Manpower Employment Outlook Survey: United States - Q4, 2005

4th Quarter 2005
Manpower Employment Outlook Survey

United States
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Contents
United States Employment Outlook 2
Regional Comparisons
Sector Comparisons
Global Employment Outlook 14

International Comparisons – Americas
International Comparisons – Asia Pacific
International Comparisons – Europe
About the Survey 20
About Manpower 21
1
Manpower Employment Outlook Survey USA
The United States Employment Outlook

Nearly 16,000 interviews have been conducted with Employer confidence levels are unwavering according
employers across the United States to measure to seasonally adjusted data. For seven straight
anticipated employment trends between October and quarters, the employment outlook for the U.S. has been
December 2005. All participants were asked, “How do virtually unchanged. As a result, hiring plans for the
you anticipate total employment at your location to fourth quarter are very similar to those reported for the
change in the three months to the end of December July – September period and last year at this time.
2005 as compared to the current quarter?”
Throughout this report, we use the term “Net Employment
Among the U.S. employers surveyed, 29% expect to Outlook.” This figure is derived by taking the percentage
add to their payrolls during the fourth quarter, while of employers anticipating an increase in hiring activity
8% plan to reduce staff levels, which yields a Net and subtracting from this the percentage of employers
Employment Outlook of 21%. In addition, 57% of the that expect to see a decrease in employment at their
employers polled report no change in hiring intentions, location in the next quarter.
and 6% are unsure of their staffing plans.
Net Employment Seasonally

Increase Decrease No Change Don’t Know
Outlook Adjusted
% % % % % %
4th Quarter 2005 29 8 57 6 21 20
3rd Quarter 2005 31 6 57 6 25 21
2nd Quarter 2005 30 7 58 5 23 21
1st Quarter 2005 24 10 59 7 14 21
4th Quarter 2004 28 7 60 5 21 20
35
30
25
20
15
10
0
Net Employment Outlook Seasonally Adjusted
-5
’89 ’90 ’91 ’92 ’93 ’94 ’95 ’96 ’97 ’98 ’99 ’00 ’01 ’02 ’03 ’04 ’05
The results of the Manpower Employment Outlook Survey in the United States include Puerto Rico.
2
The variation in hiring plans from third quarter to fourth Employers in the majority of industry sectors are more
quarter is subtle, according to the seasonally adjusted confident about hiring in the final months of 2005 than
data. The most noticeable change is in the Mining they were last year at this time. They include Mining,
sector where employers report a moderate boost in Construction, Transportation/Public Utilities, Education,
job prospects. Services and Public Administration. Job prospects for
the Durable and Non-Durable Goods Manufacturing,
Hiring activity in the other nine industry sectors surveyed
Wholesale/Retail Trade and Finance/Insurance/Real
is expected to remain relatively consistent, with no
Estate sectors are not as positive as they were a year
change at all in the Construction and Transportation/Public
ago, albeit by a small margin.
Utilities sectors. Durable and Non-Durable Goods
Manufacturing and Services employers reveal a hint of
optimism about fourth quarter hiring, while
Wholesale/Retail Trade, Finance/Insurance/Real Estate
and Education employers are more cautious.

Outlook Adjusted
% % % % % %
Construction 28 11 55 6 17 26
Education 26 6 63 5 20 15
Finance, Insurance & Real Estate 22 4 68 6 18 18
Manufacturing – Durables 29 10 56 5 19 22
Manufacturing – Non-Durables 26 9 60 5 17 19
Mining 32 5 55 8 27 28
Public Administration 18 10 67 5 8 14
Services 26 7 60 7 19 23
Transportation & Public Utilities 27 5 61 7 22 21
Wholesale & Retail Trade 36 7 52 5 29 20
At the overall national level, the margin of error on the data is +/– 0.8%.
Hiring patterns in the four U.S. regions are somewhat Hiring plans in the South and West are relatively
varied, according to the seasonally adjusted data. unchanged from a year ago. Staffing is expected to
Employers in the Northeast and Midwest are more pick up slightly in the Northeast, while a minor
optimistic about adding to their payrolls compared to slowdown is likely in the Midwest.
third quarter. Employment activity is expected to stay
The job forecast for the fourth quarter of 2005 is strongest
the same in the West, while employers in the South
in the West. For the second consecutive quarter, the
anticipate a more conservative hiring pace in the
employment outlook is weakest in the Midwest.
coming quarter.

