Um, this isn’t exactly consistent with the recovery story. From MarketWatch:
Employers’ hiring plans for the upcoming fourth quarter dropped to their lowest level in the history of Manpower’s Employment Outlook Survey, which started in 1962.
A net -3% of employers said they’ll hire in the fourth quarter, down from -2% in the third quarter, on a seasonally adjusted basis…. Before this year, the survey’s previous low point was a net 1% hiring outlook for the third quarter of 1982…
A year ago, a seasonally adjusted net 9% of firms said they would hire in the fourth quarter. … Manpower doesn’t measure the number of jobs. The survey’s margin of error is +/- 0.49%.
And the only sector with a net positive number of establishments seeking to hire is…..financial services! How nice to be an arm of the government, when ironically, the government sector is in negative territory, hiring-wise:
For each industry, here are the figures for the net employment outlook for the fourth quarter, not seasonally adjusted, in order of most negative outlook first.
Construction, -10%, down from 2% for the third quarter
Mining, -9%, flat from -9%
Transportation and utilities, -9%, down from -3%
Government, -8%, down from -4%
Manufacturing, durable goods, -8%, down from -6%
Information, -5%, down from -4%
Manufacturing, nondurable goods, -3%, down from 0%
Other services, -1%, down from 0%
Financial activities, 1%, down from 2%