More Portuguese employers plan to hire this quarter, and Centro is way out in front
ManpowerGroup's net employment outlook for Q4 rises to +32%, up 14 points on the previous quarter, with industry, construction and the Centro region leading hiring intentions.
Anyone job-hunting has reason to look at the year’s final quarter with a bit more hope. ManpowerGroup puts Portugal’s net employment outlook at +32% for October through December, up 14 points from the previous quarter and 19 above the same period last year. Of the employers surveyed, 44% plan to grow their teams, 44% plan to hold steady, and only 12% expect cuts.
The survey, run across 42 countries and territories, finds manufacturing at the top of hiring intentions in Portugal, at +40%, the highest in four years. Construction and real estate follow at +39%, finance and insurance at +35%, and commerce and logistics at +34%. At the other end, utilities and natural resources (+16%) was the only sector to pull back from the previous quarter.
Where the jobs are
By region, Centro leads by a wide margin: +50%, the strongest net hiring outlook in the country. Greater Lisbon follows at +40%, the South at +26%, Greater Porto at +24% and the North at +21%. Large companies, with up to 1,000 employees, point to +40%, ahead of small and medium firms at +36% and +35% respectively.
That contrast helps explain why hiring remains so hard specifically in the Centro region, where demand for workers is growing faster than the available supply. Globally, the outlook sits at +29%, up two points from the prior quarter, so Portugal, at +32%, sits above the world average and well above Europe’s +20%. The figure measures intentions, not hires: it is the gap between the 44% of employers planning to grow and the 12% planning to cut.
Chart: Tugadaily, based on ManpowerGroup data