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Economy in Brief

Manpower Index Slipped
by Tom Moeller September 13, 2005

The Manpower Employment Outlook Survey for next quarter slipped to 20, down slightly from the average of 21 during the prior three quarters. The index indicates that a net 20% 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, 20% of employers planned to raise employment in 4Q04 while 8% planned to decrease employment.

The latest press release from Manpower Inc. covering global employment prospects can be viewed here.

Manpower Employment Survey 4Q '05 3Q '05 4Q '04 2004 2003 2002
All Industries - Net Higher (SA) 20 21 20 19 11 11
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