Jobs are back in India, most of Asia; US still struggles

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New York: Employment recovery in emerging Asian economies including India is in full swing even as the private sector in the US is still wary of creating new jobs, the “global survey of hiring intentions” by Manpower has revealed.

The survey, based on 61,000 interviews, found better jobs prospects in 23 of 36 countries and territories when compared with the second quarter, and all but four were higher from a year ago.

The strongest hiring prospects are in emerging Asian economies like India and China, where companies enjoy both local and export demand, it said.
China's hiring outlook is the strongest since Manpower started surveying employers there five years ago, while India's has rebounded to a two-year high.

Prospects improved in Japan for the fourth consecutive quarter but remain the lowest in the region, partly a result of political turmoil.

"There's a lot of trepidation in the air in Japan, and as a result hiring is being depressed," Manpower Chief Executive Jeff Joerres said.

"We'll go into the third quarter and see more of what we saw in the second -- no doubt improved BLS numbers, but not so improved that we're going to feel like we're out of the woods," Joerres added.

Concerns in US

In the US, large-scale job creation is unlikely in coming months, it said.

The US net employment outlook was plus-6 for the third quarter, up slightly from plus-5 in the previous survey. It was negative a year ago.

Manpower's index, based on interviews with 18,000 US hiring managers, measures the difference between those who say they will add to their workforce and those who plan cuts. About 70 percent reported no change in their outlook, continuing a recent trend that shows many employers remain unconvinced about the sustainability of the current economic rebound.

BLS refers to the US government's Bureau of Labour Statistics, which reports monthly employment figures and Friday said 431,000 jobs were added outside the farm sector in May. That was far fewer than expected, and growth in private payrolls also fell short of forecasts.

Encouraging economic signals include a production managers' index that indicates a recovering manufacturing sector, Joerres said. But US employers are able to meet added demand with their existing workforce, and will resist adding new workers until they see credible evidence that demand is sustainable.

"To get that evidence, we may have to wait until the first quarter," Joerres said, noting that hiring is seasonally weak in the fourth quarter. He described the pace of a US jobs recovery as "still very tepid."

Manpower's survey dates back to 1962 in the US but has a shorter history in other countries. The Milwaukee, Wisconsin-based company is active in 82 countries and makes most of its sales and profit outside the US.

In Latin America, the majority of employers in Brazil anticipate taking on staff. Mexico can also expect a better hiring environment, especially in manufacturing and mining, but the hiring outlook dipped in Argentina.

In Europe, the weakest third-quarter hiring plans were reported in Italy, Ireland, Spain and Greece, while employers in larger economies like France, Germany and the United Kingdom are more willing to add workers over the next three months.

Manpower's third-quarter survey was conducted before a debt crisis in Greece led to a nearly USD 1 trillion European rescue plan. But Manpower's internal data suggests the crisis has had limited effect on the confidence of European employers.

"We've been seeing really no change in our business since the Greek credit crisis of a month ago," Joerres said.

More employers than last quarter expect to boost hiring in Central European economies, as well as in Spain, Sweden, Austria and Belgium, Manpower said. Prospects are down in Norway, Switzerland and in South Africa, which Manpower groups with Europe and the Middle East.

