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Over 447 thousand hirings expected by companies in March: the forecasts are positive for tourism, trade and personal services and construction; manufacturing is decreasing

There are over 447 thousand contracts planned by companies in March 2024 and around 1.4 million are expected for the March-May quarter, with an increase of almost 30 thousand units compared to March 2023 (+7.1%) and around 112 thousand units on the same quarter 2023 (+8.7%). In particular, The forecasts in the service sectors (+16% in the month and +14.3% in the quarter) and commerce (+14.6% in the month and +17.2% in the quarter) are growing. The trend was also positive for flows planned by construction companies (+2.7% compared to March 2023 and +7.4% compared to the corresponding quarter), while the signals coming from manufacturing companies were more uncertain, reporting a contraction in March of hirings compared to the same month of 2023 (-1.6%). The difficulty in recruiting it stands at 47.8%, close to the levels reached in March 2023.

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In 2023, there are over 5.5 million scheduled hirings by companies (+6.4% on 2022)

Over 5.5 million hirings planned by companies in 2023, 330 thousand more than in 2022 (+6.4%) and almost 894 thousand more than in 2019 (+19.4%). The positive trend in employment in the private sector this year is due in particular to the driving effect of the tourism sector, which exceeds the 1.1 million expected hires (+160 thousand compared to 2022 and +291 thousand compared to 2019), trade, almost 749 thousand contracts (+77 thousand and +59 thousand respectively), construction (+40 thousand and +177 thousand, for a total of 549 thousand hires) and manufacturing industries (with 957 thousand entries, +22 thousand in 2022 and +103 thousand in 2019). The mismatch continues to increase for all profiles sought, standing at 45.1% of hires, up by 4.6 percentage points over 2022 and by 18.7 p.p. on 2019. For more than 8 out of 10 hires, candidates must have at least a secondary qualification: over 800 thousand contracts for profiles with tertiary education (degree or ITS Academy) and more than 3.5 million positions offered for professions with a technical-professional qualification and professional education and training.

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408 thousand hirings expected by companies in February. The forecasts are positive for trade, tourism, personal services and construction; manufacturing is declining.

There are approximately 408 thousand hirings expected by companies for the month of February and 1.3 million for the February-April quarter, +22 thousand compared to February 2023 (+5.7%) and +114 thousand with reference to the entire quarter (+9.5%). In February the manufacturing industry is looking for 82 thousand workers and in the February-April quarter the expected hirings will be 245 thousand, declining compared to last year (-1.8% on the month and -0.4% on the quarter). However, construction continues to have a positive sign, with 50 thousand entries planned for the month (+3.5%) and 145 thousand in the quarter (+6.2%). But it is above all the services that determine the positive trend in hiring for February with around 276 thousand in the month (+8.6%) and 923 thousand in the quarter (+13.1%). The difficulty in finding it stands at 49.3% (+3.1 percentage points compared to a year ago).

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508 thousand hirings expected by companies in January. The forecasts are positive for trade, personal services and construction; tourism and manufacturing are declining

More than 508 thousand workers were sought by companies in January and around 1.4 million for the first quarter of the year. Over 4 thousand more hirings compared to January 2023 (+0.9%) and +69 thousand hirings (+5.3%) taking the entire quarter as a reference. Driving the demand for work are human services which plan 70 thousand hires in January (+10.0% compared to January 2023). This is followed by trade (68 thousand units; +13.7% on an annual basis) and construction (51 thousand units; +1.8%). The expected trend for tourism and manufacturing industries in January is negative (-12.1% and -2.3% respectively compared to the previous year). In January the mismatch between job supply and demand affected 250 thousand hirings of the 508 thousand planned (49.2%) mainly due to the lack of candidates (31.1%).

352 thousand hirings expected by companies in December, +23 thousand compared to a year ago (+7%): positive expectations for trade and tourism

There are 352 thousand hirings planned by companies for the month of December and those expected for the entire December-February quarter rise to almost 1.3 million. Compared to a year ago, there was an increase of +7.0% (+23 thousand hires) in the month and +6.9% (+84 thousand hires) in the quarter. Tourism and trade companies are keeping the demand for work high, planning 70 thousand and 56 thousand entries respectively in the month, due to the approach of the Christmas holidays (+6.7% and +13.1% compared to the same period of 2022). There remains a high difficulty in finding which concerns 171 thousand profiles sought, equal to 48.5% of the total hirings, a value 3.3 percentage points higher than a year ago. The demand for immigrant workers increased by 18.2%, going from the 62 thousand profiles sought in December 2022 to the current 72 thousand (+11 thousand). 

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The Excelsior Information System: Introduction

Established in 1997 by Unioncamere, in collaboration with the Ministry of Labour, ANPAL, and the European Union, the Excelsior “Information System for Employment and Training” is one of Italy’s major sources on topics relating to the labour market and training, and is one of the official surveys included in the National Statistical Program (PSN).
Through the analysis of the hiring programs of over 1 million 300 thousand companies, the Excelsior Information System offers a constantly updated overview of the development trends and the main qualitative characteristics of the demand for employment in Italy, providing extremely useful information in support of training planning processes, guidance activities, and the active labour policies of the Government, the Regions, ANPAL, and other public institutions. The survey brings greater value to the information obtained from the chambers’ administrative archives on businesses and employment, and provides for the sampling of over 500,000 industrial and service companies of all sizes on an annual basis.
The high number of interviews conducted and the data processing methodology adopted allow the monthly and annual forecasts regarding the companies’ employment demand to be obtained in a timely and systematic manner, for all the Italian provinces, as well as the main characteristics of the professional figures required (level of education, age, experience, difficulty in recruiting, need for further training, skills, etc.).
In addition to guides, manuals, and materials in support of scholastic, university and occupational guidance, Excelsior also renders navigable databases, insights, and other informative tools regarding the demand for professional figures and skills available through various channels (websites, social networks, participation in events, webinars, and seminars).
Thanks to these tools and their exploitation by the Chambers of Commerce throughout their various areas of competence, we intend to increasingly promote and support a dynamic and flexible balance between the supply and demand for employment, even by establishing a better connection between the educational and training systems and the needs on the labour market.