Job market shrinks, but at slower pace

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Key Points

About 45% of Indian employers covered in the latest ManpowerGroup Employment Outlook Survey said they would hire more people in the coming quarter..

While 15% of the employers expect a decrease in hiring intent or have no plans to backfill, 37% plan to keep workforce levels steady and 3% were unsure about hiring intentions, according to the findings that were shared exclusively with ET.iStock..

India's job market is likely to slide further in the April-June quarter, but the rate of cooling down is expected to come down, indicating a more stable outlook, a survey of 3,020 employers has revealed...

This puts the net employment outlook - the difference between companies looking to hire and those expecting a fall in headcount or hiring numbers - at 30%, weakened by 2 percentage points compared with the last quarter and 8 percentage points from a year earlier..

The most optimistic outlooks for the June quarter are reported by employers in IT (net employment outlook of 38%), finance/real estate (37%) and industrials & materials (31%)..

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