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"Our second quarter data paints two very different pictures of recovery," said Jeffrey A. Joerres, Chairman and CEO of Manpower Inc. "At one end of the spectrum we see the emerging markets in overdrive with employers confronting the talent crunch, and on the other we have countries like the U.S. and Japan where we see an improved hiring pace, but clearly not at full speed. We expect to see this uneven, multi-speed recovery persist throughout 2011."
The Manpower survey shows employers in 33 of 39 countries and territories report varying degrees of positive hiring activity for the second quarter. Employers in India, Taiwan, Brazil, China, and Turkey report the strongest second-quarter hiring expectations, while those in Greece, Spain, Ireland and Italy report the weakest forecasts globally.
Hiring plans across the Asia Pacific region continue to be strong with Net Employment Outlooks improving year-over-year in seven of eight countries and territories Manpower surveys. However, compared to three months ago, Outlooks are marginally weaker in Singapore, New Zealand, China and Hong Kong. Regional hiring expectations continue to be strongest in India and Taiwan and weakest in Japan.
"Employers across the Asia Pacific region continue to have a voracious appetite for hiring, with India's strong forecast being led not by Service sector employers, but by those in the Manufacturing sector, where 62 percent expect to add employees in the quarter ahead," said Joerres. "We see a similar picture in China and Taiwan where employers in all sectors expect to ratchet up the hiring pace compared to this time last year. Meanwhile, despite reporting the least robust hiring plans in the region, Japanese employer optimism has grown for seven consecutive quarters—a good sign for job seekers."
As was the case in the first quarter, job prospects across the 21 countries surveyed in the Europe, Middle East and Africa (EMEA) region remain modest, with positive hiring activity expected in 15 countries. The second quarter data does point to some stability in the region with employer forecasts remaining stable or improving from three months ago in 15 countries, while year-over-year comparisons reveal stronger Outlooks in 11 countries. Notably, employers in all of the Eastern European countries surveyed are more optimistic about adding staff than they were in the first quarter. Hiring activity in the EMEA region is expected to be strongest in Turkey, Bulgaria, Belgium and Poland and weakest in Greece and Spain.
"Following the global trend, the emerging market countries of Eastern Europe are more optimistic about their ability to hire than their OECD counterparts to the west," said Joerres. "In Germany, the continued positive outlook is bolstered by the most optimistic hiring plans for the Transport/Storage/Communication sector since the survey was established in 2003—we are seeing German businesses hire temporary labor at a pace last seen in the boom year of 2007. Meanwhile, hiring expectations from Belgian employers are the strongest in nearly five years, led by record optimism in the Finance/Insurance/Real Estate sector."
Hiring outlooks remain positive to varying degrees across all 10 of the countries surveyed in the Americas region. Compared to three months ago, hiring plans are stable or improved in seven of 10 countries and have strengthened modestly in seven compared to this time last year. Regional hiring prospects are most optimistic in Brazil, Argentina and Panama and least robust in Guatemala.
"We should see the same measured hiring pace in the U.S. as we did in the first quarter; however, unadjusted industry sector data reveals some positive signs, such as a notable uptick in the Manufacturing-Durables sector where nearly one in five employers expect to increase payrolls," said Joerres. "A similar trend can be seen to the south where Mexican manufacturers are reporting their strongest hiring intentions since the survey began in 2002."
"Meanwhile, facing the lowest unemployment rate since 2002, Brazilian employers will be challenged to find the right people with the right skills in the quarter ahead—especially in the Finance and Construction and sectors where the demand is strongest," said Joerres. "Individuals with in-demand skills will be in the driver's seat, able to dictate their terms to employers, of how, where and when they work. And naturally these individuals will gravitate to companies and industries which offer the best career development options and display a commitment to social responsibility."
The next Manpower Employment Outlook Survey will be released on 14 June 2011 to report hiring expectations for the third quarter of 2011. The Manpower Employment Outlook Survey is available free of charge to the public through their local Manpower representative in participating countries. To receive e-mail notification when the survey is available each quarter, interested individuals are invited to complete an online subscription form at: http://investor.manpower.com/investors/alerts.cfm.
About the Survey
The global leader in innovative workforce solutions, Manpower Inc. releases the Manpower Employment Outlook Survey quarterly to measure employers' intentions to increase or decrease the number of employees in their workforce during the next quarter. It is the longest running, most extensive, forward-looking employment survey in the world, polling nearly 64,000 employers in 39 countries and territories. The Manpower survey serves as a bellwether of labor market trends and activities. The survey is regularly used to inform the Bank of England's Inflation Reports, as well as a regular data source for the European Commission, informing its EU Employment Situation and Social Outlook report the 'Monthly Monitor'. Manpower's independent survey data is also sourced by financial analysts and economists around the world to help determine where labor markets are headed.
Note to Editors:
Commentary is based on seasonally adjusted data where available. Full survey results for each of the 39 countries and territories included in this quarter's survey, plus regional and global comparisons, can be found in the Manpower Press Room at www.manpower.com/meos. In addition, all tables and graphs from the full report are available to be downloaded for use in publication or broadcast from the Manpower Web site at: http://www.manpower.com/press/meos.cfm
About Manpower Inc.
Manpower Inc. (NYSE: MAN), world leader in innovative workforce solutions; creates and delivers services that help clients meet their business and workforce objectives while enhancing their competitiveness. The $19 billion company provides a full suite of solutions for the business cycle including permanent, temporary and contract recruitment; employee assessment and selection; training; outplacement; outsourcing and consulting. Manpower's worldwide network of nearly 3,900 offices in 82 countries and territories is the world's largest in the industry and enables the company to meet the needs of its 400,000 clients 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 unleashing the potential of humans so that employers and individuals can achieve more than they imagined. More information about Manpower Inc. is available at www.manpower.com.
Enter the Human Age at: www.manpower.com/humanage
SOURCE Manpower Inc.
CONTACT: Britt Zarling of Manpower Inc., +1-414-526-3107, britt.zarling@manpower.com
