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| | Manpower Employment Outlook Survey Reveals Continued Optimism in U.S. Hiring Through 3 rd Quarter, M
MILWAUKEE (June 15, 2004)
U.S. employers continue to show optimism in their hiring plans moving into the third quarter, according to the latest Manpower Employment Outlook Survey, conducted quarterly by Manpower Inc. Of the 16,000 U.S. employers that were surveyed, 30% expect to add to their payrolls in the third quarter, while 6% predict a decline in staff levels. Fifty-nine percent of employers surveyed foresee no change in job prospects, and 5% are unsure of their hiring expectations. Without seasonal adjustments, the third quarter outlook is slightly more positive than the April - June period. With seasonal variations removed from the survey results, the employment outlook for the coming quarter is identical to second quarter and represents one of the largest year-over-year increases in the survey history.
In our second quarter survey, U.S. employers reported the strongest employment outlook since early 2001. The fact that employers expect to hire at the same pace in the third quarter suggests that they continue to feel confident about the sustainability of demand for their products and services. This is good news for job seekers across the country, said Jeffrey A. Joerres, Chairman & CEO of Manpower Inc.
Those looking for a job are likely to find strong job prospects across the majority of industry sectors surveyed, including Construction, Durable and Non-Durable Goods Manufacturing, Mining, Services and Wholesale/Retail Trade.
"Employer confidence within the Manufacturing sector has steadily improved for the past four quarters of our survey," said Joerres. "The beginning of 2001 was the last time Manufacturers were this willing to envision help wanted signs in their windows."
Job prospects in three of the four U.S. regions, including the Northeast, Midwest and South, are similar to those reported in the second quarter survey. The West is the only region where employers are more optimistic in their hiring plans than they were from April to June. Employers across the regions are unanimous in predicting a much healthier hiring pace than a year ago.
The Manpower Employment Outlook Survey is conducted in a total of 19 countries and territories, including interviews with more than 35,000 employers. Hiring activity for the third quarter is expected to increase in the majority of the world's labor markets compared to last year at this time. Employers in five countries-Belgium, Hong Kong, Netherlands, Singapore and Spain-reported their most optimistic hiring intentions since Manpower began surveying these countries a year ago.
"The third quarter survey data shows the strongest employment expectations in the United States, Canada, Hong Kong and New Zealand," said Joerres. "Employers in many countries are echoing their intentions to hire just as optimistically as they did in our second quarter survey. This is a good sign. Compared with a year ago, hiring intentions have improved in 16 of 19 countries."
The next Manpower Employment Outlook Survey will be released on September 14, 2004 to report hiring expectations for the fourth quarter of 2004.
| | 02/25/2004 | Manpower Inc. Leads Staffing Industry on Fortune's List of America's Most Admired Companies
Manpower Inc. was named one of America's Most Admired Companies by Fortune magazine in its annual report card on corporate reputation. For the second consecutive year, Manpower ranked number one in the temporary help industry, joining companies like Wal-Mart, Microsoft and Southwest Airlines that are at the top of their industries.
"We're proud that our continuous quest for improvement, our commitment to delivering superior services and our solid shareholder returns have been recognized," said Jeffrey A. Joerres, Chairman & CEO of Manpower Inc.
Each company was evaluated in eight areas that are considered key attributes of reputation. Manpower, with improved scores in each category, led the staffing industry in every area, including:
Quality of Products/Services
Quality of Management
Innovation
Financial Soundness
Employee Talent
Long-term Investment
Social Responsibility
Use of Corporate Assets
This is the twenty-second year Fortune has published the list of America?s Most Admired Companies. To determine the industry-specific rankings, Fortune gathered the 10 largest companies by revenues in 64 industries and surveyed 10,000 executives, directors and securities analysts who rated companies in their own industries according to the eight key attributes of reputation.
For more information, contact:
Jodi Zirbel
Voice: 414.906.6453
E-mail: jodi.zirbel@na.manpower.com
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