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Analysts expect hiring to increase to increase in Q2 2014

Posted on March 19th, 2014 Read time: 1 minutes

According to a new survey conducted by Bloomberg, employers are looking to hire more workers in the second quarter of 2014. In regards to hiring, 33 percent of survey respondents believe they will be adding more workers, including full-time and temporary workers, to their businesses in the second quarter. This projection is up from the 27 percent figure from the first quarter of 2014 and 29 percent from the second quarter of 2013.

Among the sectors that feel that they will add more employment are office and clerical businesses. According to the survey, 18 percent of the respondents in these industries believed they will be expanding their workforces over the next three months. This figure is up from the 12 percent perception from the last two quarters.

Technical and professional workforces also believe they will hire more employees in the second quarter. Twenty-five percent of industry respondents said they will hire more employees, a 6 percent increase from the previous quarter and 5 percent from the same time period a year ago.

Layoffs and other cuts should decline during the second quarter of 2014. Nearly 5 percent of respondents said they would cut technical and professional jobs in April and May, while 3 percent said cuts would come on the production and service level. Although layoffs are never a sign of a strong workforce, planned cuts for technical and professional jobs have not been close to double-digit figures for more than three years. ManpowerGroup President Jonas Prising said in a statement staff cuts over the next quarter may be the lowest they have been in years.

"Although we expect measured, stable growth in new hiring for the coming quarter, the good news is that employers anticipate the lowest rate of workforce reductions in nearly four decades," Prising said.

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