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Hiring plans in Mexico hold steady, ManpowerGroup survey finds

December 14, 2017

Mexican employers report steady hiring plans for the upcoming quarter, according to a survey by ManpowerGroup Inc. (NYSE: MAN).

The survey found 14% of employers in Mexico forecast an increase in staffing levels in the upcoming quarter; 4% anticipate a decrease and 81% expect no change. This yields a net employment outlook of 12% on a seasonally adjusted basis — a slight decrease of one percentage point when compared to hiring intentions for the previous quarter and a decrease of two percentage points compared to the survey conducted at this time last year.

Positive forecasts were reported in all industry sectors and regions.

“The net employment outlook in Mexico showed a slight slowdown but remains positive with +12%. The unemployment rate continues decreasing,” said Mónica Flores, president of ManpowerGroup Latin America. “Nevertheless, informal jobs continue being high and unemployment for young people is increasing. The employers ask for technician skills in operational levels and experience, English knowledge and specialized skills for jobs in professional levels.”

Flores added, “The uncertainty associated with ongoing NAFTA renegotiation continues to concern employers, nothing is concluded yet but the suspense makes some employer more cautious with their hiring intentions.”

The net employment outlook, seasonally adjusted, by sector:

  • Manufacturing: up 15%
  • Transport and communication: up 15%
  • Mining and extraction: up 12%
  • Agriculture and fishing: up 11%
  • Services: up 11%
  • Commerce: up 11%
  • Construction: up 6%