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Economy in Brief

U.S. Manpower Employment Outlook Survey Is Firm
by Tom Moeller  March 12, 2013

The near-term employment environment should maintain its recent strength, according to Manpower, Inc. On a seasonally adjusted basis, the hiring index did slip to 11, but that left the 2013 outlook average up from 2012. On a not seasonally adjusted basis, the all industries staffing index jumped to 13. 

Industry strength was notable in the information as well as the leisure and hospitality industries. In addition, the professional & business services industries and nondurable manufacturing were firm. The employment outlook in the construction industry improved q/q but the level of 10 remained well under the peaks which were above 20 from 2004-2006. Conversely, while the index level in the education & health services industries fell q/q to 7, it remained up sharply from the reading of 1 in 2009. The outlook for the durable goods manufacturing as well as the professional/business services industries showed less strength.  

The Manpower Inc Employment Outlook Survey is a quarterly measurement of hiring intentions of more than 15,000 employers in 473 cities. Employers declare their intentions to increase, decrease, or maintain the size of their present workforce for the upcoming three-month period. The survey was designed with the assistance of the Survey Research Center of the University of Michigan. The current seasonal adjustments are by Manpower, Inc. Haver calculated the historical seasonally adjusted series. The Manpower figures can be found in Haver's SURVEYS database. 

 

Manpower Inc., Employment Outlook Survey (Net Higher %) Q2'13 Q1'13 Q4'12 2012 2011 2010
All Industries (SA) 11 12 11 10 8 6
All Industries (NSA) 13 9 8 10 8 6
   Construction 10 -2 1 4 1 -2
   Education & Health Services 7 8 8 6 4 2
   Financial Activities 11 11 10 11 8 7
   Government 7 8 4 4 -1 -3
   Information 13 12 9 10 10 6
   Leisure & Hospitality 24 14 13 21 13 17
   Manufacturing - Durable Goods 12 5 8 12 11 5
   Manufacturing - Nondurable Goods 14 5 4 9 10 7
   Professional & Business Services 18 13 13 15 13 11
   Transportation & Utilities 14 4 4 8 7 3
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