New Delhi (PTI): After witnessing a slowdown in the past year, the job prospects in the country are likely to improve in the next 12 months, a survey has said.

Besides, over 70 per cent of the recruitment agents surveyed believe that hiring will stabilise in the coming three months.

In a pan-Indian survey of recruitment agents by Edelweiss Securities, more than half (53 per cent) of the respondents said that the situation would improve over the next one year.

Moreover, the survey said that the outlook for the short term or three months will remain stable. "About 71 per cent respondents expect hiring to stabilise over the next three months," the survey stated.

It said that 69 per cent of the respondents believe the number of unemployed had increased in the past one year.

The survey, which took view of various sectors, found that all sectors, except IT, hope to see an improvement in hiring that is expected to support demand for residential real estate.

"A stabilising job market in the near term and a robust outlook beyond that, are expected to keep real estate market buoyant," the survey pointed out.

About 55 per cent of the respondents in Mumbai expect an improvement in the hiring space is likely in the next one year.