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Meos Q3 2012 Us Report
 

Meos Q3 2012 Us Report

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Manpower's 3rd Quarter Employment Outlook Survey 2012.

Manpower's 3rd Quarter Employment Outlook Survey 2012.

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    Meos Q3 2012 Us Report Meos Q3 2012 Us Report Document Transcript

    • Q3 2012ManpowerEmploymentOutlook SurveyUnited States
    • Q3/12Manpower Employment Outlook Survey United StatesContentsUnited States Employment Outlook 1Regional ComparisonsGlobal Employment Outlook 7About the Survey 8Please note that throughout this report, the figure used in all graphs is the “Net Employment Outlook.” This figureis derived by taking the percentage of employers anticipating an increase in hiring activity and subtracting from thisthe percentage of employers that expect to see a decrease in employment at their location in the next quarter.In addition, percentage totals may not equal 100% due to rounding.
    • United States Employment OutlookMore than 18,000 interviews have been conducted with When seasonal variations are removed from the data,employers within the United States, including all 50 the Net Employment Outlook is +11%. Survey resultsstates, the top 100 Metropolitan Statistical Areas suggest that employers expect hiring to remain relatively(MSAs), the District of Columbia and Puerto Rico, to stable during Quarter 3 2012 compared to Quarter 2measure hiring intentions between July and September 2012 and a slight increase in the hiring pace compared2012. The mix of industries within the survey follows the to one year ago at this time. U.S. employers have nowNorth American Industry Classification System (NAICS) conveyed a positive Outlook for 11 straight quarters.Supersectors and is structured to be representative of All four U.S. regions surveyed report a positive Netthe U.S. economy. All participants were asked, “How Employment Outlook. When seasonal variations aredo you anticipate total employment at your location to removed from the data, employers in the Midwest andchange in the three months to the end of September South regions report the strongest Outlook at +12%.2012 as compared to the current quarter?” Quarter-over-quarter, plans to add workers remainAmong U.S. employers surveyed, 21 percent expect to consistent among employers in the Northeast, Midwestadd to their workforces, and 6 percent expect a decline and West, while employers in the South expect hiring toin their payrolls during Quarter 3 2012. Seventy-one slightly increase. Compared to one year ago at thispercent of employers anticipate making no change to time, employers in the Midwest, South and Weststaff levels, and the remaining 2 percent of employers regions project a slight increase in hiring for Quarter 3are undecided about their Quarter 3 2012 hiring plans. 2012, and employers in the Northeast region expect a relatively stable hiring environment. Net Employment Seasonally Increase Decrease No Change Don’t Know Outlook Adjusted % % % % % % Quarter 3 2012 21 6 71 2 15 11 Quarter 2 2012 18 6 72 4 12 10 Quarter 1 2012 14 9 70 7 5 9 Quarter 4 2011 16 11 70 3 5 7 Quarter 3 2011 20 8 69 3 12 8 35 30 25 20 15 10 5 0 -5 ’92 ’93 ’94 ’95 ’96 ’97 ’98 ’99 ’00 ’01 ’02 ’03 ’04 ’05 ’06 ’07 ’08 ’09 ’10 ’11 ’12 Seasonally Adjusted Outlook Net Employment OutlookNo bar indicates Net Employment Outlook of zero. Revised methodology effective Quarter 1 2009.The results of the Manpower Employment Outlook Survey in the United States include Puerto Rico. 1
    • Manpower Employment Outlook Survey United StatesIndustry Sector ComparisonsFor Quarter 3 2012, employers have a positive Outlook pace is expected to slightly increase among employersin all of the 13 industry sectors included in the survey: in seven industry sectors: Construction, Information,Leisure & Hospitality (+30%), Professional & Business Financial Activities, Professional & Business Services,Services (+20%), Wholesale & Retail Trade (+19%), Leisure & Hospitality, Other Services and Government.Mining (+17%), Durable Goods Manufacturing (+15%), Employers in the Durable and Nondurable GoodsTransportation & Utilities (+14%), Financial Activities Manufacturing, Transportation & Utilities and Education(+14%), Nondurable Goods Manufacturing (+13%), & Health Services sectors anticipate a relatively stableConstruction (+12%), Information (+12%), Other hiring pace, while employers in the Mining sectorServices (+10%), Government (+7%) and Education & expect