|By Wayne Heilman, The Gazette (Colorado Springs, Colo.)|
The percentage of local employers planning to add staff during the fourth quarter exceeds those planning to cut employment by 14 percentage points, with 19 percent anticipating additional hiring and 5 percent expecting reductions, the survey by Manpower's local office found. The overall employment outlook for the Springs, calculated by subtracting the percentage of employers cutting jobs from those increasing staff, tied with four other cities for ninth highest among the 100 largest metropolitan areas surveyed by Manpower.
Local employers were more optimistic during the June-to-September quarter with 28 percent planning to add staff and 7 percent expecting cutbacks, the most upbeat outlook since the final quarter of 2008 — a survey taken just before the financial crisis hit. A year ago, 13 percent of local employers surveyed said they anticipated additional hiring, while 10 percent said they were expecting employment reductions.
The area's unemployment rate has risen five consecutive months to 9.7 percent in July and local payrolls have declined in both June and July.
The Manpower survey found local job prospects best in construction, manufacturing, retailing, information technology and services, while cutbacks are most likely in education, health care and government. Local employers expect few changes in staff levels in the transportation, financial services and tourism industries.
The outlook in the Springs is slightly more upbeat than the state or the nation. Statewide, 18 percent of employers anticipate additional hiring in the October-to-December quarter, while 6 percent expect reductions, a much stronger outlook than a year earlier. Nationwide, 17 percent of 18,000 employers surveyed expect to hire more staff during the fourth quarter, while 9 percent forecast that payrolls will decline. When those results are adjusted for seasonal changes, employers planning hiring exceeded those expecting cuts by 11 percentage points.
"Despite tumultuous global economies, election uncertainty, record heat waves, health care reform and other challenges, employers indicate that steady but cautious hiring progress will continue through the end of the year," said
Facebook Wayne Heilman
(c)2012 The Gazette (Colorado Springs, Colo.)
Visit The Gazette (Colorado Springs, Colo.) at www.gazette.com
Distributed by MCT Information Services
|Source:||McClatchy-Tribune Information Services|