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Economy in Brief
EMU Trade and Current Account Surplus Rise As Trade Flows Ease
The EMU current account and trade accounts widened as merchandise exports rose and imports contracted...
U.S. Leading Economic Indicators Decline
The Conference Board's Composite Index of Leading Economic Indicators fell 0.3% (+1.6% y/y) during June...
Philadelphia Fed Manufacturing Index Rebounds
The Philadelphia Fed reported that its General Factory Sector Business Conditions Index increased to 21.8 in July...
U.S. Initial Claims for Unemployment Insurance Rise in Line with Expectations
Initial claims for unemployment insurance increased 8,000 to 216,000 (1.9% y/y) during the week ending July 13...
Japan's Trade Deficit Narrows
Japan sits in a position where it risks being collateral damage in a U.S.-China trade war...
by Tom Moeller December 14, 2004
The Manpower Employment Outlook Survey indicated continued improvement in U.S. hiring intentions in 1Q05. A seasonally adjusted net 21% of 16,000 employers expect to increase hiring activity and that was the highest level in four years.
Not seasonally adjusted, 24% of employers planned to raise employment versus 20% in 1Q04 while 10% planned to decrease the number of jobs versus 13% a year ago.
Since 1980 there has been a 74% correlation between the Manpower index and the y/y change in non-farm payrolls.
The latest press release from Manpower Inc. covering global employment prospects can be viewed here.
| Manpower Employment Survey | 1Q '05 | 4Q '04 | 1Q '04 | 2004 | 2003 | 2002 |
|---|---|---|---|---|---|---|
| All Industries - Net Higher (SA) | 21 | 20 | 14 | 19 | 11 | 11 |