the hiring pace to slightly declineHealth Services (+6%). quarter-over-quarter.When the industry sector data is compared quarter- Results for the Mining sector are reported only in theover-quarter, employers in the Wholesale & Retail Trade national survey data to ensure statistical accuracy.sector anticipate a moderate hiring increase. The hiring Net Employment Net Employment Increase Decrease No Change Don’t Know Outlook Q3 2012 Outlook Q2 2012 % % % % % % Construction 20 8 70 2 12 9 Education & Health Services 15 9 72 4 6 7 Financial Activities 18 4 76 2 14 11 Government 14 7 75 4 7 5 Information 17 5 77 1 12 10 Leisure & Hospitality 36 6 57 1 30 26 Manufacturing – Durable Goods 20 5 72 3 15 15 Manufacturing – Nondurable Goods 19 6 74 1 13 13 Mining 23 6 70 1 17 20 Other Services 14 4 80 2 10 8 Professional & Business Services 25 5 68 2 20 17 Transportation & Utilities 22 8 68 2 14 13 Wholesale & Retail Trade 24 5 70 1 19 142
    • Regional ComparisonsMidwest Seasonally Adjusted Net Employment Outlook: +12%In the Midwest, 21 percent of employers surveyed among employers in the Construction andexpect to increase staff levels for Quarter 3 2012 and Transportation & Utilities sectors. Employers in the5 percent anticipate reduced headcounts, leading to a Durable Goods Manufacturing, Information, FinancialNet Employment Outlook of +16%. When seasonal Activities, Professional & Business Services, Leisure &variations are removed from the data, the Outlook for Hospitality, Other Services and Government sectors lookQuarter 3 2012 is relatively stable compared to Quarter 2 for the hiring pace to slightly increase. Employers in the2012 and slightly improved compared to one year ago at Education & Health Services sector project hiring tothis time. remain relatively stable and employers in the Nondurable Goods Manufacturing and Wholesale & Retail TradeIn the Midwest, hiring plans are stronger for Quarter 3 industry sectors expect the hiring pace to slightly decline2012 compared to Quarter 2 2012 across 9 of the quarter-over-quarter.industries surveyed. A moderate increase is anticipated Net Employment Seasonally Increase Decrease No Change Don’t Know Outlook Adjusted % % % % % % All Industries – Midwest 21 5 71 3 16 12 Construction 23 7 68 2 16 – Education & Health Services 16 9 72 3 7 – Financial Activities 17 5 77 1 12 – Government 11 5 81 3 6 – Information 12 6 82 0 6 – Leisure & Hospitality 38 5 56 1 33 – Manufacturing – Durable Goods 26 2 69 3 24 – Manufacturing – Nondurable Goods 22 6 70 2 16 – Other Services 11 2 85 2 9 – Professional & Business Services 27 4 66 3 23 – Transportation & Utilities 29 5 64 2 24 – Wholesale & Retail Trade 23 7 69 1 16 – 35 30 25 20 15 10 5 0 -5 ’92 ’93 ’94 ’95 ’96 ’97 ’98 ’99 ’00 ’01 ’02 ’03 ’04 ’05 ’06 ’07 ’08 ’09 ’10 ’11 ’12 Seasonally Adjusted Outlook Net Employment OutlookNo bar indicates Net Employment Outlook of zero. Revised methodology effective Quarter 1 2009.The Midwest Region comprises the following states: Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, SouthDakota, Wisconsin. Because the industry sector reporting method has been changed effective Quarter 1 2009, seasonally adjusted data for individualindustries is not currently available. 3
    • Manpower Employment Outlook Survey United StatesNortheast Seasonally Adjusted Net Employment Outlook: +10%In the Northeast, 21 percent of employers indicate plans increase in hiring intentions for Q3 2012 compared toto increase staff levels, while 6 percent expect to Q2 2012: Nondurable Goods Manufacturing, Informationdecrease payrolls, resulting in a Net Employment and Professional & Business Services. Financial ActivitiesOutlook of +15% for Quarter 3 2012. The seasonally and Government industry sector employers expect hiringadjusted survey data reflects a relatively stable Outlook to slightly increase in Quarter 3 2012, while Construction,compared to three months ago and to one year ago at Durable Goods Manufacturing and Other Servicesthis time. industry sector employers expect hiring to remain relatively stable. Transportation & Utilities and EducationCompared to Quarter 2 2012 survey results for the & Health Services employers foresee a slight decline inNortheast, employers in two industry sectors expect the the hiring pace quarter-over-quarter.hiring pace to considerably increase in Quarter 3 2012:Wholesale & Retail Trade and Leisure & Hospitality.Employers in three industry sectors report a moderate Net Employment Seasonally Increase Decrease No Change Don’t Know Outlook Adjusted % % % % % % All Industries – Northeast 21 6 71 2 15 10 Construction 20 6 72 2 14 – Education & Health Services 14 9 75 2 5 – Financial Activities 19 3 75 3 16 – Government 14 7 77 2 7 – Information 20 6 70 4 14 – Leisure & Hospitality 43 6 50 1 37 – Manufacturing – Durable Goods 17 4 76 3 13 – Manufacturing – Nondurable Goods 20 6 71 3 14 – Other Services 14 5 78 3 9 – Professional & Business Services 22 6 68 4 16 – Transportation & Utilities 15 8 75 2 7 – Wholesale & Retail Trade 28 4 67 1 24 – 30 25 20 15 10 5 0 -5-10 ’92 ’93 ’94 ’95 ’96 ’97 ’98 ’99 ’00 ’01 ’02 ’03 ’04 ’05 ’06 ’07 ’08 ’09 ’10 ’11 ’12 Seasonally Adjusted Outlook Net Employment OutlookRevised methodology effective Quarter 1 2009.The Northeast Region comprises the following states: Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania,Rhode Island, Vermont. Because the industry sector reporting method has been changed effective Quarter 1 2009, seasonally adjusted data forindividual industries is not currently available.4
    • South Seasonally Adjusted Net Employment Outlook: +12%In the South, 20 percent of employers surveyed expect in seven industry sectors anticipate hiring to remainto increase staff levels and 6 percent plan to decrease relatively stable in Quarter 3 2012: Construction,their employee headcounts, resulting in a Net Nondurable Goods Manufacturing, Transportation &Employment Outlook of +14%. When seasonal Utilities, Professional & Business Services, Education &variations are removed from the data, the expected Health Services, Other Services and Government.Quarter 3 2012 hiring pace is slightly stronger from Leisure & Hospitality employers anticipate a slightQuarter 2 2012 and Quarter 3 2011. decrease in the hiring pace compared with Q2 2012.Quarter-over-quarter, employers in the Durable GoodsManufacturing industry sector anticipate hiring plans tomoderately improve. Wholesale & Retail Trade,Information and Financial Activities employers reportslightly more optimistic hiring expectations. Employers Net Employment Seasonally Increase Decrease No Change Don’t Know Outlook Adjusted % % % % % % All Industries – South 20 6 72 2 14 12 Construction 16 10 72 2 6 – Education & Health Services 14 7 75 4 7 – Financial Activities 18 3 78 1 15 – Government 14 8 75 3 6 – Information 20 4 75 1 16 – Leisure & Hospitality 32 7 60 1 25 – Manufacturing – Durable Goods 21 5 72 2 16 – Manufacturing – Nondurable Goods 16 5 77 2 11 – Other Services 14 5 79 2 9 – Professional & Business Services 25 6 68 1 19 – Transportation & Utilities 22 8 68 2 14 – Wholesale & Retail Trade 22 4 72 2 18 – 35 30 25 20 15 10 5 0 -5 ’92 ’93 ’94 ’95 ’96 ’97 ’98 ’99 ’00 ’01 ’02 ’03 ’04 ’05 ’06 ’07 ’08 ’09 ’10 ’11 ’12 Seasonally Adjusted Outlook Net Employment OutlookNo bar indicates Net Employment Outlook of zero. Revised methodology effective Quarter 1 2009.The South Region comprises Puerto Rico and the following states: Alabama, Arkansas, Delaware, District of Columbia, Florida, Georgia, Kentucky, Louisiana,Maryland, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Virginia, West Virginia. Because the industry sector reporting method hasbeen changed effective Quarter 1 2009, seasonally adjusted data for individual industries is not currently available. 5
    • Manpower Employment Outlook Survey United StatesWest Seasonally Adjusted Net Employment Outlook: +11%Among employers surveyed in the West, 21 percent employers anticipate a moderate increase in hiring.plan to add staff, while 7 percent anticipate a decline in Employers in the Nondurable Goods Manufacturing,payrolls, resulting in a Net Employment Outlook of Transportation & Utilities, Information, Professional &+14% for Quarter 3 2012. According to seasonally Business Services, Other Services and Governmentadjusted survey results, employers in the West industry sectors plan to hire at a slightly increased paceanticipate relatively stable hiring compared to Quarter 2 in the third quarter. Employers in the Financial Activities2012 and a slight increase compared to one year ago industry sector expect hiring to remain relatively stable,at this time. while Education & Health Services employers report a slight decrease and Durable Goods ManufacturersNine of the 12 industry sectors surveyed have an report a moderate decrease in hiring expectations.improving Net Employment Outlook: Construction,Wholesale & Retail Trade and Leisure & Hospitality Net Employment Seasonally Increase Decrease No Change Don’t Know Outlook Adjusted % % % % % % All Industries – West 21 7 69 3 14 11 