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Economy in Brief
U.S. Construction Remains a Relative Bright Spot
Construction spending dropped 2.9% in April with net upward revisions to previous months...
Globally Manufacturing PMIs Rebound
Manufacturing PMIs rose on broad front in May...
U.S. Personal Savings Hits Record Level as Spending Is Curtailed and Income Surges
Spending cutbacks are extensive due to coronavirus...
U.S. International Trade Collapses in April; Deficit Widens
Trade deficit widens to $69.7 billion...
U.S. Chicago Business Barometer Weakens Further During May
Chicago PMI fell to lowest level since March 1982...
by Tom Moeller June 14, 2005
The Manpower Employment Outlook Survey for 3Q '05 indicated further growth in U.S. jobs. The index of hiring intentions held at 21 where it has been for three quarters, indicating that a net 21% of 16,000 employers expect to increase hiring activity.
Since 1980 there has been a 74% correlation between the Manpower index and the y/y change in non-farm payrolls.
Not seasonally adjusted, 31% of employers planned to raise employment in 3Q '05, the highest since late 2000, while only 6% planned to decrease employment.
The latest press release from Manpower Inc. covering global employment prospects can be viewed here.
| Manpower Employment Survey | 3Q '05 | 2Q '05 | 3Q '04 | 2004 | 2003 | 2002 |
|---|---|---|---|---|---|---|
| All Industries - Net Higher (SA) | 21 | 21 | 20 | 19 | 11 | 11 |
