The outlook for employment continues to deteriorate but widespread layoffs are not yet on the cards, the Manpower Employment Outlook for the December quarter showed yesterday.
The Outlook, which surveys more than 2,000 employers, revealed the net employment outlook for the fourth quarter was a seasonally adjusted 17 per cent – five points down from September quarter forecasts and 11 points from the year before.
This means just 17 per cent of employers are looking to increase their employee head count in the quarter compared to 28 per cent in the December quarter last year.
The outlook for the Finance, Insurance and Real Estate sector was particularly weak, with net employment expectations declining by seven percentage points over the quarter and 16 points over the year to 17 per cent.
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