Manufacturing firms to hire less and lay off more in Q4 2011

But you can still keep your hopes high on this one sector which is most optimistic about employment opportunities.

According to a release, hiring expectations in the manufacturing sector for the fourth quarter of 2011 are expected to be weaker compared to the third quarter of 2011. A weighted balance 7 per cent of manufacturers plan to hire workers while a weighted 9 per cent expect to reduce the number of workers needed.

Overall, a net weighted 2 per cent of manufacturers foresee lower employment in the fourth quarter of 2011. Within the manufacturing sector, the transport engineering cluster is the most optimistic about employment opportunities while the electronics, precision engineering and general manufacturing industries clusters expect to shed some workers in the next three months.