The Manpower Employment Outlook Survey, which regularly asks 2,100 employers in the UK what they expect changes to be like over the next quarter, is renowned as being one of the most accurate thermometers of the labour market. Here’s a quick summary of the readings for Q2, 2013.
2013 employment trends
After a few adjustments have been made for normal seasonal changes, the UK job market is predicted to grow by 6%. This comes as part of a fairly constant trend of increased growth since the beginning of 2012 (in our previous article, we’ve discussed the types of industry and the locations which grew most over the 2012/13 period in more detail).
Growth in regional areas:
The Manpower report identifies the East, the South East and the South West as being the areas of greatest growth, with a striking 11/12% increase in the labour force predicted in these areas. The West Midlands also does well, with predicted growth rates of 9%.
The only areas of the United Kingdom set to shrink slightly are the North East (-1%), North West (-2%) and Northern Ireland (-5%).
Growth in different sectors:
Just because the hiring market is growing, however, does not mean your sector is guaranteed growth. If you’re lucky enough to be looking for jobs in Finance and Business Services, or Transport and Communications, you can expect to see a 12-13% increase in your sector. Those in agriculture (-2%) and construction (-11%) may not be so fortunate. It’s possible that changes in the budget may favour the construction sector, but this has yet to be seen.
International hiring trends:
Compared to the Americas (including North America) and the Asia Pacific region, EMEA (Europe, the Middle East and Africa) is the only continent to report declining as well as growing hiring markets. Of these, the worst-affected are set to be Italy and Spain (-11%), as well as Greece (-6%).
It’s not all bad news, however. The labour markets in some of the more Eastern European/Middle Asian economies – Romania, Turkey and Israel – are booming, while some of the more established Western European hiring markets – such as France and Germany – are looking to experience cautious growth over the next quarter.
*Where not explicitly stated, figures have been adjusted for seasonal changes.