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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 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 |
