India and Costa Rica.
Additionally, this quarter’s report includes statistics regarding employer tactics for increasing retention, LGBTQIA+ inclusion and a look into Gen Z’s collective mindset.
The full report breaks down the talent shortage and NEO by industry, what employers are doing to combat talent scarcities, and more.
Access the Q4 2024 Employment Outlook Survey to help you make the smartest decisions for your organization.
This map diagram reveals regional NEO differences.
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