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Mexico hiring will be steady in Q3, ManpowerGroup survey says

June 11, 2014

Mexican employers continue to report steady hiring plans, according to the third-quarter 2014 Manpower employment outlook survey released by ManpowerGroup Inc. (NYSE: MAN).

Among Mexican employers surveyed, 22 percent expect to increase their payrolls in the third quarter, 7 percent plan to make reductions and 71 percent expect no changes to their staff. This results in a net employment outlook of 14 percent on a seasonally adjusted basis, down three percentage points from the prior quarter and down four percentage points from last year’s third quarter.

The most optimistic forecasts are in the agriculture and fishing, construction, and services industry sectors where all employers report third-quarter outlooks of above 16 percent.

Employers in the West and Southeast regions reported their most optimistic hiring intentions since the regions were first analyzed in the third quarter of 2003.

Employers in the West reported the most optimistic hiring plans, with a net employment outlook of 44 percent.

“Fueling employer confidence in the region are upbeat forecasts reported in the manufacture, services and construction industry sector,” said Monica Flores, CEO of ManpowerGroup for Latin America. “Technology companies are also planning to invest in hi-tech product manufacturing. Other large companies specializing in food service are growing in the region, and are also expected to generate new employment opportunities.”

The outlook is up 31 percent in the Southeast region, driven by positive forecasts in the agriculture and fishing, services, commerce and manufacture industry sectors.

ManpowerGroup’s employment outlook survey includes responses from more than 4,816 Mexican employers.