The period of time that goes from April to June will be positive for these three countries. Brazil expectations do ...
The period of time that goes from April to June will be positive for these three countries. Brazil expectations do not seem to be matching the relevance of an event as the Football World Cup is. Finally, expectations in Argentina are very low.
According to a survey performed by the American company Manpower, Costa Rica, Colombia and Peru lead the employment expectations in Latin America for the second trimester of the current year.
Manpower periodically applies a survey to over 65.000 employers from 42 countries around the world in order to measure hiring intentions.
As regards Costa Rica, 22 % of employers interviewed indicated that they will “increase their staff in payroll during the period that goes from April to June 2014”. This was established on last Thursday by Alberto Alesi, Operations Manager for Central America and Republica Domincana of Manpower Group during a press conference.
Alesi stated that Costa Rica’s employers maintain stable their intentions of hiring for the period under study, particularly among sectors such as services and commerce.
Colombia and Peru registered a 19% hiring expectation, México 17 %, Panamá 15 %, Brazil 13 %, Guatemala 12 % and Argentina 6 %.
The American company’s study indicates that prospects in Colombia and Peru “remain optimistic and are driven by a strong prediction in Transport/ Utilities and Financial and Insurance and Real State”.
An improvement of the hiring rhythm with positive predictions in most economic sectors and activities in comparison to the previous trimester is expected in Mexico. Expectations are particularly strong within the mining and extraction sector according to the survey.
The greatest hiring expectation in Panama is within the service sector with 27%, followed by transport and communications with 24%, commerce with 15%, manufacture with 11%, agriculture, fishing and mining with 4% and construction with 1%.
According to Alesi, this country also registered a decrease of 7% in comparison with the same period in 2013, which is explained by the ending of some major infrastructure projects and the proximity to general elections on May 4th.
As regards Brazil, preparations for the World Football Cup did not generate the expected hiring increase. However, Alesi stated that employment behavior in this country has been characterized as stable.
Argentina showed the weakest scenery for the third consecutive trimester, given the uncertainty associated with the growing inflation and import restrictions that rise prices and salaries, minimizing opportunities for those searching for a job.
Manpower’s report added that “the reduced optimisms of the employers is aggravated by a disappointing forecast in the industrial sector, where expectations sink to their lowest level since the survey was first conducted in Argentina on 2007”.
Globally, India leads the employment expectation with 41%, followed by Taiwan with 38%, while the country with the lowest expectation is Italy with -7%.