Outlook Adjusted
% % % % % %
Midwest 25 8 62 5 17 18
Northeast 30 8 58 4 22 21
South 30 7 57 6 23 22
West 31 9 51 9 22 23
3
Regional Comparisons
Midwest
Among employers surveyed in the Midwest, 25% plan Services and Public Administration. The most notable
to add staff during the final quarter of 2005, and 8% decline in employer optimism is in the Mining sector.
expect to reduce headcount. Thus, the Net Employment
Employer confidence remains fairly consistent with levels
Outlook is 17%. According to seasonally adjusted data,
reported last year at this time in the majority of sectors.
employers are more positive about hiring projections
Durable and Non-Durable Goods Manufacturing and
than they were last quarter, but are not as optimistic as
Services employers voice similar hiring intentions compared
they were last year at this time. The hiring pace is,
to last year. A slightly stronger hiring pace is expected
however, expected to be somewhat slower than a year
among Education and Public Administration employers,
ago at this time. For the second consecutive quarter,
while those in Transportation/Public Utilities, Wholesale/
employers in the Midwest have the weakest
Retail Trade and Finance/Insurance/Real Estate predict less
employment outlook among the four regions surveyed.
activity. More noticeable changes in hiring plans are evident
More than half of the industry sectors surveyed foresee in the Construction sector where employers foresee a
an uptick in hiring compared with third quarter. They are moderate increase in hiring, and in the Mining sector,
Durable and Non-Durable Goods Manufacturing, where a significant slow down in staffing is anticipated.
Construction, Finance/Insurance/Real Estate, Education,

Outlook Adjusted
% % % % % %
All Industries 25 8 62 5 17 18
Education 19 5 73 3 14 8
Mining 20 20 60 0 0 4
Public Administration 11 13 75 1 -2 9
Services 21 7 66 6 14 18
35
30
25
20
15
10
0
-5
’89 ’90 ’91 ’92 ’93 ’94 ’95 ’96 ’97 ’98 ’99 ’00 ’01 ’02 ’03 ’04 ’05
The Midwest Region comprises the following states: Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio,
South Dakota, Wisconsin.
4
Northeast
Thirty percent of employers surveyed in the Northeast pace is expected to remain consistent in the
intend to increase hiring, while 8% expect a decrease in Construction, Durable Goods Manufacturing and Public
staff levels, which leads to a Net Employment Outlook of Administration sectors.
22%. Seasonally adjusted data reveals that hiring in the
The employment landscape for the coming quarter is
Northeast is likely to return to levels last experienced at
similar to last year at this time in the Mining, Non-Durable
the beginning of the decade.
Goods Manufacturing, Finance/Insurance/Real Estate and
Employers in seven out of 10 sectors surveyed are more Education sectors. Services employers are decidedly
upbeat about hiring conditions than they were in the third more optimistic about hiring than they were a year ago,
quarter. Mining employers are significantly more confident and employer confidence is also more promising in
about their staffing plans, and a more positive Construction, Transportation/Public Utilities, Public
employment outlook is also reported in the Administration and Wholesale/Retail Trade.
Finance/Insurance/Real Estate, Services, Non-Durable Non-Durable Goods Manufacturers report weaker
Goods Manufacturing, Transportation/Public Utilities, hiring plans for the coming quarter.
Wholesale/Retail Trade and Education sectors. The hiring

