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Hiring expectations are firing

The labour market in financial services continues to boom, with hiring prospects at near record highs and overtaking the buoyant resources sector.

Manpower’s third quarter employment outlook shows that employers in the finance, insurance and real estate sectors are optimistic about staffing levels.

The net employment outlook – the percentage of employers expecting a decrease in staff subtracted from those expecting an increase – for the forthcoming September quarter is 37%, down 5% on expectations for this June quarter.

However, seasonally adjusted, hiring prospects for the financial and real estate industries are the best since Manpower first surveyed hiring expectations in 2003. The net employment outlook for the economy is 24%.

The survey supports a report by recruitment company Hays showing insurance sector salaries have risen an average 5% in the past 12 months.