Recent Updates
- US: Monthly Treasury Statement, Wholesale Trade (Jun), Consumer Prices (Jul)
- Brazil: Retail Trade (Jul)
- North Macedonia: Central Bank Bills (Jul)
- Albania: Banking system liabilities (Q2)
- more updates...
Economy in Brief
U.S. Federal Government Budget Deficit Shrinks in July
The U.S. Treasury Department reported a federal budget deficit of $211.1 billion in July...
U.S. Mortgage Applications Rose Slightly in the Latest Week
Mortgage applications increased 0.2% (-62.9% y/y) from one week earlier...
U.S. Productivity Declines in Q2, Pushing Unit Labor Costs Higher
Nonfarm business sector productivity fell 4.6% (AR) during Q2'22...
U.S. Small Business Optimism Edged Up in July
The NFIB Small Business Optimism Index edged up to 89.9 in July...
U.S. Gasoline & Crude Oil Prices Continue Weakening
Retail gasoline prices declined to $4.04 per gallon (+27.3% y/y) last week...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
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 |
