T&L leads employment outlook

T&L leads employment outlook

Hiring intentions in the Transport & Utilities sector are the most robust in the country and the strongest in more than seven years, according to the latest results from the ManpowerGroup Employment Outlook Survey. The survey collects data from over 59,000 employers in 43 countries, including over 1,500 in Australia.

The sector has reported a Net Employment Outlook (NEO)[1] of +23% for the final three months of 2018. This is nearly double the same time last year (+13%) and the strongest outlook recorded since 4Q11.

Transport & Utilities – Net Employment Outlook, Q1 2011 – Q4 2018

The latest analysis reveals the sector has the most optimistic employment outlook in the country and is nearly three times as strong as the weakest sector for 4Q18 (Wholesale & Retail Trade).

[1] The Net Employment Outlook is calculated by subtracting the percentage of employers anticipating a decrease in hiring activity from the percentage of employers anticipating an increase in employment. Seasonal adjustment is then applied to the data.

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