Recent Updates
- Portugal: Trade in Services (Oct)
- Germany: PPI (Nov), Unfilled Orders (Oct), Ifo Business Climate Survey (Dec)
- France: Imported Raw Materials Prices (Nov)
- UK: PPI, CPI, RPI (Nov), CBI Industrial Trends Survey (Dec)
- Euro area: Construction Output (Oct)
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- more updates...
Economy in Brief
U.S. Energy Product Prices Ease
Gasoline prices fell to an average $2.37 per gallon (-3.3% y/y)...
German IFO Gauge Is Weaker Than Expected in December
The widely watched German IFO gauge weakened noticeably in December...
U.S. Home Builder Index Weakens Considerably
The Composite Housing Market Index from the NAHB-Wells Fargo declined to 56 during December...
Empire State Manufacturing Sector Improvement Moderates
The Empire State Manufacturing Index of General Business Conditions declined to 10.9 in December...
EMU Trade Shows Some Trade Flow Rebound
Trade flows are rebounding on differing dynamics in the euro area...
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 |
