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ManpowerGroup survey finds 16% of employers in Mexico to increase staff

September 13, 2017

A survey by ManpowerGroup Inc. (NYSE: MAN) found 16% of employers in Mexico forecast an increase in staffing levels in the upcoming quarter. Three percent anticipate a decrease and 79% expect no change, yielding a net employment outlook of 13% on a seasonally adjusted basis.

The forecast indicates hiring prospects edged down 1% when compared with the previous quarter but increased by three percentage points from one year ago, according to ManpowerGroup.

Positive forecasts were reported in all industry sectors and regions.

“The general mood among employers has significantly improved since the beginning of the year and the immediate aftermath of the US election, and Mexico’s hiring prospects have remained upbeat throughout 2017,” said Mónica Flores, President for ManpowerGroup Latin America. “According to the National Institute of Statistics and Geography (INEGI), Mexico’s economic activity increased during April-June timeframe and because of this growth, there are good perspectives last three months of 2017.”

“Also, the Mexican Social Insurance Institute (IMSS) reveals that there´s been a raise in formal employment creation, with 517,434 new emerging job positions since January,” Flores said. “Unemployment rate keeps falling, standing at 3.2% by July”.

The net employment outlook, seasonally adjusted, by sector:

  • Manufacture: up 16%
  • Transport and communication: up 15%
  • Services: up 15%
  • Commerce: up 13%
  • Agriculture and fishing: up 11%
  • Mining and extraction: up 10%
  • Construction: up 9%

Employers of all sizes expect to grow staffing levels during the coming quarter. Large employers forecast a solid labor market with a seasonally adjusted employment outlook of 23%, down 2 percentage points from the prior quarter but an increase of 6 percentage points year over year; midsize firms’ outlook stands at +13%, small outlook is 8% and micro-size companies’ is 5%.

Employers in North and Northwest regions expect the most active fourth-quarter hiring pace with Net Employment Outlooks of +17% and +15% respectively.