Boots & Sabers

The blogging will continue until morale improves...

Owen

Everything but tech support.
}

1439, 13 Mar 18

Hiring Outlook Strong for Wisconsin

Excellent.

March 13, 2018 – Employers in Wisconsin expect to hire at a vigorous pace during Quarter 2 2018, according to the ManpowerGroup Employment Outlook Survey. Among survey participants, Wisconsin’s area employment outlook is the second best in the nation.

From April to June, 32 percent of the companies interviewed plan to hire more employees, while 2 percent expect to reduce their payrolls. Another 65 percent expect to maintain their current workforce levels and 1 percent are not certain of their hiring plans. This yields a Net Employment Outlook* of 30%.

“Hiring intentions are stronger compared to Q1 2018 when the Net Employment Outlook was 21%,” said ManpowerGroup spokesperson, Amber Laurent. “The hiring pace is expected to pick up compared to one year ago when the Net Employment Outlook was 22%.”

}

1439, 13 March 2018

9 Comments

  1. Pat

    Great news! The recovery continues!

  2. Jason

    Republican’s efforts are paying dividends for the majority!  Go common sense right wing!

  3. jjf

    Has the ManpowerGroup Employment Outlook Survey been proven to have predictive power?

  4. Mark Hoefert

    The ManpowerGroup Employment Outlook Survey is a coincident indicator – it is reflecting what is currently going on.  Anyone using the deep data would be looking to see what the momentum is. Staffing plans that are currently in play (1st Quarter is winding down) will most likely follow through into the 2nd Quarter, barring some unforeseen economic or other catastrophe not know at this time.   Like the stock market, past returns do not guarantee future results.

  5. jjf

    Yes, I read that, Mark. It doesn’t tell me about its past accuracy or predictive value.  By definition, I don’t think a survey about future plans actually tells “what is currently going on.” It reflects an opinion, not a measurement.

  6. Mark Hoefert

    They survey selected employers and ask them what their staffing plans are in the next 3 months – are they hiring more?  are they laying off? are they maintaining current staffing levels?  Assuming that they are getting honest answers, it should be fairly accurate and predictive.  It is not as if they are asking for predictions 1 to 2 years out.  It’s like asking if you are going to buy a new car in the next 3 months – either you say yes, no, or you don’t know.   Ask a whole bunch of people the same question and one would get a pretty good idea how many cars will be bought in the sample, except for those who changed their plans in the meantime (i.e, you say no new car, then your existing car gets totaled.)

    ,”I don’t think a survey about future plans actually tells “what is currently going on.”

    Yes, indeed it does survey “what is currently going on” – as in asking the employer are you currently adding to staff, or are you currently planning to delete staff, or are you currently planning to not change staffing levels.  I take you don’t know what a coincident indicator is.

     

     

     

     

  7. jjf

    I’m asking for the survey’s track record. Do they publish one? Is it usefully predictive?

  8. Paul

    It’s more useful than a Pamelyn Ferdin stalker page, sock.

  9. Jason

    >I’m asking for the survey’s track record. Do they publish one? Is it usefully predictive?

    If you really cared you would read the statement following the survey that instructs an astute reader how to submit questions about the survey. Maybe try that instead of expecting anyone here to do it for you.

Pin It on Pinterest