Chart of the Day: Transport sector's hiring appetite lags other industries

Outlook dropped by 8ppt.

According to Manpower Employment Outlook Survey, employers in all seven industry sectors expect to increase payrolls during 2Q 2013.

The most optimistic hiring plans are reported in the Public Administration & Education sector and the Services sector, with Net Employment Outlooks of +38% and +37%, respectively.

Elsewhere, an active labour market is anticipated in the Finance, Insurance & Real Estate sector, where the Outlook stands at +23% and cautiously optimistic hiring intentions are reported in both the Manufacturing sector and the Wholesale Trade & Retail Trade sector, with Outlooks of +10% and +9%, respectively.

Quarter-over-quarter, employers in four of the seven industry sectors report weaker hiring prospects.

The Mining & Construction sector Outlook declines by 12 percentage points, while employers in the Transportation & Utilities sector report an 8 percentage point decrease.

However, hiring prospects strengthen in three sectors, most notably by a steep margin of 27 percentage points in the Services sector.

Public Administration & Education sector employers report an improvement of 16 percentage points.

Year-over-year, hiring plans decline in three of the seven industry sectors. Transportation & Utilities sector employers report a considerable decrease of 19 percentage points, while the Outlook for the Mining & Construction sector is 16 percentage points weaker.

Manufacturing sector employers report a 5 percentage point decline. Elsewhere, hiring prospects improve in two sectors, including the Services sector where employers report an increase of 24 percentage points.

Based on unadjusted survey data, employers forecast job gains in all seven industry sectors during 2Q 2013.

Hiring prospects are strongest in the Public Administration & Education sector and the Services sector. Quarter-over-quarter, hiring intentions improve in five sectors.
When compared with 2Q 2012, the Outlook declines in three sectors but improves in two.

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