Global Employment Outlook

Global Employment Outlook According to Manpowers Global Employment Outlook, hiring across the globe is down significantly, as reported inForbes magazine article, Worlds 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 years13%. 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 andBelgium. 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.