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Solid Job Market is Forecasted for the Third Quarter of 2019 for Chicago-Naperville- Joliet, IL-IN-WI MSA as U.S. Employers Report the Strongest Outlook in 13 Years

MILWAUKEE, WI (March 10, 2020) — Chicago-Naperville-Joliet, IL-IN-WI MSA employers plan to hire at an optimistic pace in Q2 2020 with an Employment Outlook of 22%*, according to the ManpowerGroup Employment Outlook Survey (NYSE: MAN). Among employers surveyed, 24 percent plan to hire more employees from April through June. This number is offset by the 2 percent that plan to reduce payrolls while 71 percent of employers expect to maintain current staff levels and 3 percent indicate they are not sure of their hiring plans. This yields a Net Employment Outlook (NEO) of 22 percent.   “Compared to Q1 2020 when the Net Employment Outlook was 14 percent, Chicago-Naperville-Joliet, IL-IN-WI MSA employers have reported a stronger hiring pace,” said Tom Mihelic of Manpower. “When looking at year-over-year expectations, hiring intentions have picked up from when the Outlook was 13 percent.”   For the coming months of April – June, employers are optimistic to hire in Construction, Durable Goods Manufacturing, Transportation & Utilities, Wholesale & Retail Trade, Information, Financial Activities, Education & Health Services, Leisure & Hospitality, and Other Services. In contrast, local employers expect a decrease in payrolls in Nondurable Goods Manufacturing.Professional & Business Services and Government job prospects remain unchanged.