FIFA Worldcup

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Group A
MatchDate - TimeVenue Results
111/06 16:00Johannesburg - JSCSouth AfricaSouth AfricaBackground
MexicoMexico
211/06 20:30Cape Town UruguayUruguayBackground
FranceFrance
1716/06 20:30Tshwane/Pretoria South AfricaSouth AfricaBackground
UruguayUruguay
1817/06 20:30Polokwane FranceFranceBackground
MexicoMexico
3322/06 16:00Rustenburg MexicoMexicoBackground
UruguayUruguay
3422/06 16:00Mangaung/Bloemfontein FranceFranceBackground
South AfricaSouth Africa
Group B
MatchDate - TimeVenue Results
312/06 16:00Johannesburg - JEPArgentinaArgentinaBackground
NigeriaNigeria
412/06 13:30Nelson Mandela Bay/Port Elizabeth Korea RepublicKorea RepublicBackground
GreeceGreece
1917/06 16:00Mangaung/Bloemfontein GreeceGreeceBackground
NigeriaNigeria
2017/06 13:30Johannesburg - JSCArgentinaArgentinaBackground
Korea RepublicKorea Republic
3522/06 20:30Durban NigeriaNigeriaBackground
Korea RepublicKorea Republic
3622/06 20:30Polokwane GreeceGreeceBackground
ArgentinaArgentina
Group C
MatchDate - TimeVenue Results
512/06 20:30Rustenburg EnglandEnglandBackground
USAUSA
613/06 13:30Polokwane AlgeriaAlgeriaBackground
SloveniaSlovenia
2218/06 16:00Johannesburg - JEPSloveniaSloveniaBackground
USAUSA
2318/06 20:30Cape Town EnglandEnglandBackground
AlgeriaAlgeria
3723/06 16:00Nelson Mandela Bay/Port Elizabeth SloveniaSloveniaBackground
EnglandEngland
3823/06 16:00Tshwane/Pretoria USAUSABackground
AlgeriaAlgeria
Group D
MatchDate - TimeVenue Results
713/06 20:30Durban GermanyGermanyBackground
AustraliaAustralia
813/06 16:00Tshwane/Pretoria SerbiaSerbiaBackground
GhanaGhana
2118/06 13:30Nelson Mandela Bay/Port Elizabeth GermanyGermanyBackground
SerbiaSerbia
2419/06 16:00Rustenburg GhanaGhanaBackground
AustraliaAustralia
3923/06 20:30Johannesburg - JSCGhanaGhanaBackground
GermanyGermany
4023/06 20:30Nelspruit AustraliaAustraliaBackground
SerbiaSerbia
Group E
MatchDate - TimeVenue Results
914/06 13:30Johannesburg - JSCNetherlandsNetherlandsBackground
DenmarkDenmark
1014/06 16:00Mangaung/Bloemfontein JapanJapanBackground
CameroonCameroon
2519/06 13:30Durban NetherlandsNetherlandsBackground
JapanJapan
2619/06 20:30Tshwane/Pretoria CameroonCameroonBackground
DenmarkDenmark
4324/06 20:30Rustenburg DenmarkDenmarkBackground
JapanJapan
4424/06 20:30Cape Town CameroonCameroonBackground
NetherlandsNetherlands
Group F
MatchDate - TimeVenue Results
1114/06 20:30Cape Town ItalyItalyBackground
ParaguayParaguay
1215/06 13:30Rustenburg New ZealandNew ZealandBackground
SlovakiaSlovakia
2720/06 13:30Mangaung/Bloemfontein SlovakiaSlovakiaBackground
ParaguayParaguay
2820/06 16:00Nelspruit ItalyItalyBackground
New ZealandNew Zealand
4124/06 16:00Johannesburg - JEPSlovakiaSlovakiaBackground
ItalyItaly
4224/06 16:00Polokwane ParaguayParaguayBackground
New ZealandNew Zealand
Group G
MatchDate - TimeVenue Results
1315/06 16:00Nelson Mandela Bay/Port Elizabeth Côte d'IvoireCôte d'IvoireBackground
PortugalPortugal
1415/06 20:30Johannesburg - JEPBrazilBrazilBackground
Korea DPRKorea DPR
2920/06 20:30Johannesburg - JSCBrazilBrazilBackground
Côte d'IvoireCôte d'Ivoire
3021/06 13:30Cape Town PortugalPortugalBackground
Korea DPRKorea DPR
4525/06 16:00Durban PortugalPortugalBackground
BrazilBrazil
4625/06 16:00Nelspruit Korea DPRKorea DPRBackground
Côte d'IvoireCôte d'Ivoire
Group H
MatchDate - TimeVenue Results
1516/06 13:30Nelspruit HondurasHondurasBackground
ChileChile
1616/06 16:00Durban SpainSpainBackground
SwitzerlandSwitzerland
3121/06 16:00Nelson Mandela Bay/Port Elizabeth ChileChileBackground
SwitzerlandSwitzerland
3221/06 20:30Johannesburg - JEPSpainSpainBackground
HondurasHonduras
4725/06 20:30Tshwane/Pretoria ChileChileBackground
SpainSpain
4825/06 20:30Mangaung/Bloemfontein SwitzerlandSwitzerlandBackground
HondurasHonduras

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