Outlook Adjusted
% % % % % %
Education 26 8 64 2 18 12
Mining 25 0 75 0 25 11
Services 29 6 59 6 23 27
30
25
20
15
10
-5
-10
’89 ’90 ’91 ’92 ’93 ’94 ’95 ’96 ’97 ’98 ’99 ’00 ’01 ’02 ’03 ’04 ’05
The Northeast Region comprises the following states: Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania,
Rhode Island, Vermont.
5
South
Of the employers surveyed in the South, 30% plan to workers is expected to hold steady in the Mining,
increase employment levels in the final months of 2005, Transportation/Public Utilities, Services and Public
and 7% expect to cut back on staff, which results in a Administration industry sectors, while Durable Goods
Net Employment Outlook of 23%. Seasonally adjusted Manufacturers predict a moderate boost in
data suggests that a slightly slower hiring pace is in store staff requirements.
when compared with third quarter, but the employment
Year-over-year comparisons are more upbeat. The
picture is about the same as it was at this time last year.
fourth quarter of 2005 is likely to bring more positive
In a quarter-over-quarter analysis, a slowdown in hiring employment trends in the Mining, Construction, Durable
is indicated in half of the 10 industries surveyed. Non- Goods Manufacturing, Transportation/Public Utilities,
Durable Goods Manufacturers are considerably less Public Administration, Finance/Insurance/Real Estate
likely to add staff than they were during the third quarter. and Education sectors. Services employers are as
Employers also foresee a slower hiring pace in the optimistic as they were last year, while Wholesale/Retail
Education, Construction, Wholesale/Retail Trade and Trade employers and Non-Durable Goods
Finance/Insurance/Real Estate sectors. Demand for Manufacturers foresee a declining hiring pace.

Outlook Adjusted
% % % % % %
Education 32 4 58 6 28 23
Mining 31 4 55 10 27 27
Services 29 8 57 6 21 24
30
25
20
15
10
0
’89 ’90 ’91 ’92 ’93 ’94 ’95 ’96 ’97 ’98 ’99 ’00 ’01 ’02 ’03 ’04 ’05
The South Region comprises the following states: Alabama, Arkansas, Delaware, District of Columbia, Florida, Georgia, Kentucky, Louisiana,
Maryland, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Virginia, West Virginia.
6
West
In the West, 31% of employers surveyed anticipate an the hiring pace. Public Administration, Construction and
increase in payrolls for the fourth quarter of 2005, while Services employers plan to put the brakes on hiring in
9% expect to reduce employment levels, yielding a Net the fourth quarter.
Employment Outlook of 22%. Seasonally adjusted data
Year-over-year comparisons are varied. Mining and
indicates continued stability in the West, with employer
Education employers are considerably more optimistic
confidence holding steady for a sixth consecutive quarter.
about hiring, and a more positive employment outlook is
Job seekers should take note, as the West reports the
also apparent in the Construction and Wholesale/Retail
most optimistic employment outlook of the regions.
Trade sectors. The employment outlook is similar to last
Compared with third quarter, more positive employment year in the Non-Durable Goods Manufacturing, Services
patterns emerge in the Mining, Non-Durable Goods and Public Administration sectors. Durable Goods
Manufacturing, Transportation/Public Utilities and Manufacturers expect the hiring pace to decline
Education industry sectors. Employers in Durable significantly. A less drastic staffing downturn is expected
Goods Manufacturing, Wholesale/Retail Trade and in the Finance/Insurance/Real Estate and
Finance/Insurance/Real Estate foresee little change in Transportation/Public Utilities sectors.

