"Employers in Western Cape report the strongest hiring plans with a Net Employment Outlook of +13%. Elsewhere, modest payroll gains are anticipated in Free State and Eastern Cape, with Outlooks of +6% and +5%, respectively, while Outlooks of +4% are reported in both Gauteng and KwaZulu-Natal," the survey said.Several provinces saw a decline in outlook from the previous quarter though, including the Western Cape. The year-on-year results however do show an increase in confidence. The provinces with the lowest outlooks were Gauteng and KwaZulu-Natal.
"Hiring intentions remain relatively stable when compared with the previous quarter and are 7 percentage points stronger year-over-year."Employers at restaurants and hotels placed second highest for their employment outlook. Other relatively optimistic industries include manufacturing and finance, insurance and real restate. The outlook for the construction industry isn't as confident though, with the industry actually having a Net Employment Outlook (adjusted) of -4%. This means employers in the industry on average are expecting a decline in staff numbers.
"Job seekers can expect a downbeat labour market in the next three months…The Outlook declines by 7 percentage points quarter-over-quarter but is 5 percentage points stronger year-over-year," the survey says of the construction industry.We will have to wait until the next quarter's report to see just how much other industries' confidence was hit by the junk status downgrade.