Hudson: Hiring intentions fall

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Hudson has released its quarterly hiring intentions survey and the results are mediocre:

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  • Positive hiring intentions dipped slightly across Australia, down 0.1pp quarter in quarter to 23.3%
  • NSW has the highest positive hiring intentions this quarter, moving from 4th to 1st place, up 5pp to 27.9%
  • For the second quarter running, Professional Services has the highest proportion of employers expecting to increase headcount, up 3.2pp to 40.9%
  • The Government sector is keeping staffing levels steady this quarter, with 14.6% looking to increase headcount and the same percentage of employers looking to cut staff
  • The Legal profession topped the chart this quarter with 39.6% of employers looking to increase headcount in Q2, followed by Financial Services and Office Support
  • On the other hand, Technical & Engineering dropped by a considerable 12.6pp, bringing this profession to the bottom of the list, with 28.9% of employers surveyed looking to decrease staffing levels in Q2

No boom there but a little rebalancing at least:

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  • For the second quarter running, Professional Services has the highest proportion of employers expecting to increase headcount, up 3.2pp to 40.9%
  • Information Technology and Financial Services/Insurance came second and third, at 33.5% and 29.2% respectively
  • Positive hiring intentions in the Manufacturing sector increased this quarter by 4pp to 14.8%, with the majority looking to keep headcount steady
  • One in five employers surveyed in the Resources and Mining sector are looking to decrease their headcount, up 9.5pp versus last quarter
  • The Government sector is keeping staffing levels steady this quarter, with 14.6% looking to increase headcount and the same percentage of employers looking to cut staff

Same, same.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.