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The labor market has been steadily cooling throughout the year, but employers are more optimistic about hiring this quarter, according to ManpowerGroup’s latest employment outlook survey.
Hiring outlook among US employers increases. ManpowerGroup surveyed 6,300 US employers about their hiring intentions for Q4 2024, and found the net employment outlook (NEO)—calculated by subtracting the share of employers planning layoffs from those planning to hire—increased by four percentage points from the last quarter, to 34%. The NEO decreased year-over-year, by two percentage points.
Despite recent Bureau of Labor Statistics data that showed employers added fewer jobs than originally estimated this year, “I still