Global| Mar 12 2013U.S. Manpower Employment Outlook Survey Is Firm
by:Tom Moeller
|in:Economy in Brief
Summary
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 [...]
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.
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.
More Economy in Brief
