Job creation will continue to increase starting in April

  • ECO News
  • 16 March 2017

Portuguese employers hope to continue hiring in Spring, having good prospects for all sectors. The Portuguese south region is where most hiring will take place.

Job creation will continue to increase in April: it is expected that, in the second quarter of 2017, there will be a 10% increase in net job creation, two times more than what was predicted for January, February an d March. These estimates are made by the ManpowerGroup; the Employment Outlook Survey, disclosed this Tuesday, also predicts that large enterprises in Portugal will boost job creation by 18% this quarter, especially in the South region of the country.

Among employers surveyed by the ManpowerGroup, 81% predicted maintaining their current number of hires, 12% anticipated to increase it and 2% believed there would be a reduction, which is a more optimistic forecast than the one made in the beginning of the year, and one which should have other positive impacts.

"If to this projection we add up the analysis of interest rates trends disclosed by the European Central Bank, we can expect a positive effect on the increase of the country’s Gross Domestic Product.”

Nuno Gameiro

Country Manager, ManpowerGroup Portugal

Manpower Employment Outlook Survey projects, for the second quarter of 2017, that we will continue to witness a positive trend in employment in Portugal“, states Nuno Gameiro, the country manager in ManpowerGroup Portugal, in the company’s statement. “Net job creation will have a 10% increase, which will surely have a positive effect on private consumption, with direct impact for the Portuguese economy”, he assures. “If to this projection we add up the analysis of interest rates trends disclosed by the European Central Bank, we can expect a positive effect on the increase of our Gross Domestic Product“, he adds.

All sectors foresee improvements in hiring, but the most significant will be witnessed in Finance, Insurance, Real Estate and Services, where “net job creation will be 19%”. The sectors in which there will be less of an improvement is in Industry (2%) and in the Public sector (4%).

“When compared to the projections made for the previous quarter, job creation will grow at double the speed, and seasonality explains the shift in sectors hoping to create more employment”, Nuno Gameiro also states.

PUB