Recent Updates
- Singapore: International Trade Press (May); China: 100 City House Prices (May)
- UK: LSL ACAD House Price Indexes (May)
- New Zealand: Motor Vehicle Registration, Performance of Service Index, Composite PMI (May)
- Japan: International Trade (May-Prelim), Output Gap/Potential GDP (Q1)
- US: TIC (Apr)
- US: Consumer Sentiment (Jun-prelim), IP & Capacity Utilization (May)
- more updates...
Economy in Brief
Empire State Manufacturing Index Continues to
Strengthen
The Empire State Manufacturing Index of General Business Conditions rose to 25.0 during June, the highest level in eight months...
EMU Trade Deficit Shrinks
The EMU trade balance shrank in April, stepping back to a surplus of 18.1 bln euros from 19.8 bln euros in March....
U.S. Retail Sales Strengthen
Consumers were in a shopping mood last month. Total retail sales increased
0.8% (5.9% y/y) during May following a 0.4% April gain...
U.S. Initial Unemployment Insurance Claims Sustain Low Range
Initial claims for unemployment insurance eased to 218,000 during the week ended June 9 ...
U.S. Business Inventory Accumulation Continues; Sales
Strengthen
Total business inventories increased 0.3% (4.4% y/y) during
April following a 0.1% March slip...
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 |
