Retail Is The Most Positive Sector For Job Growth: Survey
Finance, insurance & real estate, manufacturing, mining & construction and services sector report their weakest forecasts since the survey began 12 years ago.
Job market in India continue to slide downwards with only 16 percent employers expecting an increase in staffing level, 61 percent expecting no change and one percent anticipating a decrease in staff; down by 21 percentage points compared to the last year, according to ManpowerGroup Employment Outlook Q3 Survey 2017.
Finance, insurance & real estate, manufacturing, mining & construction and services sector report their weakest forecasts since the survey began 12 years ago, while the strongest labour markets have been forecasted in the public administration & education sector with an outlook of +19 percent while wholesale & retail trade sector has a net employment outlook of +20 percent.
Transportation & utilities sector report a favourable outlooks of +16 percent and +15 percent respectively. The most mindful outlook is reported by manufacturing sector employers at +9 percent.
The survey was conducted on 4,910 employers in India with the net employment outlook at +15 percent. The hiring plans are the weakest reported since the survey began in 2005. India stood at the 7th spot in the global employment outlook while Japan and Taiwan shared the top spot with a net employment outlook of 24 percent.
When compared with the previous quarter, hiring plans weaken in three of the four regions, with the maximum in the south region by 6 percentage points when compared with the last quarter. Elsewhere, hiring intentions decline by 3 percentage points in both the East and the West, but employers in the North report no change.