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Demand Buffered By Uncertainty Continues to Plague U.S. Employers, ManpowerGroup Reports

Demand Buffered By Uncertainty Continues to Plague U.S. Employers, ManpowerGroup Reports
U.S. Bureau of Labor Statistics Indicate A Slow Summer Hiring Pace

ManpowerGroup has  reported that the overall June jobless rate stayed at 8.2 percent, May's rate. The U.S. private sector added 80,000 new jobs last month, while May's jobs figure was revised up from 69,000 to 77,000.

More than half last month's job growth was generated by professional and business services, which added 47,000 jobs — with temporary workers accounting for 25,000 of this sector's increase.

"We remain in a unique long period of unemployment and underemployment, during which skills requirements are moving fast," said Jeffrey A. Joerres, ManpowerGroup Chairman and CEO. "We still have demand, but employers face heaping amounts of uncertainty that stems from what's happening with Europe, China, Obamacare, the upcoming U.S. general election, etc."

Job creation blueprints that ManpowerGroup endorses include the HR Policy Association's U.S. Blueprint for Jobs in the 21st Century and the Business 20 (B20) Task Force on Employment master plan for boosting global employment. These plans identify public-private sector initiatives for upskilling and placing talent into growing industry sectors. A co-chair on the new B20 task force, Joerres delivered its priority actions to the G20 last month.

"Stakeholders in the U.S. economy cannot wait for jobs to be created," Joerres added. "All employers, educators and levels of government, and individuals play a critical role in creating jobs. The right blueprint and scalable model initiatives exist. What's needed is for businesses, educators and governments to intricately collaborate in mapping how to sustain the U.S. talent pipeline."

According to ManpowerGroup's 2012 Talent Shortage Survey results, 49% of U.S. employers struggle to fill mission-critical positions. Skilled trades, engineering and IT positions continue to place on this list year after year.

Also, 56% of employers, worldwide, indicate unfilled positions are expected to have little or no impact on key constituents, such as customers and investors. This proportion has grown considerably worldwide from 36 percent in 2011 to 56 percent in 2012.


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