Mexican employers report steady hiring plans for the fourth quarter, according to a survey by ManpowerGroup Inc. (NYSE: MAN). Payrolls are expected to increase by varying margins in all seven regions and all seven industry sectors.
The survey found 16% of employers in Mexico forecast an increase in staffing levels in the upcoming quarter; 3% anticipate a decrease, 80% expect no change and 1% are unsure. This yields a net employment outlook of 13% on a seasonally adjusted basis — an increase of two percentage points compared to the similar survey conducted last quarter.
“After the elections, investors are beginning to show more confidence,” said Monica Flores, president for ManpowerGroup Latin America. “However, they are still waiting for the implementation of the new proposals to determine the impact on their organizations, before making additional hirings.”
Flores stated that ManpowerGroup Latin America continues to hear optimistic hiring intentions from many industries.
Employers in the mining and extraction sector report the most optimistic hiring intentions for the fourth quarter. The net employment outlook, seasonally adjusted, by sector:
- Mining and extraction: up 17%
- Transport and communication: up 15%
- Manufacturing: up 15%
- Services: up 12%
- Agriculture and fishing: up 12%
- Commerce: up 11%
- Construction: up 9%
Employers in the Northwest, North and Center regions report the strongest hiring intentions, with steady net employment outlooks of 14% each.
ManpowerGroup’s employment outlook survey data include responses from 4,804 employers in Mexico.