Manufacturing, electric vehicle, and engineering companies are hiring at their fastest pace in five years, according to a study by Adecco. The hiring intent for 2024 is 19.8%, the highest since 2020. The engineering sector, including automobile, aerospace, defense, chemical, agricultural, electrical, electronics, and industrial engineering, is expected to outperform the rest in hiring. Companies in these sectors are likely to offer pay hikes of 8% to 12%.