Construction 23 8 67 2 15 – Education & Health Services 16 14 66 4 2 – Financial Activities 17 7 74 2 10 – Government 17 9 70 4 8 – Information 16 4 79 1 12 – Leisure & Hospitality 34 5 59 2 29 – Manufacturing – Durable Goods 18 7 73 2 11 – Manufacturing – Nondurable Goods 19 5 76 0 14 – Other Services 16 5 78 1 11 – Professional & Business Services 26 5 68 1 21 – Transportation & Utilities 22 9 67 2 13 – Wholesale & Retail Trade 25 5 68 2 20 – 35 30 25 20 15 10 5 0 -5 ’92 ’93 ’94 ’95 ’96 ’97 ’98 ’99 ’00 ’01 ’02 ’03 ’04 ’05 ’06 ’07 ’08 ’09 ’10 ’11 ’12 Seasonally Adjusted Outlook Net Employment OutlookNo bar indicates Net Employment Outlook of zero. Revised methodology effective Quarter 1 2009.The West Region comprises the following states: Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Utah,Washington, Wyoming. Because the industry sector reporting method has been changed effective Quarter 1 2009, seasonally adjusted data for individualindustries is not currently available.6
    • Global Employment OutlookManpowerGroup interviewed more than 65,000 Worldwide, hiring expectations are strongest in India,employers across 41 countries and territories to Taiwan and Brazil where booming demand amongmeasure employer hiring expectations between July and employers in the Services sector continues to generateSeptember 2012. All participants were asked, “How do brisk hiring activity. Employers in Greece, Ireland andyou anticipate total employment at your location to Spain report the least optimistic global hiring plans.change in the three months to the end of September Across the Americas, employers report positive Net2012 as compared to the current quarter?” Employment Outlooks in all 10 countries surveyed. JobAccording to the Manpower Employment Outlook prospects are weakest in Argentina following fourSurvey, third-quarter hiring activity is expected to slow consecutive quarters of steadily declining Outlooks andfrom last year at this time in the majority of countries strongest in Brazil despite employers reporting moderateand territories surveyed. The research reveals few clear declines both quarter-over-quarter and year-over-year.signs of notable traction in the labor market, and Hiring plans in the U.S. are the most optimistic sinceemployers are evidently adopting an intermittent hiring Quarter 3 2008 following three consecutive quarters ofapproach in response to economic uncertainty both at incremental improvements.home and abroad. However, despite the general Meanwhile, employers in India again report the strongestweakening trend, employers still report varying degrees hiring plans globally. The hiring pace is expected toof positive hiring activity in 33 of the 41 countries and remain vigorous, and the promise of continuingterritories. Employers in 32 countries and territories prosperity is encouraging many Indian nationals to returnanticipate relatively stable or improved hiring activity to India in order to take advantage of opportunities andcompared to the second quarter. Hiring expectations potentially more job security. Conversely, the hiring paceweaken, however, in 26 countries and territories in Australia is expected to slow down for the fifthcompared to last year at this time. consecutive quarter, although employers do anticipateThe research identifies several noteworthy third-quarter some opportunities to open up for job seekers in thedevelopments; these include the continued robust levels Finance, Insurance & Real Estate sector.of confidence reported by employers in India, contrasted Hiring plans throughout much of EMEA continue towith signs that the German labor market is losing steam remain reserved against the backdrop of uncertaintyas employers there report their weakest Net associated with the debt crisis and persistently highEmployment Outlook in almost three years. Meanwhile, levels of unemployment—particularly among the region’sjob seekers in the U.S. are expected to benefit during youth. Furthermore, there appears to be little progressthe July-September time frame from a continuing toward structural growth policy reforms. This, combinedpattern of growing confidence among employers. with recent announcements that the United KingdomSurvey Respondents by Region and the Netherlands have again slipped into recession, indicates that debt issues will continue to plague employer confidence in the foreseeable future. Asia Pacific *  ommentary is based on seasonally adjusted data where available. C 25% Research for the Quarter 3 2012 Manpower Employment Outlook Survey involved surveying more than Americas 65,000 human resources directors and senior hiring managers from public and private organizations 45% worldwide. 45% of respondents come from 10 countries in the Americas; 25% from eight countries and EMEA territories across Asia Pacific; and 30% from 23 countries in EMEA. 30% 7
