A Publication of WTVP

Peoria area employers expect to hire at a steady pace during the third quarter of 2007, according to the Manpower Employment Outlook Survey.

From July to September, 23 percent of the companies interviewed plan to hire more employees, while 10 percent expect to reduce their payrolls, according to Manpower spokesperson Doug Orear. Another 67 percent expect to maintain their current staff levels.

“Peoria area employers have stronger hiring intentions than in the second quarter when 13 percent of the companies interviewed intended to hire additional employees, and 7 percent planned to reduce staff levels,” said Orear. “Employers are also slightly more confident about hiring than they were a year ago when 10 percent of companies surveyed planned to add staff and none anticipated a reduction in payrolls.”

For the coming quarter, job prospects appear best in Finance/ Insurance/Real Estate and Services. Employers in Construction and Durable Goods Manufacturing voice mixed hiring intentions, while hiring in Non-Durable Goods Manufacturing, Transportation/ Public Utilities, Wholesale/Retail Trade, Education and Public Administration is expected to remain unchanged.

In the United States, the third quarter hiring pace is expected to remain unchanged from the April–June period, according to the seasonally adjusted survey results. This stability comes after three consecutive quarters of slight declines in employer confidence levels.

Among the 14,000 U.S. employers surveyed, 29 percent foresee an increase in hiring activity, and 7 percent expect a decline in staff levels during Quarter 3 2007. Fifty-eight percent anticipate no change in the hiring pace, while 6 percent are undecided about their July–September hiring plans. IBI