Outlook Adjusted
% % % % % %
Education 32 8 51 9 24 21
Mining 40 7 46 7 33 37
Services 28 9 52 11 19 23
35
30
25
20
15
10
0
-5
’89 ’90 ’91 ’92 ’93 ’94 ’95 ’96 ’97 ’98 ’99 ’00 ’01 ’02 ’03 ’04 ’05
The West Region comprises the following states: Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon,
Utah, Washington, Wyoming.
7
Sector Comparisons
According to seasonally adjusted data, the employment Finance/Insurance/Real Estate, Services,
outlook is varied among the 10 industry sectors surveyed. Transportation/Public Utilities and Wholesale/Retail Trade.
For the final months of 2005, employers in Mining and The job climate in Education and Public Administration is
Construction express the most optimistic hiring pace. more conservative than in the other sectors, as it has
Healthy job prospects are also in store for Durable and been all year.
Non-Durable Goods Manufacturing,
Construction 17
26
Education 20
15
18
Finance, Insurance & Real Estate
18
19
Manufacturing – Durables
22
17
Manufacturing – Non-Durables
19
27
Mining 28
8
Public Administration 14
19
Services 23
22
Transportation & Public Utilities 21
29
Wholesale & Retail Trade 20
0 5 10 15 20 25 30 35 40 45
8
Construction
There is no end in sight to the strong hiring pattern in As was the case in the third quarter, employers in the
the Construction sector, according to seasonally West are most optimistic about job opportunities for the
adjusted survey data. The fourth quarter employment coming quarter, while those in the Northeast reveal the
outlook is identical to third quarter projections and more weakest hiring intentions.
favorable than a year ago.
40
35
30
25
20
15
10
5
0
-5
-10
-15 Net Employment Outlook Seasonally Adjusted
-20
’89 ’90 ’91 ’92 ’93 ’94 ’95 ’96 ’97 ’98 ’99 ’00 ’01 ’02 ’03 ’04 ’05
Education
When seasonal variations are removed from the data, Job seekers are most likely to find employers seeking
job market stability surfaces in the Education sector. staff in the South, while those in the Midwest are in for
Employer optimism is similar to levels reported in the a more challenging job hunt.
third quarter and slightly improved from a year ago.
25
20
15
10
5
0
-10
’89 ’90 ’91 ’92 ’93 ’94 ’95 ’96 ’97 ’98 ’99 ’00 ’01 ’02 ’03 ’04 ’05
9
Finance, Insurance & Real Estate

After taking a slight tumble in the third quarter, hiring Employers in the Northeast express the strongest hiring
intentions in the Finance/Insurance/Real Estate sector intentions among the four regions surveyed. Midwest
are stable for the fourth quarter, according to seasonally employers are most conservative when it comes to
adjusted data. The hiring pace is expected to remain planning staff additions.
about the same as it was in the third quarter and a
year ago.
25
20
15
10
0
’89 ’90 ’91 ’92 ’93 ’94 ’95 ’96 ’97 ’98 ’99 ’00 ’01 ’02 ’03 ’04 ’05
Manufacturing – Durable Goods

As Durable Goods Manufacturers close out the year, Among the regions, employers in the South reveal the
they reverse course, ending a slow decline in the hiring most optimistic hiring plans, while those in the Northeast
pace that occurred over the previous three quarters. expect a slower hiring pace.
For the fourth quarter, seasonally adjusted hiring plans
are more encouraging than in the July – September
period and similar to those reported for the end of 2004.
35
30
25
20
15
10
5
0
-10
’89 ’90 ’91 ’92 ’93 ’94 ’95 ’96 ’97 ’98 ’99 ’00 ’01 ’02 ’03 ’04 ’05
10
Manufacturing – Non-Durable Goods
When seasonal variations are removed from the data, Hiring in the Non-Durable Goods Manufacturing sector
the October – December period marks the sixth straight is expected to be most plentiful in the West and least
quarter of steady hiring intentions for Non-Durable promising in the South.
Goods Manufacturers. Employer optimism is close to
levels reported in the third quarter and down only
slightly from a year ago.
30
25
20
15
10
5
0
’89 ’90 ’91 ’92 ’93 ’94 ’95 ’96 ’97 ’98 ’99 ’00 ’01 ’02 ’03 ’04 ’05
Mining
Although hiring intentions in the Mining sector took a There is significant disparity in hiring projections among
moderate dip in the third quarter, the fourth quarter the regions. Employers in the West voice the most
forecast indicates that employers have fully recovered optimistic employment outlook, while those in the
their confidence, according to seasonally adjusted data. Midwest lag markedly behind.
In fact, Mining employers report the strongest employment
outlook among the 10 sectors surveyed. A moderate
increase in hiring activity is expected, compared with
the third quarter and a year ago at this time.
30
25
20
15
10
5
0
-5
-10
’89 ’90 ’91 ’92 ’93 ’94 ’95 ’96 ’97 ’98 ’99 ’00 ’01 ’02 ’03 ’04 ’05
11
Public Administration
When seasonal variations are removed from the data, Public Job seekers are likely to find that employers in the South
Administration employers predict little change in the hiring are more willing to add staff than those in the Midwest, who
pace for the fourth quarter. The employment outlook is are approaching the task with a sense of caution.
identical to that reported in the third quarter, but shows a
moderate increase from fourth quarter of 2004.
30
25
20
15
10
5
0
-10
’89 ’90 ’91 ’92 ’93 ’94 ’95 ’96 ’97 ’98 ’99 ’00 ’01 ’02 ’03 ’04 ’05
Services
Employer confidence continues its slow ascent in the Employers in the Northeast offer the most encouraging
Services sector, according to seasonally adjusted employment prospects, while those in the Midwest
survey data. For the fourth quarter, the hiring pace is report the least promising job prospects for the
expected to be slightly stronger than it was during the fourth quarter.
July – September period and a year ago.
30
25
20
15
10
5
0
’89 ’90 ’91 ’92 ’93 ’94 ’95 ’96 ’97 ’98 ’99 ’00 ’01 ’02 ’03 ’04 ’05
12
Transportation & Public Utilities
Seasonally adjusted survey data indicates steady hiring Employers in the South issued the healthiest hiring
in the Transportation/Public Utilities sector. Hiring forecast, and those in the Midwest and West express
projections are identical to those reported in the third the most conservative outlook.
quarter and more positive than they were in the final
quarter of 2004.
25
20
15
10
5
0
-5
’89 ’90 ’91 ’92 ’93 ’94 ’95 ’96 ’97 ’98 ’99 ’00 ’01 ’02 ’03 ’04 ’05
Wholesale & Retail Trade

