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News Release from: Manpower
Edited by the Manufacturingtalk Editorial
Team on 16 August 2004
Manufacturing job prospects improve in
UK
Job prospects in the manufacturing sector are positive, according to research released by Manpower, which said that a balance of 16% of employers are to take on staff in quarter three.
Manpower Employment Outlook Survey Q3 2004 Job prospects in the manufacturing sector are positive, according to research released by Manpower, the UK's leading workforce management company A balance of 16% of employers intend to take on staff in quarter three
This article was originally published on Manufacturingtalk on 6 Jan 2004 at 8.00am (UK)
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Hazel Detsiny, Director at Manpower, says: "The CBI released a report in May showing that the manufacturing recovery is gathering momentum, due to export ordersı.
The results of our Manpower Employment Outlook Survey back this up.
Employers are expressing increased confidence and this is reflected in their hiring intentions for the next three months.
Manufacturing in Scotland in particular is performing well, perhaps accounting for some of the optimism." Unique in its predictive nature, the Manpower Employment Outlook Survey provides a forecast of employer hiring intentions for the quarter ahead: July to September 2004.
2,500 UK employers are surveyed and over 35,000 employers in 18 countries globally.
The survey is widely used by Government and industry, including the Bank of England's Monetary Policy Committee, as evidence of labour market activity.
Detsiny adds: "Although these figures are very positive, we should also take into consideration the changing landscape of the UK economy.
There are undoubtedly fewer jobs available in the manufacturing sector than there were a decade ago, simply because we are increasingly becoming a services led country.
Jobs will continue to be created in the manufacturing sector but at a much smaller rate than decades ago." The balance of 16% of employers intending to hire more staff represents both a quarter on quarter and year on year increase for the sector, up 12 percentage points from last quarter and up two percentage points from Q3 2003.
Across those European countries surveyed by Manpower, the majority of manufacturing employers report a positive outlook for the third quarter of 2004.
Austrian employers, however, report the greatest quarter on quarter decrease - down 14 percentage points.
German employers continue to forecast negative hiring intentions, despite a recorded quarter-on-quarter improvement.
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