Wednesday AM September 10th, 2008

According to the latest Manpower quarterly survey, weakening market conditions are causing many companies to carefully adjust their hiring in line with demand. But Manpower's Paul Holley says Houston looks better.

"In the October to December period, 40 per cent of the companies that we interviewed plan to add people, while nine per cent expect to reduce their payrolls." Ed: "How does that compare to national figures?" "Well, that's considerable higher than the national average. Of the 14,000 employers surveyed, 22 per cent expect to increase staff levels, while 13 per cent expect to reduce their payrolls."

Holley says Houston's dominance in the energy sector contributes to its healthy hiring intentions.

"Employers in markets with a very heavy exposure to energy exploration and production are much more likely to be in a hiring mode and your outlook is quite rosy. It is down an little bit from the third quarter, but it is up quite a bit from last year at this time. Jobs in the Houston area also look good in durable goods manufacturing, transportation, public utilities, finance/insurance/real estate, education and the services sector."

Manpower statistics are seasonally-adjusted for aspects that might skew them at certain times of the year, such as summer employment for teenagers, Christmas hiring, and other factors, which the Labor Department says leads to a truer picture.

Ed Mayberry, KUHF Houston Public Radio News.

 

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