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MEOS Q2 2017

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UK employers plan to create more jobs in Q2, but signal a slowdown in the rate of job creation. Find out more in the SlideShare...

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MEOS Q2 2017

  1. 1. ManpowerGroup Employment Outlook Survey Q2 2017 Tuesday, 14 March 2017
  2. 2. ManpowerGroup Employment Outlook Survey – Q2 2017 ManpowerGroup Tuesday, 14 March 2017 2 MEOS Q2 2017 Summary • At the national level, the NEO is +5%, down two points on the previous quarter: This is back in line with the Q4, 2016 outlook. • Private sector sentiment hits three year low: Private sector optimism is down three points to +4, the lowest level of optimism since 2014. • Smallest businesses buffeted by uncertainty: The outlook for the sector has fallen to +1, the weakest outlook in three years. In contrast, big employers are markedly more upbeat. • London and Scotland downbeat: Optimism in the capital dipped from +8 last time to +3 this quarter – the first time London has underperformed the national outlook in over two years. Scotland is down dramatically, the only region in negative territory and now at its weakest outlook in five years. • Optimism in construction hits 10 yr high: Hiring intention in the building sector is flying on +12, up 2 points on the quarter.
  3. 3. ManpowerGroup Employment Outlook Survey – Q2 2017 ManpowerGroup Tuesday, 14 March 2017 3 2009 2011 2012 2013 2014 2015 2016 MEOS: Since 1Q 2009 2017 -3 -6 -5 -1 1 1 1 1 2 2 3 1 0 2 2 4 6 6 5 7 5 7 7 7 6 6 6 5 6 7 6 5 7 5 -10 -5 0 5 10 Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2 National NEO
  4. 4. ManpowerGroup Employment Outlook Survey – Q2 2017 ManpowerGroup Tuesday, 14 March 2017 4 Size of company breakdown 3 7 11 11 14 1 5 8 12 16 2Q '17 1Q '17 QoQ change LARGE MEDIUM SMALL NATIONAL MICRO +2 +1 -3 -2 -2
  5. 5. ManpowerGroup Employment Outlook Survey – Q2 2017 ManpowerGroup Tuesday, 14 March 2017 5 QoQ changeIndustry sector breakdown 12 7 6 6 5 4 3 1 -1 -2 10 13 7 6 7 6 4 0 2 3 +2 -6 -1 0 -2 -2 -1 +1 -3 -5 CONSTRUCTION UTILITIES FINANCE & BUSINESS SERVICES MANUFACTURING NATIONAL RETAIL, WHOLESALE, HOSPITALITY PUBLIC & SOCIAL TRANSPORT, STORAGE, COMMS MINING & QUARRYING AGRICULTURE
  6. 6. ManpowerGroup Employment Outlook Survey – Q2 2017 ManpowerGroup Tuesday, 14 March 2017 6 Public / private sector breakdown QoQ change • Private sector hiring remains strong • Public sector still hit hard -3 7 7 8 -2 4 5 7 2Q '17 1Q '17 NOT FOR PROFIT* NATIONAL PRIVATE PUBLIC -1 -2 -3 +1
  7. 7. ManpowerGroup Employment Outlook Survey – Q2 2017 ManpowerGroup Tuesday, 14 March 2017 7 Regions and nations breakdown QoQ change 8 2 8 5 6 8 7 8 8 3 4 8 9 -3 2 3 4 5 5 5 5 5 6 7 8 9 2Q '17 1Q '17 EAST EAST MIDLANDS NORTHERN IRELAND NORTH WEST WEST MIDLANDS SOUTH WEST NATIONAL YORKS & HUMBER NORTH EAST SOUTH EAST LONDON WALES SCOTLAND 0 0 +3 +3 -3 -3 -2 -3 -1 -1 -5 0 -11
  8. 8. ManpowerGroup Employment Outlook Survey – Q2 2017 ManpowerGroup Tuesday, 14 March 2017 8 UK employment intention heat map: Q2 2017

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