Upbeat Hiring Swing Expected in Fourth Quarter 2016

by Bailey Tripp | Sep 16, 2016

The St. Louis metropolitan area continues to see its intended hiring rates climb as the fourth quarter approaches. Not only are more employers expecting to hire more employees, but increased hiring plans in the financial services, health services, transportation and utilities and manufacturing industry clusters shows that the region is progressively growing stronger.

According to the Manpower Employment Outlook Survey, the area is expected to see a healthy hiring increase during the final quarter of 2016. Overall, St. Louis’ Net Employment Outlook of 20% -- the strongest fourth quarter in the decade so far.

Additionally, the current Net Employment Outlook outranks 75 of the nation’s largest metropolitan areas and outpaces the national Net Employment Outlook average.

The 20% Net Employment Outlook breaks down as such: 21% employers expect to hire more employees, 74% will maintain their staff levels, 4% are unsure of their plans and 1% percent plan to make staff cuts. Although the rates fluctuate from quarter to quarter, planned employment has steadily increased since the first quarter of 2013 and continues to grow stronger as the decade progresses.

As the region’s hiring expectations increase, so does the strength in key industry clusters. The Manpower Survey notes that the region' positive growth is specifically noticeable not only in the financial services, health services, transportation and utilities and manufacturing sectors, but also in the construction, government, leisure and hospitality industries.