A recent survey has found that hiring within the United States is likely to remain stable during the second quarter of 2016. When it comes to Los Angeles and the West Coast, however, hiring is expected to be a bit slower when compared to other areas around the country.
Examining the Survey
Manpower Group recently conducted a survey, called the Manpower Employment Outlook Survey, which took a closer look at the hiring practices and plans of more than 11,000 U.S. employers. The survey found that approximately 22 percent of those surveyed were planning to higher more employees during the second quarter. This figure is the same as it was for the second quarter of 2015 while being two percent higher than the first quarter this year. On the other end of the spectrum, only four percent of those surveyed expect to experience workforce reductions while a solid 72 percent do not expect to see any changes in their hiring plans.
When taking into consideration seasonal variations, the net outlook for the second quarter is 16 percent. The net outlook is determined by subtracting the percent of employers who are planning layoffs from the percent of employers who are planning to hire. 16 percent is a relatively stable figure when compared to the first quarter of 2015 and the second quarter from last year.
Breaking Down the Figures
When considering various regions throughout the country, some areas are doing a bit better than others. In the Midwest, South and Northeast, hiring is expected to remain relatively stable. Employers in the West, on the other hand, expect to see a slight decrease in hiring. Furthermore, when compared to the same time last year, employers in the West are reporting a slightly weaker outlook while those in the Northeast, South and Midwest expect the hiring pace to be relatively stable.
Overall, 22 percent of employers in the West expect to experience job growth as 4 percent expect to see a drop in employment levels, for a net employment outlook of 18 percent. 20 percent of companies in the Los Angeles area plan to add workers while 5 percent plan to reduce jobs. Meanwhile, 70 percent expect their staffing levels to remain steady. This gives the Los Angeles area a net outlook of 15 percent.
On the national scale, U.S. employers have reported a positive outlook in all 13 of the industry sectors that are included in the survey. Leisure & hospitality is reporting a net gain of 31 percent, while wholesale & retail trade is reporting 22 percent. Transportation & utilities is reporting 19 percent while professional & business services is reporting 18 percent. Among the 100 largest metropolitan statistical areas, Charlotte, North Carolina; Omaha, Nebraska; Albany, New York and Boise, Idaho have the strongest job prospects. On the other end, those areas with the weakest prospects are Youngstown, Ohio; Akron, Ohio; Baton Rouge, Louisiana and Las Vegas, Nevada.
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(all data current as of 5/29/2017)
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