Recent Updates
- China: 70-City Property Prices (Sep), Capacity Utilization, GDP (Q3)
- US: Regional Retail Sales (Sep)
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- Canada Regional: CPI by Province (Sep), Retail Trade by Province (Aug)
- Canada: CPI (Sep), Retail Trade (Aug)
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Economy in Brief
Canadian Retail Sales Weaken As Inflation Slows
Canada's retail sales show relatively widespread deceleration...
U.S. Leading Economic Indicators Strengthen
The Conference Board's Composite Index of Leading Economic Indicators increased 0.5% (7.0% y/y) during September...
Philadelphia Fed Manufacturing Growth Continues; Pricing Pressure Eases
The Philadelphia Federal Reserve reported that its General Factory Sector Business Conditions Index dipped to 22.2 during October...
U.S. Initial Claims for Unemployment Insurance Ease
Initial claims for unemployment insurance fell to 210,000 (-8.7% y/y) during the week ended October 13...
U.K. Retail Sales: Doing Well-As-Can-Be-Expected Despite September Drop
U.K. retail sales and growth have all held up remarkably well- so far...
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 |