According to seasonally adjusted survey results, the Regionally, employers in the West have the most
hiring pace in the Wholesale/Retail Trade sector is potential for staff additions. Midwest employers are
expected to wane slightly during the final three months more placid about their staffing plans.
of the year. Job seekers can expect to find fewer
companies seeking to add staff compared with the third
quarter and a year ago.
35
30
25
20
15
10
5
0
-5
-15
’89 ’90 ’91 ’92 ’93 ’94 ’95 ’96 ’97 ’98 ’99 ’00 ’01 ’02 ’03 ’04 ’05
13
Global Employment Outlook

Over 45,000 employers have been interviewed across New Zealand, Canada and the United States reported
23 countries and territories to measure anticipated the strongest hiring expectations, while those in
employment trends between October and Germany, Italy and Austria anticipated the weakest
December 2005. hiring activity. German employers reversed their
positive third quarter hiring expectations with a
Employers in 20 of the 23 countries and territories
negative outlook for the final quarter of 2005.
surveyed expect to add staff during the fourth quarter
of 2005, although 13 of the 23 countries and In the United States and Canada, seasonally adjusted
territories are reporting weaker employment prospects results reveal continued solid hiring activity. In the UK,
than three months ago. Compared to the fourth however, seasonally adjusted figures indicate a
quarter of 2004, labor markets are expected to decidedly weaker outlook than a year ago at this time.
improve in eight of 23 countries. Employers in India,
Net Employment Outlook Qtr on Qtr Change Yr on Yr Change

Americas Quarter 4 2004 Quarter 3 2005 Quarter 4 2005 Q3 2005 to Q4 2005 Q4 2004 to Q4 2005
% % % % %
1 1 1
Canada 13 (17) 1
29 (18) 16 (20) -13 (2) 3 (3)1
Mexico 18 18 19 1 1
United States 21 (20)1 25 (21)1 21 (20)1 -4 (-1)1 0 (0)1

Asia Pacific Quarter 4 2004 Quarter 3 2005 Quarter 4 2005 Q3 2005 to Q4 2005 Q4 2004 to Q4 2005
% % % % %
Australia 17 20 18 -2 1
China - 13 9 -4 -
Hong Kong 25 22 13 -9 -12
India - 34 40 6 -
Japan 11 14 14 0 3
New Zealand 29 23 22 -1 -7
Singapore 14 11 18 7 4
Taiwan - 24 16 -8 -

