Terre Haute area employers expect to hire at a steady pace during the second quarter of 2004, according to the Manpower Employment Outlook Survey.
Brian Deakins, of Spun Metals, says that his company has already hired two people this quarter. While he did not participate in the survey, he said that the company's outlook for upcoming quarters is good.
"We're not looking to hire any more people this quarter," he said. "The second or third quarter is looking strong, though."
From April to June, 13 percent of the companies interviewed plan to hire more employees, while none intend to reduce their workforce, according to Manpower spokesperson Lori Leo. Another 87 percent expect to maintain their current staff levels.
"The Terre Haute area employment outlook is significantly stronger than the first quarter forecast, when 3 percent of the companies interviewed predicted an increase in hiring, and 33 percent planned to decrease their hiring pace," Leo said. "Job market projections are more optimistic than last year at this time, when 10 percent of companies surveyed thought employment increases were likely and 13 percent intended to cut back."
For the coming quarter, job prospects appear best in durable goods manufacturing, wholesale/retail trade, education, and services. Hiring in construction, non-durable goods manufacturing, transportation/public utilities, finance/insurance/real estate and public administration are expected to remain unchanged.
The national results of the survey reveal that U.S. employers expect the seasonally adjusted hiring pace from April to June to be stronger than it has been since the first quarter of 2001.
Of the 16,000 U.S. employers that were surveyed, 28 percent said they plan to increase hiring activity for the April to June period, while 6 percent expect a decrease in employment. Another 62 percent of employers forsee no change in hiring, and 4 percent are uncertain of their staffing plans. When the seasonal variations are removed from the data, the outlook for the second quarter is more positive than it was last quarter and is nearly twice as strong as it was last year at this time. This marks the third consecutive quarter of increased hiring activity.