Survey: Modest Job Growth For Twin Cities In Q1
The Twin Cities are expected to see modest employment growth during the first quarter of 2016, according to a new survey.
The Manpower Employment Outlook Survey found 18 percent of metro employers intend to increase their staffing levels, while 8 percent plan to decrease employment, resulting in a 10 percent “net employment outlook.” (72 percent will maintain their numbers).
The numbers are slightly better than the same quarter last year, when Manpower found a 7 percent net employment outlook score for the metro. But it’s a significant drop from the current quarter, when the net employment outlook was 23 percent.
The industries with the best hiring prospects during the next quarter are nondurable goods manufacturing, transportation and utilities, finance, professional services, education, hospitality and government. Construction and retail are expected to see employment reductions.
The statewide employment outlook was not significantly different from the metro area. Throughout Minnesota, 16 percent of employers planned to increase staffing, while 7 percent are likely to decrease, for a net employment outlook of 7 percent. That’s down from a year ago, when the state had an outlook of 11 percent.
Minnesota lags behind the nation as a whole for the first quarter of 2016. The MEOS found that 20 percent expect to add to their workforces, while 6 percent will shed jobs, for a net employment outlook of 14 percent (17 percent after seasonal variations).
ManpowerGroup, a Milwaukee-based staffing and recruitment organization, conducts the survey each quarter to get a pulse on staffing needs throughout the country. More than 11,000 employers are survey throughout the United States, including the 100 largest metro areas. The companies and industries surveyed are intended to be representative of the economy as a whole.
View the full Twin Cities report here and the Minnesota report here.