Europe Quarter 4 2004 Quarter 3 2005 Quarter 4 2005 Q3 2005 to Q4 2005 Q4 2004 to Q4 2005
% % % % %
Austria 4 5 0 -5 -4
Belgium 7 8 8 0 1
France 5 4 5 1 0
Germany -2 4 -2 -6 0
Ireland 14 20 14 -6 0
Italy -1 3 -1 -4 0
Netherlands 6 3 5 2 -1
Norway 7 17 12 -5 5
Spain 5 10 10 0 5
Sweden 9 11 3 -8 -6
Switzerland - 0 3 3 -
UK 18 (14)1 12 (12)1 8 (5)1 -4 (-7)1 -10 (-9)1
1. Number in parentheses is Net Employment Outlook when adjusted to remove the impact of seasonal variations in hiring activity for Canada, the UK
and the United States.
14
International Comparisons – Americas
Over 21,000 interviews have been conducted across Employers in the United States and Canada are most
the United States, Canada and Mexico to measure optimistic about hiring, while Mexican employers also
anticipated employment trends between October and expect a solid hiring pace in the next three months.
December 2005. The overall regional outlook is positive, Fourth quarter hiring expectations among Canadian
with employers in all three countries following the same employers are the strongest they have been in five
stable hiring patterns seen throughout the year. years, based on seasonally adjusted data.
Canada Mexico
50 50
40 40
30 30
20 20
10 10
0 0
-10 -10
-20 -20
2003 2004 2005 2003 2004 2005
Line shows seasonally adjusted data.
USA
50
40
30
20
10
-10
-20
2003 2004 2005
Line shows seasonally adjusted data.
15
International Comparisons – Asia Pacific

Nearly 13,000 interviews have been conducted across internationally. Chinese employers were the least
Asia Pacific to measure anticipated employment trends optimistic in the region about their hiring activities for
between October and December 2005. the three months ahead. Notably, Japanese employers
reported their strongest fourth quarter Net Employment
Employment prospects are positive in all countries
Outlook to date, which remained unchanged from last
surveyed by Manpower in Asia Pacific, although
quarter. Employers in Singapore, Japan and Hong
employers in Hong Kong, Taiwan, China, Australia and
Kong reported considerably improved fourth quarter
New Zealand expect to hire at a slower pace compared
employment prospects compared to those Net
with three months ago. Indian employers reported the
Employment Outlooks recorded in quarter four of 2003
most optimistic hiring expectations in Asia Pacific and
when the survey first began in those countries.
among the other 22 countries and territories surveyed
Australia China
50 50
40 40
30 30
20 20
10 10
0 0
-10 -10
-20 -20
2003 2004 2005 2003 2004 2005
China joined the survey in Q2 2005.
Hong Kong India

50 50
40 40
30 30
20 20
10 10
0 0
-10 -10
-20 -20
2003 2004 2005 2003 2004 2005
India joined the survey in Q3 2005.
16
Japan New Zealand
50 50
40 40
30 30
20 20
10 10
0 0
-10 -10
-20 -20
2003 2004 2005 2003 2004 2005
New Zealand joined the survey in Q2 2004.
Singapore Taiwan
50 50
40 40
30 30
20 20
10 10
0 0
-10 -10
-20 -20
2003 2004 2005 2003 2004 2005
No bar indicates Net Employment Outlook of zero. Taiwan joined the survey in Q2 2005.
17
International Comparisons – Europe

