ManpowerGroup Advises U.S. Companies to Expand Operations in Training Hubs, As
U.S. Jobless Rate Hits Four-Year Low
U.S. Bureau of Labor Statistics Reports 146,000 Jobs Added in November,
Regardless of Hurricane Sandy Impact
MILWAUKEE, Dec. 7, 2012
MILWAUKEE, Dec. 7, 2012 /PRNewswire/ -- ManpowerGroup (NYSE: MAN), the world
leader in innovative workforce solutions, says U.S. companies that expand
operations in regions where skills training is a strategic, long-term and
collaborative effort endorsed by educators, government agencies and companies
will have a critical advantage over competitors as the world's talent shortage
intensifies in coming years.
The U.S. Bureau of Labor Statistics today reported that the overall November
jobless rate was 7.7%, down from October's 7.9% rate. The U.S. private sector
added 146,000 new jobs last month, while September's jobs figure was revised
down from 148,000 to 132,000 and October was revised down from 171,000 to
138,000. Employment increased in retail trade, professional and business
services, and health care – regardless of concerns that November's hurricane
would curtail job growth.
"One catalyst behind recent job growth in some sectors is that U.S. companies
are advancing their high-skill training initiatives, a critical step to
creating the right pool of job candidates," said Jeffrey A. Joerres,
ManpowerGroup Chairman and CEO. "These initiatives are often found in U.S.
regions, which have developed advance training hubs that feed several growing
industries. The most effective high-skill job training today is typically
built and sustained by a collaborative public-private sector strategy."
For example, ManpowerGroup Solutions' Strategic Workforce Consulting business
developed, with Competitive Wisconsin Inc. (CWI), a long-term workforce
strategy for the state of Wisconsin that is focused on producing clusters of
in-demand skilled workers. These clusters are designed to cross-train
employees for various industries.
"Many jobs reshored to the United States are high-value-added that require
extensive training," said ManpowerGroup President Jonas Prising. "This
important trend will continue to grow in regions that have proactively aligned
local educators' programming with employers' needs. Companies that can hire
locally will hire locally."
ManpowerGroup's forward-looking Employment Outlook Survey, gauging hiring
intentions among employers in 42 countries and territories for the first
quarter of 2013, is released on Tuesday. Full survey results will appear here:
According to ManpowerGroup's 2012 Talent Shortage Survey results, 49% of U.S.
employers struggle to fill mission-critical positions. Skilled trades,
engineering and IT positions continue to rank among the top 10 hardest jobs to
fill, year after year.
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 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 the ManpowerGroup can help you win in the Human Age at
ManpowerGroup is the most trusted brand in the industry, and was once again
the only company in our industry to be named to the Ethisphere Institute's
2012 World's Most Ethical Companies list for our proven commitment to ethical
business practices, including an outstanding commitment to ethical leadership,
compliance practices and corporate social responsibility.
In January 2011, at the World Economic Forum Annual Meeting in Davos,
Switzerland, ManpowerGroup announced the world has entered the Human Age,
where talent has replaced capital as the key competitive differentiator. This
concept of talentism as the new capitalism continues to resonate and was
echoed as a core theme of the 2012 Annual Meeting of the World Economic Forum
in Davos. Learn more about this new age at www.manpowergroup.com/humanage
Gain access to ManpowerGroup's extensive thought leadership papers, annual
Talent Shortage surveys and the Manpower Employment Outlook Survey, one of the
most trusted indices of employment activity in the world, via the
ManpowerGroup World of Work Insight iPad application. This thought leadership
app explores the challenges faced by employers navigating the changing world
of work and provides in-depth commentary, analysis, insight and advice on
strategies for success.
Follow ManpowerGroup Chairman and CEO Jeff Joerres on Twitter:
twitter.com/manpowergroupjj. Joerres is one of only 20 Fortune 500 CEOs who
leverages a Twitter account to get his message out.
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