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News » Global hiring outlook dips as economic challenges loom – ManpowerGroup

Global hiring outlook dips as economic challenges loom – ManpowerGroup

Photo from ManpowerGroup’s Employment Outlook Survey for Q2 2024

WISCONSIN, UNITED STATES — Global hiring intentions cooled for Q2 2024 amid economic headwinds, according to ManpowerGroup’s latest Employment Outlook Survey

The Net Employment Outlook (NEO) dipped to +22%, down 2% year-over-year and 4% from Q1.

“After years of breakneck post-pandemic growth, a cooldown was inevitable,” said ManpowerGroup CEO Jonas Prising. 

The survey of over 40,000 employers across 42 countries showed North America (+31%) had the highest regional hiring outlook, followed by Asia Pacific (+27%), Central and South Americas (+19%), and Europe/Middle East/Africa (+15%).

By country, India (+36%), the U.S. (+34%), China, Costa Rica and the Netherlands (all +32%) led hiring plans, while Romania (-2%), Israel (-1%) and Argentina (+1%) lagged.

The IT industry maintained the most robust global outlook at +34%, trailed by financials/real estate (+29%) and healthcare/life sciences (+28%).

“Still, demand remains strong for skilled talent. Given the global talent shortage, we expect hiring managers to get creative in this climate, whether it’s upskilling current staff or through more targeted recruitment, as businesses gauge conditions over the coming months,” Prising added.

Other findings include: 

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