The Baltimore and Maryland job markets will deteriorate in the first quarter of next year, with more employers planning to reduce their staff than those planning to hire, a new survey shows.
In Baltimore, only 5 percent of the employers surveyed by Manpower Inc., an international temporary employment firm, said they planned to increase their work force next quarter, while 16 percent said they would cut back.
The statewide employment picture was a bit less negative. Of about 1,760 employers questioned over the telephone, 17 percent planned a decrease in staffing and 12 percent planned to hire. Only in Frederick and the Washington area did more employers say they would hire than cut back, according to Manpower.
The employers questioned have 90 to 130 workers each.
The Maryland survey was worse than the one in the previous quarter, when a net of 4 percent of employers predicted cutbacks, but better than the year-ago survey, when 12 percent expected more employment while 18 percent foresaw reductions.
Job opportunities look best in the finance, insurance and real estate industries, Mary Jo Shackelford, Manpower's Baltimore-area manager, said. Manufacturing, education and public-sector jobs will be more scarce, the survey shows.
Manpower's national survey of more than 15,000 companies, released earlier this month, showed that 15 percent of employers plan to increase staffing during the quarter, and an equal number plan to decrease staff.