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Job Forecast for Q4 2013: What You Can Expect

Job forecast for Q4Some things change dramatically over the course of a year. For instance, today we are beaten over the head daily with videos of celebs and regular people twerking, but who had even heard of it last fall? Also, the term “duck dynasty” likely conjured up images of stately-yet-friendly aquatic birds a year ago, not a bearded, bandana-wearing reality television family. And then there are things that remain somewhat consistent a year later, like the Q4 2013 job market.

According to CareerBuilder’s Q4 2013 U.S. Job Forecast, 1 in 4 employers say they intend to hire full-time workers over the remainder of the year, which is virtually unchanged from this time last year.

Meanwhile, 9 percent say they anticipate downsizing staff, also the same as last year; 61 percent expect hiring to remain unchanged and the remaining 5 percent are undecided.

The national survey conducted by Harris Interactive on behalf of CareerBuilder took into account responses from more than 2,000 hiring managers and HR professionals across industries and company sizes.

In a statement, CareerBuilder’s CEO Matt Ferguson weighed in on a hiring trend we are continuing to witness even during this time of economic uncertainty: “Consistent hiring has been the theme throughout this jobs recovery … Companies will continue to produce an even stream of new jobs in the fourth quarter as they assess their positioning and prospects for the coming year.”

Top Hiring Trends You Need to Know

Here’s a complete breakdown of some hiring trends we have pinpointed based on this forecast:

  • Hottest Industries. The following industries are expected to outperform the 25 percent national average in terms of hiring this quarter: IT (36 percent); financial services (32 percent); and manufacturing (30 percent).
  • Temp Trend? Will temporary hiring be up or down this quarter? Neither, as it turns out. Nearly 1 in 3 employers intend to hire temporary or contract workers, which is relatively the same as last year. On the bright side, some employers (22 percent) expect to transition some of their temporary or contract workers into permanent employees this quarter.
  • Does Size Matter? There’s a gradual increase in the intent to hire based on company size, with larger companies leading the way compared to small businesses. However, hiring activity in companies of all sizes is expected to hold steady compared to last year.
  • Hot West, Cool South. The West continues its streak of positive hiring plans, with 29 percent of employers expecting to add full-time/permanent staff this quarter. Even though it’s down from last year’s 31 percent, it still remains the most optimistic region in the country. The South, on the other hand, saw the biggest drop in employers’ plans to hire when that number dropped 4 percentage points to 24 percent. Still, it leads the Northeast and the Midwest (with 23 percent each) ever so slightly.

Want to compare these findings with our midyear forecast? Check it out right here.

Deanna Hartley

About Deanna Hartley

Deanna Hartley is a senior copywriter and community manager on the creative services team at CareerBuilder, where she writes about issues that are top of mind for employers and recruiters – including talent acquisition, employee engagement and retention. An avid social media user, Deanna is the face behind @CBforEmployers on Twitter as well as CBforEmployers’ Facebook and Instagram pages, so it’s easy to stay connected with her. Prior to joining CareerBuilder, Deanna was a senior editor for the Human Capital Media Group, publishers of Talent Management, Chief Learning Officer, Diversity Executive and Workforce Management magazines. Deanna holds a master’s degree from Northwestern University’s Medill School of Journalism. She loves caffeine, social media, pop culture and dogs – though not necessarily in that order.
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