Employment is one of the most important key performance indicators of the economy. For over twenty years the Caden Corporation SA is studying the employment market. Just recently they published their employment outlook analysis for the second quarter 2012.
The analysis shows evidence of “three issues in framing the current employment sentiments”. On the downside, the Euro crisis, the longer term global impact of China’s slowing economy; on the upside, the US employment outlook, which is raising hopes of a positive impact on globally.
According to the survey, European employers’ employment outlook for the second quarter in the coming year strengthens slightly from the previous quarter. A few European countries with Germany on the top show positive evidence (this includes France and the UK). However, comparing Spain with the mentioned economies, the outlook is not very promising.
Germany (above) compared with Spain (below) (click the graphs to enlarge)
As a whole less than a third of the surveyed employers report stronger hiring intentions in the second quarter of 2012 as compared to a year ago. These include countries in both development and high-income countries. Focusing Europe, the latter include for instance Austria, Sweden and Norway.
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*) The Caden Corporation SA was founded in 1991 and offers services and advice on administrative, legal and economic issues, especially in the field of labor legislation, government policy, social policy, management and human resource development.