Added on : 2018-08-06 18:08:13
For the first time in the Narendra Modi-era is the job market seeing an uptick in the hiring sentiment in the July-September quarter, after a continuous fall for at least four years. The July-September period (Q2) is often seen as a subdued quarter for the job market as the construction and manufacturing sectors slow down due to the monsoon, seasonal activities and festivities. The net employment outlook in the second quarter of this year is 17%, higher than last year same quarter’s 15%, ManpowerGroup employment outlook survey showed. This is for the first time since 2014 that the second quarter is seeing a rebound in hiring sentiment, an analysis of ManpowerGroup forecast data show.
The July-September period last year, which was an immediate quarter after the implementation of the Goods and Services Tax (GST), was the least optimistic quarter since 2005, data from the survey showed.