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Study finds sharpest dip in hiring intentions in three years

British companies' hiring intentions for the fourth quarter of 2014 are down two percentage points on the previous quarter – the largest decrease in three years, according to ManpowerGroup.

The Manpower Employment Outlook Survey is based on a poll of 2,102 employers. It gives a 'net outlook' for different regions and sectors, calculated by subtracting the number who intend to decrease headcount from the number who are looking to increase it.

The national outlook is +6% for the Q4 2014, down from +8% in the previous three months.

Manufacturing had the biggest jump in hiring intentions. It is up from +4% to +10% in Q4, as well as being nine percentage points higher than this time last year.

The finance and business sector had the biggest annual decrease in hiring intentions, down from +17% for Q4 2013 to +12% for Q4 this year.

The strong manufacturing sector in the East Midlands (+12%) and North Yorkshire and Humberside (+10%) experienced the fastest pace of hiring intention growth.

ManpowerGroup managing director James Hick told HR magazine jobseekers should be looking to make themselves attractive to employers looking for highly-skilled workers.

"The sectors where people have specialist skills are looking for the most new staff and have the fewest available candidates," he said.

"This is where the jobs are. We're seeing an hourglass jobs market where workers with high skills are finding much more work than what we'd call primary or secondary decision makers."