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ManpowerGroup survey finds 19% of employers in Mexico to increase staff

March 09, 2016

A survey by ManpowerGroup Inc. (NYSE: MAN) found 19% of employers in Mexico forecast an increase in staffing levels in the upcoming quarter, 5% anticipate a decrease and 73% expect no change, yielding a net employment outlook of 13% on a seasonally adjusted basis.

The forecast indicates hiring prospects are unchanged when compared with the previous two quarters but up by two percentage points from one year ago, according to ManpowerGroup.

Positive forecasts were reported in all industry sectors and regions.

“Considering developments associated with the peso-dollar parity and petroleum’s plunging prices, Mexican employers remain resilient and continue to anticipate a favorable second-quarter hiring environment,” said Mónica Flores Barragán, president Latin America ManpowerGroup. “However, according to the OECD, Latin America’s growth’s pace has been slowed down due to external factors such as the drop of raw material’s global prices, China’s economic weakening and United States’ monetary policy’s gradual normalization. So it will be crucial to elevate productivity to ensure a steady supply of opportunities for Mexico’s job seekers.”

The net employment outlook, seasonally adjusted, by sector:

  • Transport and communication: up 15%
  • Manufacture: up 15%
  • Services: up 13%
  • Commerce: up 13%
  • Construction: up 12%
  • Agriculture and fishing: up 9%
  • Mining and extraction: up 7%