Hiring of foreign PMETs to grow as labor crunch intensifies

Part-time workers will also be in demand.

The tight labor market will persist in 2015, with the national unemployment rate continuing to hover at 2%. According to a report by PrimeStaff, the hiring of foreign workers will decline but the employment of foreign professionals, managers, executives, and technicians (PMETs) will climb.

PrimeStaff also forecasts that more women and older workers will continue to join the labor force. There will also be an increase in part-time work openings as firms strive to fill vacancies.

The report states that in the first quarter, strong hiring activity will be seen in the Finance, Insurance, and IT sectors for PMEs, and the service, food and beverage industries for frontline workers.

Additionally, there will continue to be a strong demand for engineers and traders.