ManpowerGroup's Global Hiring Confidence Index Reveals Rougher Road Ahead for Job Seekers as Global Labor Market Set to Slow

ManpowerGroup's Global Hiring Confidence Index Reveals Rougher Road Ahead for
      Job Seekers as Global Labor Market Set to Slow Further in 1Q 2013

Hiring Confidence Continues to Deteriorate in Europe, While U.S. Employers
Report Same Steady Hiring Pace

PR Newswire

MILWAUKEE, Dec. 11, 2012

MILWAUKEE, Dec. 11, 2012 /PRNewswire/ -- According to ManpowerGroup's
(NYSE:MAN) first-quarter 2013 Manpower Employment Outlook Survey released
today, the majority of employers in the global labor market are less confident
about adding staff than they were at the start of 2012, suggesting a more
difficult time ahead for job seekers. ManpowerGroup's research shows softer
forecasts in 29 of 42 countries and territories compared to this time last
year, and compared to three months ago shows that hiring intentions fall in 21
countries. The weaker hiring sentiment is most evident across Europe, where
employers in 13 of 24 countries are reporting negative outlooks for the first
quarter, compared to eight countries just three months ago. Despite the
uncertainty that prevails in Europe, the German labor market shows signs of
resilience, as employers there report a similar forecast from three months
ago. The uncertainty in demand also extends to China, where employers report
the weakest hiring plans in three years. Meanwhile, U.S. employers say they
will hire at the same steady pace seen over the past six months.

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"Worldwide, businesses are hesitating with investments due to uncertainty and
this includes their investment in talent," said Jeffrey A. Joerres, Chairman
and CEO of ManpowerGroup. "In Europe, more companies are telling us they will
cut staff to adjust to the weaker demand. In fact, employers in seven European
countries are reporting their weakest forecasts since we have been tracking
hiring trends. But the current softening across global labor markets is much
different than in 2008-2009. We are not seeing widespread doom and gloom, but
rather more of a prolonged standstill in hiring. We do see a few bright spots.
UK employers are reporting the strongest outlook in four years and the German
market should remain steady over the next three months. In addition, job
prospects in the U.S. remain stable, and perhaps now with the elections behind
us the labor market can gain some traction."

ManpowerGroup's hiring confidence index reveals that first-quarter hiring
plans are strongest in Taiwan, India, Brazil, Mexico, Colombia and Panama
while those in Greece, Italy, Spain, Slovakia, Slovenia and the Netherlands
are the weakest worldwide.

Across the Europe, Middle East and Africa (EMEA) region, first-quarter hiring
plans are positive in 11 of 24 countries with Outlooks improving or remaining
relatively stable from three months ago in 13 labor markets. On the other
hand, a year-over-year analysis reveals that the hiring pace is expected to
weaken in three-quarters of the countries surveyed. Job prospects in the
region are expected to be strongest in Turkey, Israel and Romania and weakest
in Greece, Italy and Spain.

"With the eurozone's return to recession, employers are confronted with a
difficult balancing act in the near term," Joerres said. "Companies must find
a way to recalibrate their workforce to align with an uncertain demand for
their products and services and this is no easy task. Furthermore, in Eastern
Europe our data reveals a prevalent weakening trend – hiring intentions fall
from three months ago in all of the countries we survey, with Polish employers
reporting their first-ever negative forecast. In contrast, stronger hiring
plans in Finance and Business Services are helping to fuel a modestly improved
UK outlook."

Employers across the 10 countries ManpowerGroup polls in the Americas continue
to report various degrees of positive hiring activity. Outlooks improve or
remain stable in six of 10 countries quarter-over-quarter, but year-over-year
comparisons reveal weaker hiring plans in seven countries. Regional hiring
expectations are strongest in Brazil, Mexico, Panama and Colombia, and weakest
in Argentina, where hiring expectations bounce back from a weakening trend of
six consecutive quarters. While results for the U.S. are among the least
optimistic in the region, the forecast does represent the strongest U.S.
hiring pace seen since the recession.

"U.S. job seekers should encounter the same measured hiring environment, led
by the Wholesale & Retail Trade sector where one in four employers say they
will hire," said Joerres. "Job prospects in Mexico are the strongest in nearly
five years, but companies and workers alike are trying to assess the long-term
impact of the recent labor market reforms, which include lifting the ban on
part-time employment. Meanwhile, Brazil's hiring forecast – although the most
optimistic in the region – is the weakest on record and represents notable
declines in nearly all industry sectors."

On the other side of the globe in the Asia Pacific region, hiring expectations
remain positive in all labor markets. Job prospects are expected to remain
largely unchanged from three months ago in the majority of countries and
territories surveyed. However, forecasts weaken in five of eight countries
compared to this time last year. Expected demand for talent in the region is
strongest in Taiwan and India and weakest in Australia, where hiring
expectations have steadily fallen over the past year and a half.

"Australia's once booming resource sector is unexpectedly slowing down due to
lower commodity prices and weaker demand from Asia, however the appetite for
skilled talent in the sector remains healthy," Joerres said. "Similarly, in
the Indian market employer demand is notably weaker than 12 months ago across
all industry sectors and more companies are uncertain about their workforce
plans. We see this same growing uncertainty in China where 38 percent of
employers are telling us they simply don't know whether or not they will hire
in the quarter ahead. On the other hand, Taiwanese employers report the same
robust hiring patterns seen over the past six months, led by continued strong
hiring plans in the Services sector. Interestingly, regionwide the
Finance/Insurance/Real Estate sector is expected to bounce back from last
quarter with outlooks improving or remaining relatively stable across all
countries and territories."

The next Manpower Employment Outlook Survey will be released on 12 March 2013
to report hiring expectations for the second quarter of 2013. The Manpower
Employment Outlook Survey is available free of charge to the public through
local Manpower representatives in participating countries. To receive e-mail
notification when the survey is available each quarter, please complete an
online subscription form at:
http://www.manpowergroup.com/investors/alerts.cfm.

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 42 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 3,600 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 ManpowerGroup can help you win in the Human Age at
www.manpowergroup.com.

SOURCE ManpowerGroup

Website: http://www.manpowergroup.com
Contact: Mark Jelfs, +1-414-906-6675, mark.jelfs@manpowergroup.com; Marsha
Barancik +1-414-906-6417, marsha.barancik@manpowergroup.com
 
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