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Mexico Q1 hiring to remain steady, ManpowerGroup survey finds

December 15, 2014

A survey by ManpowerGroup Inc. (NYSE: MAN) found 14 percent of employers in Mexico plan to increase staff and 4 percent plan to make reductions — the net employment outlook on a seasonally adjusted basis is 12 percent. Although the forecast indicates the hiring pace will remain steady through the first three months of the year, it is the weakest forecast reported since the second quarter of 2010, according to ManpowerGroup.

“The sector that contributed the most to the slightly weaker forecast is the mining and extraction sector where employers reported a decrease of 28 percentage points when compared with the previous quarter,” said Monica Flores, CEO of ManpowerGroup for LATAM. “This may be because employers are waiting to make large investments based on revised Energy Reform regulations which are yet to be published. They are also on the lookout for new state projects related with the Transport and Communications sector.”

Employers in all seven industry sectors expect to grow payrolls in the first quarter. The most optimistic forecast is for the construction sector, with a seasonally adjusted net employment outlook of 14 percent.

ManpowerGroup’s employment outlook survey includes responses from more than 4,802 Mexican employers.