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Conservative Hiring Pace Expected for Chicago-Naperville-Joliet, IL-IN-WI MSA

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September 12, 2017
Conservative Hiring Pace Expected for Chicago-Naperville-Joliet, IL-IN-WI MSA

Contacts: Tom Mihelic - (630) 898-2990
 
 
September 12, 2017 - Chicago-Naperville-Joliet, IL-IN-WI MSA employers expect to hire at a cautious pace during Quarter 4 2017, according to the ManpowerGroup Employment Outlook Survey.
 
Among employers surveyed, 17 percent plan to hire more employees from October through December. This number is offset by the 8 percent that plan to reduce payrolls, while 72 percent of employers expect to maintain current staff levels and 3 percent indicate they are not sure of their hiring plans. This yields a Net Employment Outlook* of 9%.
 
"Local employers anticipate a weaker hiring pace compared to Q3 2017 when the Net Employment Outlook was 19%," said ManpowerGroup spokesperson Tom Mihelic. "Last year at this time, employers expected more hiring activity when the Outlook was 12%."
 
Summary of Results for Chicago-Naperville-Joliet, IL-IN-WI MSA
 
  Increase Staff
 Levels
Decrease Staff
 Levels
Maintain Staff
 Levels
Don't Know Net Employment
Outlook
 Q4 2017 (current) 17% 8% 72% 3% 9%
 Q3 2017 (previous
 quarter)
23% 4% 72% 1% 19%
 Q4 2016 (one year ago) 18% 6% 73% 3% 12%
 *The Net Employment Outlook is derived by taking the percentage of employers anticipating an increase in hiring activity and subtracting from this the percentage of employers expecting a decrease in hiring activity.
 
 
For the coming quarter, job prospects appear best in Construction, Durable Goods Manufacturing, Nondurable Goods Manufacturing, Transportation & Utilities, Wholesale & Retail Trade, Financial Activities and Other Services. Employers in Information, Professional & Business Services, Leisure & Hospitality and Government plan to reduce staffing levels, while hiring in Education & Health Services is expected to remain unchanged.
 
ManpowerGroup Employment Outlook Survey Results for the United States
Of the more than 11,500 employers surveyed in the United States, 21 percent expect to add to their workforces, and 6 percent expect a decline in their payrolls during Quarter 4 2017. Seventy-one percent of employers anticipate making no change to staff levels, and the remaining 2 percent of employers are undecided about their hiring plans. When seasonal variations are removed from the data, the Net Employment Outlook is +17%, unchanged compared to the Quarter 3 2017 Outlook, +17%.  
 
To complement the Quarter 4 2017 survey results, an infographic is available for download. "Where Are the Jobs" offers a snapshot of data and trends from the survey, including key state and metro area Outlooks along with an industry forecast. To view the infographic or press releases for other Metropolitan Statistical Areas or states, visit http://meos-press.manpowergroup.us/.
 
The next ManpowerGroup Employment Outlook Survey will be released on December 12, 2017, to report hiring expectations for Quarter 1 2018. To receive an email notification when the survey is available each quarter, register for updates at http://meos-press.manpowergroup.us/.
 
About the Survey
The ManpowerGroup Employment Outlook Survey is conducted quarterly to measure employers' intentions to increase or decrease the number of employees in their workforces during the next quarter. The ManpowerGroup Employment Outlook Survey's United States results are based on interviews with 11,500 employers located in the 50 states, the District of Columbia and Puerto Rico, which includes the largest 100 Metropolitan Statistical Areas based on number of business establishments. The mix of industries within the survey follows the North American Industry Classification System Supersectors and is structured to be representative of the U.S. economy. The complete results of the ManpowerGroup Employment Outlook Survey can be found online at
http://meos-press.manpowergroup.us/. There you will also find the results for the 100 Metropolitan Statistical Areas surveyed, the 50 states, the District of Columbia and Puerto Rico.
Questions can be directed to press@manpowergroup.com.
Contact:
Thomas Mihelic, Franchise Owner
(630) 898-2990