Employers globally expect to hire a lot less people in the third quarter, reflecting the impact of the COVID-19 crisis on health, the economy and employment across the world.
That’s the finding of ManpowerGroup’s Employment Outlook Survey which asked 38,000 employers in 43 countries whether they intend to hire additional workers or reduce the size of their workforce in the coming quarter.
The report reveals weaker hiring intentions in all 43 countries compared with this time one year ago, and a dip to a 20-year low in 27 markets, reflecting the magnitude of the pandemic’s impact. The survey is the most comprehensive, forward-looking employment survey of its kind, used globally as a key economic indicator and the research was conducted in April 2020.
In the U.S. employers expect very modest hiring with outlooks declining by 16 percentage points when compared with the previous quarter and are the weakest since 2009. One of the most significant declines is reported in Leisure & Hospitality with employers reporting the weakest outlook in more than ten years.
To see the complete survey, click here.