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Hiring forecast is 'flat' for Triangle, survey finds

Posted March 8, 2011

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— People looking for work or a new job may not have as many opportunities as they might think, even as the local, state and national unemployment rates are dropping.

Staffing firm Manpower predicts a “flat job market” in the Triangle for April through June.

Statewide, North Carolina has one of the worst hiring forecasts, Manpower adds.

Unemployment in the Triangle stood at 7.7 percent, and the statewide rate was 9.7 percent in December. January data will be released on Thursday, according to the North Carolina Employment Security Commission.

Manpower bases its employment forecasts on surveys of companies.

In the Triangle, 11 percent of firms surveyed plan to add jobs this spring while 11 percent plan cutbacks. The net employment outlook of “0” compares to a net increase of 10 percent for the first quarter of the year and 16 percent for the second quarter last year.

Most firms – 72 percent – expect staffing to remain the same. The remaining 6 percent were unsure.

“Employers are much less confident about hiring plans for the second quarter of 2011 compared to Quarter 1,” said Manpower Triangle executive Michael Doyle.

“Employers foresee significantly weaker staffing plans compared to one year ago,” he added.

Job prospects are best in financial activities, professional and business services and leisure and hospitality, Manpower said.

Statewide, a net 5 percent of employers expect to add jobs. That’s a slight increase from 4 percent in the previous quarter.

Nationally, Manpower said a net 8 percent of employers are planning to hire this coming quarter.

NCSU economist disagrees

Michael Walden, an economist at North Carolina State University, said he “respectfully disagrees” with the Manpower findings.

“I project an improving job market, both nationally and in the Triangle,” he said. “Consumers and businesses are beginning to spend more.

“Sales of technology products are especially up - and, of course, this is a very important sector to the Triangle.”

Walden said gas prices are a source of concern, but he pointed out that his review of data, not interviews or surveys, point to economic growth.

“Despite increasing gas prices, I am seeing a growing economy,” Walden said.

He forecasts a 2.5 percent increase in jobs in the Triangle this year and an overall decline of half a percentage point in the state’s jobless rate.

Walden added two caveats, however.

“Two potential drags on the Triangle economy are state funded jobs, which may be reduced as a result of the tighter state budget, and the sputtering housing market,” he said. “But outside firms continue to look at the Triangle as one of the strongest growth markets (the recent Census numbers support this), so I project that overall, the Triangle job market in 2011 will be the strongest since 2007.”

73 Comments

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  • Bring on the 4 Dollar Gas Mar 8, 2011

    wasn't it ManWomanPower that said the opposite last week? Why yes, yes it was.

  • whatelseisnew Mar 8, 2011

    "why are they getting stats from Manpower, a temp agency of all places, a corp that prospers from denying employees the ligitmate opportunities of becoming a full-time employee?"

    Because demand for Manpower resources is an indicator of demand for employees. Frequently after a downturn companies will initially pull in temp workers as a hedge against uncertainty in the economy. So higher demand of Manpower people is an initial positive. YOur complaint about counties outside the triangle. Welllllllllll part the reason that the area is so heavily populated is in fact the higher availability of good jobs. You want to live elsewhere, that is fine. Everything has its tradeoffs.

  • whatelseisnew Mar 8, 2011

    "We are hiring. Get off GOLO everyday and yuo might find a job!!!"

    What are the jobs? What are the salary and benefit amounts?

  • bcsutton1 Mar 8, 2011

    Let's see now. I had 3 face-to-face interviews last week. I got a phone interview later this week. Sorry Mr. Manpower but NCSU Economist has a more accurate prediction.

  • whatelseisnew Mar 8, 2011

    So they are only going to hire FLAT people? I do not think I have ever seen a Flat person.

  • golorealist Mar 8, 2011

    "Statewide, North Carolina has one of the worst hiring forecasts, Manpower adds."

    hahaha, really? statewide?

  • NCSU2311 Mar 8, 2011

    People looking for work or a new job may not have as many opportunities as they might think, even as the local, state and national unemployment rates are dropping.

    The unemployed could have told you that. We are out there and know the truth.
    wildcat
    March 8, 2011 4:14 p.m.
    Report abuse

    We are hiring. Get off GOLO everyday and yuo might find a job!!!

  • Caveman93 Mar 8, 2011

    Our Goose is cooked people!
    http://www.cnbc.com/id/41969508

    Government payouts—including Social Security, Medicare and unemployment insurance—make up more than a third of total wages and salaries of the U.S. population.

  • wildcat Mar 8, 2011

    People looking for work or a new job may not have as many opportunities as they might think, even as the local, state and national unemployment rates are dropping.

    The unemployed could have told you that. We are out there and know the truth.

  • ThomasL Mar 8, 2011

    Good hope it stays that way,will keep more people from state hopping and taking away what open farmland and woods we DO have left.All these outofstaters do is move here and when the job market falls,they high tail it out of here leaving more homes to sit vacant with less land left to enjoy and see.

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