Manpower Employment Outlook Survey Revealing

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<p><strong>Milwaukee &mdash; Sept. 19</strong><br />U.S. employers plan to maintain a stable yet cautious approach toward hiring in the final quarter of 2007, according to the seasonally adjusted results of the latest Manpower Employment Outlook Survey conducted quarterly by Manpower Inc.</p><p>&ldquo;It is not unexpected that U.S. employers have conservative hiring plans for the fourth quarter,&rdquo; said Jeffrey A. Joerres, Manpower Inc. chairman and CEO. &ldquo;The market forces that impact hiring do not conclusively point toward growth or decline, and that is a likely contributor to the prudent hiring trends apparent in the survey throughout 2007.&rdquo;</p><p>Of the 14,000 U.S. employers surveyed, 27 percent expect to increase their workforces during the fourth quarter of 2007, and 9 percent expect to trim their payrolls.  </p><p>Fifty-eight percent expect no change in the hiring pace, and 6 percent are undecided about their hiring plans.  </p><p>The seasonally adjusted survey results show that in the majority of industry sectors, the hiring pace is expected to remain steady during the final months of 2007.  </p><p>Employers in construction, durable and nondurable goods manufacturing, wholesale/retail trade, finance/insurance/real estate, education and services foresee a hiring climate that is relatively unchanged from the third quarter forecast.  </p><p>Mining and transportation/public utilities employers anticipate a slight downturn in hiring pace, and employers in the public administration sector foresee improved job prospects compared with the previous quarter.</p><p>”Companies that deal with producing goods are struggling, but the service sector is doing very well,” said Jonas Prising, Manpower North America president. &ldquo;We can clearly see this trend in the survey results, with services employers reporting the strongest hiring intentions for the fourth quarter, and those in the manufacturing and construction sectors coming in with weaker employment projections.&rdquo;  </p><p>At the regional level, job prospects are most vigorous in the West and weakest in the Northeast for the second consecutive quarter.  </p><p>A notable milestone, services employers in the West are more optimistic about hiring than they have been in more than 25 years of survey data.  Quarter-over-quarter comparisons show that employers in the Northeast, Midwest, South and West expect hiring to remain stable for the next three months. </p><p>In addition to the United States, the Manpower Employment Outlook Survey is conducted in 26 other countries and territories.  </p><p>The quarterly report from Manpower Inc. is the most extensive, forward-looking employment survey in the world, gathering data from nearly 52,000 employers across the globe each quarter.</p><p>The strongest fourth quarter hiring prospects reported globally were in Peru, India, Singapore, Costa Rica, Argentina, Japan, Australia, New Zealand, South Africa and Hong Kong.  </p><p>Italian employers again reported the least robust hiring plans globally. </p><p>Employers in 11 countries and territories are reporting improved hiring plans compared to the third quarter, and job prospects are expected to improve in 14 countries on a year-over-year basis. </p><p>In the Americas, employers in Peru, Costa Rica and Argentina are most optimistic about hiring in next three months. Mexican employers continue to report strong hiring expectations, and the pace of hiring in Canada is expected to remain stable from the third quarter to the fourth but be slightly slower compared with the fourth quarter of 2006.</p><p>Of the countries surveyed in Europe, employers in Norway, Sweden, Spain and Germany are most optimistic about adding to their workforces.  </p><p>Hiring expectations in all these countries increased moderately compared to the fourth quarter of 2006.  </p><p>In contrast, hiring optimism among Irish employers fell considerably from one year ago.</p><p>Employers across the eight countries and territories surveyed in the Asia-Pacific region are reporting varying degrees of positive hiring expectations.  </p><p>Employer optimism increased from the third quarter and one year ago in four of eight countries and territories surveyed.  </p><p>The strongest hiring plans were reported in India, Singapore, Japan and Australia, and employers in Taiwan and China reported the weakest hiring outlooks in the region.</p><p>The next Manpower Employment Outlook Survey will be released Dec. 11 to report hiring expectations for the first quarter of 2008.</p>

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