Most sectors hit as employers put brake on hiring new staff
THE outlook looks bleak for job seekers in the first three months of 2012, with only 1pc of employers saying they plan to hire.
And, according to a survey by recruitment company Manpower, 6pc anticipate letting employees go between the months of January and March next year.
However, survey of more than 600 employers, across five regions and 11 industry sectors, contained some good news for existing employees. More than 90pc of employers say they intend to keep their workforce intact over the next three months.
But the pharmaceutical, restaurant and hotel, and transport, storage and communication sectors are all forecasting a downward trend.
Similarly muted hiring activity is anticipated by employers in the retail industry, who expect to be down by 4pc on this time last year. Meanwhile, the finance and business sector forecasts a 3pc reduction in hiring activity compared to the same period last year.
Employers in the manufacturing and agriculture sectors predict some growth. Only employers in Leinster and Munster predict a slight pick-up in the recruitment rate in the first three months of next year.
A 2pc increase is predicted in the Leinster region in the first quarter of next year, which is the most optimistic forecast reported in the region since 2008. Munster employers also report a cautious pickup of 1pc increase, an improvement of by 8pc compared to the same time last year.