Labor market Swiss companies express fewer hiring intentions

In view of the difficult economic situation, Swiss companies are expecting the employment situation to become somewhat gloomier. The pace of recruitment is expected to slow in the fourth quarter of 2024, particularly in the financial and real estate sectors.

This is the conclusion of a study published on Wednesday by recruitment agency Manpower. According to the analysis, the companies surveyed expect a net employment outlook of 32%. This represents a decrease of 2 percentage points compared to the previous quarter and 6 percentage points compared to the same quarter last year.

Positive employment prospects are expected above all in the information technology sector. The continuing momentum of the ongoing digital transformation and the increasing introduction of technology solutions in all sectors are helping here, the report continues.

According to Manpower, the outlook is also good in the consumer goods & services sector. The upcoming major shopping events such as Black Friday and the Christmas holidays will have a supportive effect here and boost demand and recruitment.

In contrast, the mood in the financial and real estate sector is rather gloomy. Since the last quarter, the rate of recruitment in these sectors has fallen by 21 percentage points.

SDA