Over 11,000 interviews have been conducted across Italian employers. Irish employment prospects are
12 European nations to measure anticipated employment considerably improved compared to the fourth quarter
trends between October and December 2005. Within two years ago, when employers recorded negative hiring
the majority of the European labor markets surveyed, outlooks. Conversely, employment prospects in Austria
employers reported positive Net Employment Outlooks, returned to zero, a Net Employment Outlook last
however, employers in seven of the 12 countries expect reported by employers there in quarter four of 2003.
the seasonal slowdown in hiring that typically occurs on
Compared to one year ago, labor market activity is
the continent in the fourth quarter.
expected to be similar in most countries, however,
Employer hiring expectations are strongest in Ireland, based on seasonally adjusted data, employer hiring
Norway and Spain. The least optimistic and only negative expectations are notably lower in the UK.
employment prospects were reported by German and
Austria Belgium
50 50
40 40
30 30
20 20
10 10
0 0
-10 -10
-20 -20
2003 2004 2005 2003 2004 2005
No bar indicates Net Employment Outlook of zero.
France Germany
50 50
40 40
30 30
20 20
10 10
0 0
-10 -10
-20 -20
2003 2004 2005 2003 2004 2005
18
Ireland Italy
50 50
40 40
30 30
20 20
10 10
0 0
-10 -10
-20 -20
2003 2004 2005 2003 2004 2005
Netherlands Norway
50 50
40 40
30 30
20 20
10 10
0 0
-10 -10
-20 -20
2003 2004 2005 2003 2004 2005
Spain Sweden
50 50
40 40
30 30
20 20
10 10
0 0
-10 -10
-20 -20
2003 2004 2005 2003 2004 2005
Switzerland UK
50 50
40 40
30 30
20 20
10 10
0 0
-10 -10
-20 -20
2003 2004 2005 2003 2004 2005
Switzerland joined the survey in Q3 2005. Line shows seasonally adjusted data.
19
About the Survey

The Manpower Employment Outlook Survey is conducted Net Employment Outlook
quarterly to measure employers’ intentions to increase or Throughout this report, we use the term “Net Employment
decrease the number of employees in their workforce during Outlook”. This figure is derived by taking the percentage of
the next quarter. The survey has been running for more than employers anticipating an increase in hiring activity and
40 years and is one of the most trusted surveys of employment subtracting from this the percentage of employers that expect to
activity in the world. Various factors underpin the success of the see a decrease in employment at their location in the next quarter.
Manpower Employment Outlook Survey: The result of this calculation is the Net Employment Outlook.
Unique: It is unparalleled in its size, scope, longevity and area
of focus. Seasonal Adjustment
Seasonal adjustments have been applied to the data for
Projective: The Manpower Employment Outlook Survey is the
Canada, United Kingdom and the United States to provide
most extensive, forward-looking employment survey in the
additional insight into the survey data. These adjustments make
world, asking employers to forecast employment over the next
it possible to review the data without the employment
quarter. In contrast, other surveys and studies focus on
fluctuations that normally occur at the same time each year, thus
retrospective data to report on what occurred in the past.
providing a clearer picture of the data over time. Manpower
Focused: For more than four decades, the survey has derived intends to add seasonal adjustments to the data for other
all of its information from a single question. countries in the future, as more historical data is compiled.
Independent: The survey is conducted with a representative
sample of employers from throughout the countries in which it History of the Survey
is conducted. The survey participants are not derived from 1962 1st generation of the Manpower Employment Outlook
Manpower’s customer base. Survey launched in the United States and Canada.
Robust: The survey is based on interviews with more than 1966 Manpower’s UK operation launches the equivalent of the
45,000 public and private employers across 23 countries and United States survey, naming the report the Quarterly
territories to measure anticipated employment trends each Survey of Employment Prospects. The survey adopts the
quarter. This sample allows for analysis to be performed across same forward-looking research format as the United States
specific sectors and regions to provide more detailed information. survey and is the first of its kind in Europe.
1976 2nd generation of Manpower’s Employment Outlook
Survey launched in the United States and Canada.
Methodology
Research methodology is updated to evolve with
The Manpower Employment Outlook Survey is conducted using
advancements in the field of market research.
a validated methodology, in accordance with the highest
2002 Manpower UK’s Quarterly Survey of Employment
standards in market research. The research team for the 23
Prospects is updated to adopt an enhanced research
countries and territories where the survey is currently conducted
methodology. Manpower’s operations in Mexico and
includes Manpower’s Market Intelligence team; the Organization
Ireland launch the survey in their respective countries.
Research and Analysis Division of Right Management
Consultants – an independent operating division of Manpower 2003 3rd generation of the Manpower Employment Outlook
Inc.; NOP World and Grupo IDM. The survey has been Survey is launched, expanding the program to a total 18
structured to be representative of each national economy. The countries and territories worldwide: Australia, Austria,
margin of error for all national, regional and global data is not Belgium, Canada, France, Germany, Hong Kong, Ireland,
greater than +/- 3.9%. Italy, Japan, Mexico, Netherlands, Norway, Singapore,
Spain, Sweden, United Kingdom and United States.
In the United States, the national survey is conducted by
Manpower’s North American Market Intelligence Team and 2004 Manpower operations in New Zealand launch the
includes 16,000 employers. With this number of interviews, the Manpower Employment Outlook Survey.
margin of error for the United States survey is +/- 0.8%. 2005 Manpower operations in China, India, Switzerland and
Taiwan launch the Manpower Employment Outlook Survey.
Survey Question
All employers participating in the survey worldwide are asked the
same question, “How do you anticipate total employment at your
location to change in the three months to the end of December
2005 as compared to the current quarter?”
20
About Manpower Inc. About Manpower USA
Manpower Inc. (NYSE: MAN) is a world leader in the employment In the United States, Manpower offers businesses a range of
services industry, offering customers a continuum of services to HR services, in addition to providing administrative, industrial
meet their needs throughout the employment and business cycle. and contact center personnel. Under the Manpower
The company specializes in permanent, temporary and contract Professional brand, the company places contract professionals
recruitment; employee assessment; training; career transition; on assignment in areas such as information technology,
organizational consulting services and professional financial scientific, finance, engineering and telecommunications. More
services. Manpower’s worldwide network of 4,300 offices in information about Manpower’s US operation can be found at
68 countries and territories enables the company to meet the www.us.manpower.com.
needs of its 400,000 customers per year, including small and
medium size enterprises in all industry sectors, as well as the
world’s largest multinational corporations. The focus of
Manpower’s work is on raising productivity through improved
quality, efficiency and cost-reduction, enabling customers to
concentrate on their core business activities. In addition to the
Manpower brand, the company operates under the brand names
of Right Management Consultants, Jefferson Wells, Elan and
Brook Street. More information on Manpower Inc. is available at
www.manpower.com.
21
4th Quarter 2005
Manpower Employment Outlook Survey

