Here is the Economist with a graph from a survey of global employment.
According to the Economist, (bold highlights mine)
``IN 27 out of 36 countries surveyed by Manpower, an employment-services firm, more companies said they expected to add jobs in the three months to the end of June than said they reckoned on reducing their workforce. The difference between the proportion of hirers and firers was highest in Brazil and India. Throughout Asia companies have become more optimistic about hiring than they were a year ago, most dramatically in Singapore but only slightly in Japan. Things look less rosy in Europe. In several countries, including Spain and Ireland, more companies expect to see cuts to their workforce than expect it to grow. Of the four countries where the outlook has darkened, three are in Europe."
My comment:
Again Asia and Emerging markets are likely to see more meaningful improvements on their domestic job markets compared to OECD economies. Such variance is especially amplified when compared to Europe.
As what we've been previously saying; fundamentally, the driving force of the macro picture appears to have shifted from the core (US and OECD) to the periphery (Emerging Markets).
According to the Economist, (bold highlights mine)
``IN 27 out of 36 countries surveyed by Manpower, an employment-services firm, more companies said they expected to add jobs in the three months to the end of June than said they reckoned on reducing their workforce. The difference between the proportion of hirers and firers was highest in Brazil and India. Throughout Asia companies have become more optimistic about hiring than they were a year ago, most dramatically in Singapore but only slightly in Japan. Things look less rosy in Europe. In several countries, including Spain and Ireland, more companies expect to see cuts to their workforce than expect it to grow. Of the four countries where the outlook has darkened, three are in Europe."
My comment:
Again Asia and Emerging markets are likely to see more meaningful improvements on their domestic job markets compared to OECD economies. Such variance is especially amplified when compared to Europe.
As what we've been previously saying; fundamentally, the driving force of the macro picture appears to have shifted from the core (US and OECD) to the periphery (Emerging Markets).
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