Used internationally as a bellwether of economic and labor market trends, the Net Employment Outlook – calculated by subtracting the percentage of employers who anticipate reductions to staffing levels from those who plan to hire.
In Q2 2023, employers expect to increase staffing levels at the same rate as last quarter, based on the seasonally adjusted Net Employment Outlook (NEO) that remained at 23 points. In comparison to the previous quarter (28%), the percentage decreased by 7 points, whereas compared to the second quarter report of the previous year (19%), it increased by 1 point.
As a result, the Transport, Logistics, and Automotive sectors, as well as Health and Life Sciences, are forecasting the most optimistic results (+29%), while the Energy & Utilities (6%) and Industry & Construction (12%) sectors are holding back expectations slightly.
The most positive employment targets for the second quarter are observed in Panama (+41%), Costa Rica, and Guatemala (38%).
When examining employment prospects, it is evident that larger organizations (with over 250 employees) are more than twice as optimistic as organizations of other sizes, with a 14% difference.
Overview of Employment Outlook for the 2nd Quarter of 2023
According to a survey conducted before the earthquakes in Türkiye, employers in the country are expecting an active hiring environment with a Net Employment Outlook (NEO) of 21% in the second quarter of 2023.
Businesses expect NEO to worsen by -7 points compared to the previous quarter, but to strengthen by 2 points compared to the same period last year. With this score, Türkiye is positioned in the upper half of the ranking and is 3 points above the regional average for employment Outlook.
Please click here to download the 2021 Second Quarter Employment Outlook Survey results and details.