United States
Manpower Inc., 5301 N. Ironwood Rd., Milwaukee, WI 53217

Tel: 414 961 1000
www.us.manpower.com
© 2005, Manpower Inc. All rights reserved.

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4th Quarter 2005

Manpower Employment Outlook Survey

Manpower Inc., 5301 N. Ironwood Rd., Milwaukee, WI 53217

© 2005, Manpower Inc. All rights reserved.

E & O E. THESE PROOFS HAVE BEEN READ AND CHECKED,

Global Employment Outlook 14

About the Survey 20

The United States Employment Outlook

Net Employment Seasonally

Net Employment Seasonally

Net Employment Seasonally

Net Employment Seasonally

Net Employment Seasonally

Net Employment Seasonally

Net Employment Seasonally

Net Employment Outlook Seasonally Adjusted

Finance, Insurance & Real Estate

Manufacturing – Durable Goods

Wholesale & Retail Trade

Global Employment Outlook

Net Employment Outlook Qtr on Qtr Change Yr on Yr Change

Net Employment Outlook Qtr on Qtr Change Yr on Yr Change

Net Employment Outlook Qtr on Qtr Change Yr on Yr Change

Line shows seasonally adjusted data.

Line shows seasonally adjusted data.

International Comparisons – Asia Pacific

China joined the survey in Q2 2005.

Hong Kong India

India joined the survey in Q3 2005.

New Zealand joined the survey in Q2 2004.

International Comparisons – Europe

No bar indicates Net Employment Outlook of zero.

No bar indicates Net Employment Outlook of zero.

About the Survey

Manpower Employment Outlook Survey

Manpower Inc., 5301 N. Ironwood Rd., Milwaukee, WI 53217

© 2005, Manpower Inc. All rights reserved.

E & O E. THESE PROOFS HAVE BEEN READ AND CHECKED,

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