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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Australia China India Indonesia Japan Malaysia Philippines Thailand Vietnam Search Search: Employers plan to further slow hiring -- Manpower Reuters - 2 hours 29 minutes ago TOKYO, Dec 9 - Employers globally expect to slow their hiring in the three months to March, a quarterly survey by Manpower Inc showed, adding to the pain from the financial crisis that has already put much of the rich world into recession. The staffing firm's quarterly survey of over 71,000 firms in 33 economies -- coming a few days after a bleak U.S. jobs report -- showed employers in 30 of them expect weaker recruitment, noticeably in the Asia-Pacific region. "The vast majority of employers are telling us that they will take a 'wait and see' approach before hiring or further reducing staff," Jeffrey Joerres, chairman of Manpower <MAN.N>, said in a report. "Unless they see more positive economic signals ... it will be a rougher road for job seekers." Employers in all but three economies surveyed -- Canada, the United States and Switzerland -- expect to slow the pace of hiring from the final quarter this year, Manpower said. Singapore and Taiwan were among the 21 economies that saw employers reporting the weakest hiring plans in the survey's history, with those planning to job cuts outnumbering those expecting jobs to increase. The seasonally adjusted net employment outlook index -- which measures the gap between employers who plan to add jobs and those who expect to cut them -- showed negative readings in those economies, as well as in Britain, France, Italy, Spain and Ireland. The U.S. net employment outlook was up one point at 10, marking the first increase in five quarters, but it was down from 17 a year ago, illustrating the U.S. job market slowdown. The Labor Department said on Friday U.S. employers axed 533,000 jobs from payrolls in November, the most in 34 years, as the year-old recession hammered the economy, and the unemployment rate hit 6.7 percent, the highest since 1993. [ID:nN05431090] Outlooks in 24 other economies including Japan also declined from the same quarter a year before. The index fell sharply among employers in the Asia-Pacific region, with the reading for Singapore down 56 points from the previous quarter to minus 31 and the indices for India and Taiwan falling 24 points each to plus 19 and minus 1 respectively. Manpower's survey dates back to 1962 when it first started in the United States and Canada, before launching polls in other economies. The Milwaukee-based company does business in 80 countries and generates the bulk of its sales and profits outside the United States. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Asia Pacific Sri Lanka says 9 rebels killed in attacksAP - 22 minutes ago Envoys gloomy as talks resume on NKorea nuclear driveAFP - 49 minutes ago Sri Lanka say troops poised to take rebel HQAFP - 57 minutes ago NKorea nuke talks focus on verifying past activityAP - 1 hour 52 minutes ago England cricketers arrive in India amid high securityAFP - 2 hours 3 minutes ago Most Popular – Asia Pacific Viewed Financial crisis tipped to cut cost of air travel Climate change: Sci-fi solutions no longer in the margins Oil price falls below $40 Vinnie Jones gets into bar fight over role in X-Men Girl, 8, among 17 dead in Manila shoot-out: police View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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