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Hiring in Mexico to remain stable in Q3, ManpowerGroup says

June 10, 2015

Mexico’s employers report relatively stable hiring plans for the third quarter, according to a survey by ManpowerGroup Inc. (NYSE: MAN). The survey found 14% of employers in Mexico plan to increase staff in the third quarter, 3% plan to make reductions and 81% expect no change, yielding a net employment outlook of 10% on a seasonally adjusted basis.

The forecast indicates hiring prospects are relatively stable when compared with the previous quarter but down by four percentage points from one year ago, according to ManpowerGroup.

For the second consecutive quarter, employers in the manufacture sector reported the strongest third-quarter hiring plans.

“Much of this optimism may stem from the expansion of automotive manufacturers, and their growing need for engineering, technical and IT talent — especially for those talented individuals who also possess competent foreign language skills, including English, German and Korean,” said Javier Vargas, Right Management regional VP, Latin America.

The third-quarter forecast also revealed a weaker hiring pace in the mining and extraction sector.

“Of course, there are also fewer employers in the sector who plan to reduce staff, so the weaker forecast may simply be a sign that these employers are satisfied to keep current staff levels intact through the end of September,” Vargas said.

All seven industry sectors and all regions reported positive forecasts, but hiring plans weakened by varying margins in all compared to last year at this time. Below is the net employment outlook, seasonally adjusted, by sector:

  • Manufacture: +13%
  • Services: +12%
  • Commerce: +9%
  • Transport and communication: +7%
  • Mining and extraction: +6%
  • Construction: +6%
  • Agriculture and fishing: +4%

ManpowerGroup’s employment outlook survey includes responses from 4,801 Mexican employers.