According to Manpower’s Global Employment Outlook, hiring across the globe is down significantly, as reported in Forbes magazine article, World’s Worst Places To Get A Job. Hiring in the U.S. grew at 18% in the fourth quarter last year and is expected to drop to 9% for the same period this year.
Even China will see a drop in hiring expected to grow 12% this year over last years 13%. The largest decline was in Singapore where hiring grew 53% in the fourth quarter last year and is expected to be 25% this year. Japan, the U.K. and Spain are all expected to drop.
However, small growth in hiring is expected in the Netherlands, India and Belgium.
A further report in Business Week from Monster Worldwide Inc. said its employment index, which measures online recruitment activity, rose to 159 last month from 157 in July. Year-over-year the index has remained down 14%.
Online job availability has increased in both the utilities and mining industries and a significant decline was seen in the agriculture, forestry, fishing and hunting industries.