Despite a General Softening Trend from 12 Months Ago, ManpowerGroup's Global Hiring Confidence Index Shows Positive Third

 Despite a General Softening Trend from 12 Months Ago, ManpowerGroup's Global
  Hiring Confidence Index Shows Positive Third-Quarter Hiring Ahead in Most
                                Labor Markets

Indian Labor Market Motors Ahead as Germany Loses Steam; U.S. Continues Steady

PR Newswire

MILWAUKEE, June 12, 2012

MILWAUKEE, June 12,2012 /PRNewswire/ --According to ManpowerGroup's
(NYSE:MAN) third-quarter 2012 Manpower Employment Outlook Survey released
today, hiring activity is expected to slow from last year at this time in
two-thirds of the countries and territories surveyed. The survey reveals few
clear signs of notable traction in the labor market, and employers are
evidently adopting an intermittent hiring approach in response to economic
uncertainty both at home and abroad. Bucking this trend, Indian employers post
one of their most optimistic forecasts on record, and U.S. job prospects
continue to improve. On the other hand, the German labor market is expected to
lose steam in the quarter ahead after defying the declining trend in Europe
for more than a year. Research shows employers in 33 of 41 countries and
territories surveyed expect varying degrees of positive hiring activity for
the third quarter, with those in 32 labor markets anticipating relatively
stable or improved hiring activity compared to the second quarter. However,
employer hiring expectations weaken in 26 markets compared to this time last


"In labor markets around the world, we are seeing companies hire in a
start-stop mode with no real consistency. There is no doubt that the ongoing
concerns and uncertainty in Europe continue to weigh on the minds of employers
in the global labor market and four consecutive quarters of softening in our
German data reflect this," said Jeffrey A. Joerres, Chairman and CEO of
ManpowerGroup. "The hiring boom should continue in India with the market
experiencing the repatriation of talent from Europe and North America as
Indian nationals return to take advantage of opportunity- and perhaps more
security- at home. Meanwhile, the U.S. outlook represents two straight years
of steady improvement and while we haven't seen meaningful job creation yet,
there are more opportunities for job seekers with the right skills."

The ManpowerGroup research shows varying degrees of positive hiring activity
in 33 of 41 countries and territories with the strongest third-quarter
forecasts coming from employers in India, Taiwan, Brazil, Turkey and
Singapore. Compared to the second quarter, hiring activity is expected to be
relatively stable or improved in 32 labor markets and weaken in 16. Compared
to one year ago, job prospects weaken in 26 countries and territories, and
improve or remain relatively stable in 19. Worldwide, employer hiring
expectations are weakest in Greece, Ireland, Spain, Italy and Hungary.

The short-term hiring outlook across the Europe, Middle East and Africa (EMEA)
region is largely stable with hiring activity expected to be relatively stable
or improved in 20 of the 23 countries. However, the year-over-year comparison
reveals Net Employment Outlooks weaken in 17 countries. Regional hiring plans
are strongest in Turkey, Israel, Bulgaria, Romania and Norway, and weakest in

"The buoyant forecast in Turkey is due, in part, by optimism in the Public
sector as the Labor Ministry has approved funding for 34,000 new positions in
the government and an aggressive recruitment initiative for Education," said
Joerres. "Illustrating the changing tide in Germany, many large companies
there such as Bayer, Opel and Osram plan downsizings in the months ahead.
Similarly, Netherlands employers report their first negative forecast since 2Q
2010 and the weakest outlook for the Manufacturing sector since we've been
conducting our research."

Employer hiring plans remain positive across all 10 countries Manpower surveys
in the Americas, with Net Employment Outlooks declining from three months ago
in six countries. On a more positive note, hiring activity is expected to
remain relatively stable or improve in six countries in comparison to last
year. Regional hiring expectations are strongest in Brazil, Panama and Peru,
and weakest in the U.S. and Argentina. The result for the U.S. represents the
strongest forecast since the third quarter of 2008.

"Contributing to the bright outlook in Brazil are bullish hiring expectations
in the Finance, Insurance and Real Estate sector, where we're seeing the
impact of government measures to cut interest rates to encourage consumer
spending and growth," said Joerres. "Despite posting the strongest forecast in
the Americas, the outlook from Brazil's employers- as well as Argentina's-
is notably more cautious than three months ago and signals the weakest
forecast since 1Q 2010.Meanwhile, in the U.S. hiring is being led by demand
in the Leisure and Hospitality and Professional Business Services sectors."

With the exception of Australia, hiring expectations remain stable or improve
from three months ago in all labor markets ManpowerGroup surveys in the Asia
Pacific region. Compared to 12 months ago, Net Employment Outlooks decline in
five of eight countries and territories, with the most notable decline
occurring in Australia, where job prospects weaken across all industry
sectors. As was the case last quarter, Indian and Taiwanese employers report
the strongest plans in the region, while those in Australia report the weakest
third-quarter job prospects. In Japan, a seven-quarter improvement trend
continues, boosted by the most optimistic Manufacturing forecast since 2Q

"Despite the overall slowdown projected for the Australian market, job
prospects in the Finance, Insurance and Real Estate sector are bucking the
trend as some financial institutions, such as the Bank of Melbourne, are
looking to staff up and open branches to capture market share while their
competitors clamp down on costs," said Joerres. "In India, Services-sector
hiring continues to be strong, while rapid growth in the Retail sector -due
partly to the relaxed legislation regarding single-brand retail- is causing
structural talent shortages that the Retailers Association of India hopes to
combat with the training of five million people in the next five years. Like
India, demand in Services is also fuelling optimism in Taiwan as employers in
its thriving Tourism segment struggle to find the right talent. Meanwhile, the
strong forecasts for China's Chonqing, Wuhan and Suzhou regions this quarter
illustrate how companies are moving operations inland to the central and west
regions from South China coastal hubs as a means of offsetting labor

The next Manpower Employment Outlook Survey will be released on 11 September
2012 to report hiring expectations for the fourth quarter of 2012.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, please
complete an online subscription form at:

About the Survey
The global leader in innovative workforce solutions, ManpowerGroup 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 over 65,000 employers
in 41 countries and territories. The survey serves as a bellwether of labor
market trends and activities and 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. ManpowerGroup's independent survey data is also sourced
by financial analysts and economists around the world to help determine where
labor markets are headed.

About ManpowerGroup™
ManpowerGroup™ (NYSE: MAN), the world leader in innovative workforce
solutions, creates and delivers high-impact solutions that enable our clients
to achieve their business goals and enhance their competitiveness. With over
60 years of experience, our $22 billion company creates unique time to value
through a comprehensive suite of innovative solutions that help clients win in
the Human Age. These solutions cover an entire range of talent-driven needs
from recruitment and assessment, training and development, and career
management, to outsourcing and workforce consulting. ManpowerGroup maintains
the world's largest and industry-leading network of nearly 3,900 offices in
over 80 countries and territories, generating a dynamic mix of an unmatched
global footprint with valuable insight and local expertise to meet the needs
of its 400,000 clients per year, across all industry sectors, small and
medium-sized enterprises, local, multinational and global companies. By
connecting our deep understanding of human potential to the ambitions of
clients, ManpowerGroup helps the organizations and individuals we serve
achieve more than they imagined-- because their success leads to our success.
And by creating these powerful connections, we create power that drives
organizations forward, accelerates personal success and builds more
sustainable communities. We help power the world of work. The ManpowerGroup
suite of solutions is offered through ManpowerGroup™ Solutions, Manpower®,
Experis™ and Right Management®. Learn more about how ManpowerGroup can help
you win in the Human Age at

SOURCE ManpowerGroup
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