Posted on Tuesday 10 September 2013 by Ulster Business

Manpower Q4 Infographic 

Link at bottom of article to hi-res version of Infographic 

The outlook for job prospects in Northern Ireland has worsened despite a more positive forecast for the rest of the year across the UK, according to a new survey by recruitment firm Manpower.

The Manpower Employment Outlook Survey, based on responses from 2,104 UK employers, asks whether they intend to hire additional workers or reduce the size of their workforce in the coming economic quarter.

Using the measure of the number of employers who plan to increase headcount minus the number planning to reduce their workforce, a positive number means the overall number jobs in a region is set to increase and a negative number indicates a likely decrease.

With an outlook of +6%, the quarterly survey indicated employers across the UK are looking to take on staff in the fourth quarter of 2013, an outcome that chimes with other recent figures that suggest improvements in the jobs market and signs of economic recovery.

But with an outlook of -3% for the final quarter of 2013, Northern Ireland was one of only two regions to buck the trend, alongside Yorkshire & Humberside (also -3%). Manpower said employers in Northern Ireland have not reported a positive outlook at any point in the last year.

"The jobs market has suddenly become the hottest economic indicator in town thanks to the forward guidance issued by Mark Carney, the new Governor of the Bank of England," said James Hick, Manpower Group Solutions' UK Managing Director.

"Our survey shows that it's going to take a while before we get to a situation where 750,000 new jobs are created, which will trigger a review of interest rates. But it also reveals that 2013 has been a game changing year for the UK jobs market in a number of key sectors."

Manpower said Finance and Business Services employers were showing the most confident signs of hiring, reporting an outlook of +16%.

Manpower Infographic

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