    • Manpower Employment Outlook Survey United StatesAbout the SurveyThe Manpower Employment Outlook Survey is conducted Industries: The survey reports national results by the NAICSquarterly to measure employers’ intentions to increase or Supersectors. Error factors not to exceed +/- 5% for Miningdecrease the number of employees in their workforces during and +/- 3% for the remaining Supersectors based on a 90%the next quarter. The survey has been running for 50 years confidence level.and is one of the most trusted surveys of employment activityin the world. Various factors underpin the success of the Net Employment OutlookManpower Employment Outlook Survey: Throughout this report, we use the term “Net EmploymentUnique: It is unparalleled in its size, scope, longevity and area Outlook.” This figure is derived by taking the percentage ofof focus. employers anticipating an increase in hiring activity and subtracting from this the percentage of employers expectingProjective: The Manpower Employment Outlook Survey is the to see a decrease in employment at their location in themost extensive, forward-looking employment survey in the next quarter.world, asking employers to forecast employment over thenext quarter. In contrast, other surveys and studies focus on Seasonal Adjustmentretrospective data to report on what occurred in the past. Seasonal adjustments have been applied to the data forIndependent: The survey is conducted with a representative Argentina, Australia, Austria, Belgium, Canada, Costa Rica,sample of employers from throughout the countries in which it China, the Czech Republic, France, Germany, Greece,is conducted. The survey participants are not derived from Guatemala, Hong Kong, India, Ireland, Italy, Japan, Mexico,Manpower’s client base. Netherlands, New Zealand, Norway, Peru, Poland, Romania,Robust: The survey is based on interviews with over 65,000 Singapore, South Africa, Spain, Sweden, Switzerland, Taiwan,public and private employers across 41countries and the United Kingdom and the United States to provideterritories to measure anticipated employment trends each additional insight into the survey data. These adjustmentsquarter. This sample allows for analysis to be performed make it possible to review the data without the employmentacross specific sectors and regions to provide more fluctuations that normally occur at the same time each year,detailed information. thus providing a clearer picture of the data over time.Focused: For nearly five decades, the survey has derived all ManpowerGroup intends to add seasonal adjustments to theof its information from a single question. data for other countries in the future, as more historical data is compiled. Note that in Quarter 2 2008, ManpowerGroupSurvey Question adopted the TRAMO-SEATS method of seasonal adjustmentAll employers participating in the survey worldwide are asked for data.the same question, “How do you anticipate total employmentat your location to change in the three months to the end of Additional Information AvailableSeptember 2012 as compared to the current quarter?” Find complete survey results, including reports for the top 100 Metropolitan Statistical Areas, 50 states, District of ColumbiaMethodology and Puerto Rico on our website at press.manpower.com.The Manpower Employment Outlook Survey is conductedusing a validated methodology, in accordance with the highest History of the Surveystandards in market research. The research team for the 41 1962 First generation of the Manpower Employment Outlookcountries and territories where the survey is currently Survey launched in the United States and Canada.conducted includes ManpowerGroup’s internal research team 1966 ManpowerGroup’s United Kingdom operation launchesand Infocorp Ltd. The survey has been structured to be the equivalent of the United States survey, naming therepresentative of each national economy. The margin of error report the Quarterly Survey of Employment Prospects.for all national, regional and global data is not greater than The survey adopts the same forward looking research+/- 3.9%. format as the United States survey and is the first of itsRegions: The survey reports results by the four regions within kind in Europe.the U.S. as determined by the U.S. Census Bureau. Each 1976 Second generation of the Manpower Employmentregion is represented with a minimum error factor of +/- 1.4% Outlook Survey launched in the United States andbased on a 90% confidence level. Canada. Research methodology is updated to evolve with advancements in the field of market research.8
