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Economy in Brief

Manpower Index of US Hiring Intentions Remained Firm
by Tom Moeller September 14, 2004

The Manpower Employment Outlook Survey continued to indicate improved hiring intentions in the US for 4Q04. A seasonally adjusted net 20% of 16,000 employers expect to increase hiring activity and that held the improved level of the prior two quarters.

Not seasonally adjusted, 28% of employers planned to raise employment versus 22% in 4Q03 while 7% planned to decrease the number of jobs versus 11% in 4Q03.

Since 1980 there has been a 75% correlation between the Manpower index and the y/y change in non-farm payrolls.

The latest press release from Manpower Inc. covering employment prospects in the United States can be viewed here.

Manpower Employment Survey 4Q 04 3Q 04 4Q 03 2003 2002 2001
All Industries - Net Higher (SA) 20 20 10 11 11 17
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