Global| Mar 15 2005Manpower Index Suggests More US Jobs
by:Tom Moeller
|in:Economy in Brief
Summary
The Manpower Employment Outlook Survey indicated further growth in U.S. jobs. The 2Q05 index of hiring intentions held at 21 and was nearly double the index's level two years ago. The index indicates that a net 21% of 16,000 employers [...]
The Manpower Employment Outlook Survey indicated further growth in U.S. jobs. The 2Q05 index of hiring intentions held at 21 and was nearly double the index's level two years ago. The index indicates 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, 30% of employers planned to raise employment in 2Q04, the highest since late 2000, while only 7% planned to decrease employment.
Improvement in hiring intentions versus last year was widespread across industries but notable in finance/insurance/real estate, education and public administration. Moderate improvement continued in manufacturing industries but the gains contrast with net job loss three years ago.
The latest press release from Manpower Inc. covering global employment prospects can be viewed here.
| Manpower Employment Survey | 2Q '05 | 1Q '05 | 2Q '04 | 2004 | 2003 | 2002 |
|---|---|---|---|---|---|---|
| All Industries - Net Higher (SA) | 21 | 21 | 20 | 19 | 11 | 11 |
Tom Moeller
AuthorMore in Author Profile »Prior to joining Haver Analytics in 2000, Mr. Moeller worked as the Economist at Chancellor Capital Management from 1985 to 1999. There, he developed comprehensive economic forecasts and interpreted economic data for equity and fixed income portfolio managers. Also at Chancellor, Mr. Moeller worked as an equity analyst and was responsible for researching and rating companies in the economically sensitive automobile and housing industries for investment in Chancellor’s equity portfolio. Prior to joining Chancellor, Mr. Moeller was an Economist at Citibank from 1979 to 1984. He also analyzed pricing behavior in the metals industry for the Council on Wage and Price Stability in Washington, D.C. In 1999, Mr. Moeller received the award for most accurate forecast from the Forecasters' Club of New York. From 1990 to 1992 he was President of the New York Association for Business Economists. Mr. Moeller earned an M.B.A. in Finance from Fordham University, where he graduated in 1987. He holds a Bachelor of Arts in Economics from George Washington University.
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