One positive trend for workers is the lowering of requirements for open jobs, as 72% of roles today have lower requirements than January. The states with the weakest outlooks are Nevada at 1% and Kentucky at 2%. On a state-by-state basis, New England’s small-but-mighty Vermont is expected to see the country’s highest net employment outlook at 56%, followed by Montana at 38% and Iowa at 31%. This is followed by the wholesale and retail trade industry at 20%. The second strongest labor market is forecast for the transportation and utilities sector, with a 22% employment outlook. He expects it to experience some recovery in the first quarter thanks, in part, to the positive news surrounding the Covid-19 vaccines. Stull says the numbers are strong because the industry has been hurt so badly. In fact, the sector with the strongest labor market outlook is leisure and hospitality at 26%. It’s no surprise, then, that the leisure and hospitality industry is one of seven sectors in the South that can expect slightly stronger labor markets in the first quarter of 2021, with a seasonally adjusted employment outlook of 27%. With more than 400 miles of canals and close proximity to Gulf Coast beaches, Cape Coral is ripe for tourism-in non-Covid times. Gettyīut the top spot goes to Cape Coral, Florida, which has a 42% employment outlook. Grand Rapids, Michigan saw an employment outlook of 34%. I think these are just realistic assumptions.” “Early on, we saw a lot more optimism that it would happen faster.
“For many employers that we are talking to, everyone feels like is when we will be fully back up and running and the pandemic will be behind us,” he says. Though this represents a 3% increase from the fourth quarter of 2020, it’s a 2% decrease from the first.Įven more depressing: Just 13% of employers surveyed say they expect pre-pandemic hiring to return before July 2021, down from 54% when asked the same question in the second quarter of this year.īut Stull isn’t overly concerned. The report reveals a net employment outlook of 17% for the first quarter of 2021, when seasonally adjusted to remove the influences of recurring events like holidays and school schedules. ManpowerGroup conducts an Employment Outlook Survey each quarter to get a sense of the hiring plans of employers in America’s 100 most populated metropolitan areas. “While we see high unemployment, we also see a lot of job openings.” “We expect the momentum, especially at the beginning of the year, to pick back up in the job markets,” Stull says. How does this bode for the job market next year? It can only get better, says Michael Stull, senior vice president of Milwaukee-based global staffing firm ManpowerGroup North America. In November, roughly 10.7 million people were unemployed-trending down from October, but still 4.9 million higher than in February, one month before the coronavirus crisis was declared a pandemic.
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