Global employment growth near two-year high in March

Global employment growth accelerated in March, according to the worldwide PMI surveys compiled by IHS Markit, as companies increasingly sought to boost capacity in line with rising demand. The rate of increase hit the second-highest since May 2019, falling just shy of November’s recent peak, with hiring picking up at similar rates across the manufacturing and service sectors. Service sector jobs growth was the strongest since last November while factory job creation hit the highest for 28 months. The jobs gain was driven by the largest rise in companies’ backlogs of uncompleted orders since June 2018, reflecting in … (full story)

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