    • 2002 ManpowerGroup United Kingdoms Quarterly Survey of 2012 Beginning in the second quarter, ManpowerGroup Employment Prospects is updated to adopt an operations in the Czech Republic, Greece, Guatemala, enhanced research methodology. ManpowerGroups Poland and Romania initiate reporting of seasonally operations in Mexico and Ireland launch the survey in adjusted data. their respective countries.2003 Third generation of the Manpower Employment Outlook About ManpowerGroup™ Survey is launched, expanding the program to a total of ManpowerGroup™ (NYSE: MAN), the world leader in innovative 18 countries worldwide: Australia, Austria, Belgium, workforce solutions, creates and delivers high-impact solutions Canada, France, Germany, Hong Kong, Ireland, Italy, that enable our clients to achieve their business goals and Japan, Mexico, Netherlands, Norway, Singapore, enhance their competitiveness. With over 60 years of Spain, Sweden, the United Kingdom and the experience, our $22 billion company creates unique time to United States. value through a comprehensive suite of innovative solutions2004 ManpowerGroup operations in New Zealand launch the that help clients win in the Human Age. These solutions cover Manpower Employment Outlook Survey. an entire range of talent-driven needs from recruitment and2005 ManpowerGroup operations in China, India, assessment, training and development, and career management, to outsourcing and workforce consulting. Switzerland, and Taiwan launch the Manpower ManpowerGroup maintains the world’s largest and industry- Employment Outlook Survey. leading network of nearly 3,800 offices in over 80 countries and2006 ManpowerGroup operations in Costa Rica and Peru territories, generating a dynamic mix of an unmatched global join the survey program. Surveys in Australia, Austria, footprint with valuable insight and local expertise to meet the Belgium, France, Germany, Hong Kong, Ireland, Italy, needs of its 400,000 clients per year, across all industry Japan, Mexico, Netherlands, Norway, Singapore, Spain sectors, small and medium-sized enterprises, local, and Sweden add seasonally adjusted data in the third multinational and global companies. By connecting our deep quarter. Manpower operations in South Africa launch understanding of human potential to the ambitions of clients, the Manpower Employment Outlook Survey. ManpowerGroup helps the organizations and individuals we2007 ManpowerGroup operations in Argentina join the serve achieve more than they imagined – because their Manpower Employment Outlook Survey. The survey in success leads to our success. And by creating these powerful New Zealand adds seasonally adjusted data in the connections, we create power that drives organizations first quarter. forward, accelerates personal success and builds more2008 ManpowerGroup operations in Colombia, the Czech sustainable communities. We help power the world of work. Republic, Greece, Guatemala, Poland and Romania The ManpowerGroup suite of solutions is offered through join the survey program. China and Taiwan add ManpowerGroup™ Solutions, Manpower®, Experis™ and Right seasonally adjusted data in the second quarter. India Management®. Learn more about how ManpowerGroup can and Switzerland add seasonally adjusted data in the help you win in the Human Age at www.manpowergroup.com. third quarter.2009 ManpowerGroup operations in Hungary and Brazil launch the Manpower Employment Outlook Survey.2010 ManpowerGroup Panama operation launches the Manpower Employment Outlook Survey, expanding the program total to 36 countries and territories worldwide. Peru adds seasonally adjusted data in the second quarter. Costa Rica adds seasonally adjusted data in the fourth quarter.2011 Beginning in the first quarter, operations in Bulgaria, Slovenia and Turkey join the Manpower Employment Outlook Survey. Additionally, seasonally adjusted data is added in the first quarter for Argentina and South Africa. Israel and Slovakia launch the Manpower Employment Outlook Survey in the fourth quarter. 9
    • ManpowerGroup, 100 Manpower Place, Milwaukee, WI 53212, USATel: 414 961 1000www.manpowergroup.com© 2012, ManpowerGroup. All rights reserved.