Stay up to date with workforce trends and information on our region’s economic outlook.
An increase in payrolls is expected in 31 percent of Midwest businesses surveyed during the coming quarter, while 2 percent of employers expect a decrease and 64 percent anticipate no change. The resulting Net Employment Outlook stands at +29%. Once the data is adjusted for seasonal variation, hiring prospects are moderately stronger in comparison with the prior quarter. In a comparison with 3Q 2020 – when COVID-19 first had an impact on hiring sentiment – the Outlook is considerably stronger.
Hiring prospects are considerably stronger in four of the Midwest industry sectors when compared with the previous quarter: Education & Health Services, Information, Durable Goods Manufacturing and Other Services.
Midwest employers in four industry sectors report a moderate quarter-over-quarter improvement in hiring plans: Construction, Financial Activities, Government and Transportation & Utilities.
Employers report slightly stronger hiring sentiment in four Midwest industry sectors when compared with the second quarter of 2021: Leisure & Hospitality, Nondurable Goods Manufacturing, Professional & Business Services and Wholesale & Retail Trade.