Q1 2010 - Manpower Employment Outlook Survey Presentation, National

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The Manpower Employment Outlook Survey (MEOS) is released quarterly to measure employers' intentions to increase or decrease the number of employees in their workforce during the next quarter.

It is the only forward-looking survey of its kind, unparalleled in size, scope, longevity and area of focus. The survey has been administered for more than 46 years and is one of the most trusted surveys of employment activity in the world.

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  • Hello! I’m Sheldon Schur, Vice President/General Manager of Manpower Professional. Each quarter the Manpower Employment Outlook Survey asks more than 28,000 employers across the U.S. what their hiring intentions are for the upcoming quarter. The MEOS, as we affectionately call it, is the only forward-looking, predictive survey of its kind, performed each quarter as a public service to our clients and community partners. So, let’s look at the results for the United States.
  • U.S. employers anticipate a moderate increase in their hiring plans during the first quarter of 2010. Twelve percent of the employers surveyed anticipate an increase in staff levels, while another 12% expect a decrease. Seventy-three percent of employers expect no change in their hiring plans, the highest in the survey’s history. And, the final 3% of employers indicate they are undecided about their hiring intentions.  
  • When seasonal variations are removed from the data, the results point to a more positive trend. The Net Employment Outlook remains down year-over-year, but is greatly improved over last quarter.
  • The different industry sectors also have interesting results. Employers in seven of the 13 industry sectors surveyed indicate a positive Net Employment Outlook. Employers in Nondurable Goods Manufacturing, Wholesale & Retail Trade, Financial Activities, Professional & Business Services, Education & Health Services, Leisure & Hospitality, and Other Services anticipate a promising hiring pace.
  • The Outlook is neutral among employers in Information, while employers report a negative hiring Outlook in the Mining, Construction, Durable Goods Manufacturing, Transportation & Utilities and Government industry sectors.
  • I also want to touch on what the different regions are anticipating. All regions have a weaker Outlook compared to one year ago at this time, but improved Outlooks when compared to last quarter.
  • I hope you found this information interesting and helpful. U.S. employers anticipate a moderate increase in their hiring plans for Quarter 1 2010. There is still a lot of ground to make up in the labor market, but the overall increase in hiring intentions is clearly a positive. A record number of employers plan to keep staff levels stable, which is good for the employed, and an overall positive Outlook means expanding opportunities for job seekers. Employer uncertainty around hiring is shifting from whether to consider adding staff, to when - and at what rate - to make the investment. Thank you.
  • Q1 2010 - Manpower Employment Outlook Survey Presentation, National

    1. 1. Manpower Employment Outlook Survey Quarter 1 2010
    2. 2. Manpower Employment Outlook Survey Sheldon Schur, VP/GM Manpower Professional <ul><li>Employers are asked what their hiring intentions are for the upcoming quarter. </li></ul><ul><li>The MEOS is the only forward-looking, predictive survey of its kind. </li></ul>
    3. 3. National Results <ul><li>When not seasonally adjusted, the Net is 0% </li></ul><ul><ul><li>Up 2% points quarter over quarter </li></ul></ul>
    4. 4. National Results <ul><li>When not seasonally adjusted, the Net is 0% </li></ul><ul><ul><li>Up 2% points quarter over quarter </li></ul></ul><ul><li>With seasonal adjustment, the Net is 6% </li></ul><ul><ul><li>Up 8% point quarter over quarter </li></ul></ul><ul><ul><li>Down 3% points year over year </li></ul></ul>
    5. 5. Industry Sectors Wednesday, June 9, 2010 NAICS Supersector NEO Professional & Business Services +5% Wholesale & Retail Trade +4% Education & Health Services +4% Leisure & Hospitality +4% Other Services +2% Financial Activities +2% Nondurable Goods Manufacturing +1%
    6. 6. Industry Sectors Wednesday, June 9, 2010 NAICS Supersector NEO Information 0% Mining -1% Durable Goods Manufacturing -3% Government -3% Transportation & Utilities -6% Construction -12%
    7. 7. Regional Overview <ul><li>All regions considerably weaker year over year </li></ul><ul><li>Northeast, Midwest and South anticipate moderate increases quarter over quarter </li></ul><ul><li>West expects slight increase </li></ul>
    8. 8. Conclusion <ul><li>Overall increase in hiring intentions is clearly a positive. </li></ul><ul><li>A record number of employers plan to keep staff levels stable. </li></ul><ul><li>Employer uncertainly shifting to when, and at what rate, to invest in new talent. </li></ul>
    9. 9. Thank You! <ul><li>Manpower Employment Outlook Survey us.manpower.com/meos or use the link below. </li></ul>

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