Job seekers in the Retail sector and wholesale sector can expect a quiet labor market in the upcoming quarter, according to a survey by Manpower Group in which surveryed employers reported a Net Employment Outlook of +2%.
Hiring plans have weakened both quarter-over-quarter and year-over-year, decreasing by 3 and 25 percentage points, respectively.
According to the survey, Indian employers report cautious hiring plans for the final quarter of 2020. With 7% of employers anticipating an increase in payrolls, 3% forecasting a decrease and 54% expecting no change, the resulting Net Employment Outlook is +4%.
Once the data is adjusted to allow for seasonal variation, the Outlook stands at +3%. Hiring sentiment is the weakest since the survey began 15 years ago, remaining relatively stable when compared with the previous quarter, but declining by 16 percentage points in comparison with this time one year ago.
Hiring intentions in in both the North and the South are the
weakest reported since the survey began in 2005, while
employers in the West match their weakest forecast, last
reported in the previous quarter.
Employers in all four regions expect to increase payrolls
during the next three months. The strongest labor market
is expected in the East, where the Net Employment Outlook
is +5%. Elsewhere, limited job gains are anticipated in the
North, with an Outlook of +4%, and in both the South and
the West, with Outlooks of +3%.