The Manpower Employment Outlook Survey (MEOS) is released quarterly to measure employers' intentions to increase or decrease the number of employees in their workforce during the next quarter.
It is the only forward-looking survey of its kind, unparalleled in size, scope, longevity and area of focus. The survey has been administered for more than 46 years and is one of the most trusted surveys of employment activity in the world.
5. Industry Sectors *NEO: Net Employment Outlook NEO* NAICS Supersector Leisure & Hospitality +18% Wholesale & Retail Trade +9% Professional & Business Services +8% Construction +2% Financial Activities +2% Nondurable Goods Manufacturing +0% Other Services +0%
6. Industry Sectors *NEO: Net Employment Outlook NEO* NAICS Supersector Transportation & Utilities -3% Information -4% Education & Health Services -4% Government -4% Durable Goods Manufacturing -6% Mining -9%
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Editor's Notes
Silent
Hello! I’m Melanie Holmes, Vice President of World of Work Solution for Manpower. As a refresher, each quarter the Manpower Employment Outlook Survey asks more than 28,000 employers across the US what their hiring intentions are for the upcoming quarter. The MEOS, as we affectionately call it, is the only forward looking, predictive survey of its kind and performed each quarter as a public service to our clients and community partners.
Overall, the US hiring pace is still sluggish. Among US employers surveyed, 15% foresee an increase in hiring activity, and 13% expect a decline in staff levels during Quarter 3 2009. Sixty-seven percent anticipate no change in the hiring pace, while 5% are undecided about their July – September hiring plans.
When seasonal variations are removed from the data, the results suggest that employers do not expect the rate of hiring to change when compared to last quarter. However, the third quarter Net Employment Outlook for the U.S. is considerably weaker than last year at this time.
The different industry sectors also have interesting results. For Quarter 3 2009, employers in five of the 13 industry sectors, including Construction, Wholesale & Retail Trade, Financial Activities, Professional & Business Services and Leisure & Hospitality have a positive Outlook. Employers in Nondurable Goods Manufacturing and Other Services have a neutral Outlook.
The Outlook in Mining, Durable Goods Manufacturing, Transportation & Utilities, Information, Education & Health Services and Government indicates that employers in these sectors anticipate a negative hiring pace for July – September 2009.
I also want to touch on what the different regions are anticipating. All regions have a weaker outlook compared to one year ago at this time. Employer optimism about hiring is relatively stable in the South, Northeast and Midwest, while the West has a weaker outlook compared to Q2 2009.
I hope you found this information interesting and helpful. The data shows continued hesitancy among employers. They are treading slowly and watching with guarded optimism, hoping a few quarters of stability will be the precursor to the recovery. While the numbers may not be as optimistic as we would like, it is positive to see no further deterioration. The cautious hiring pace will remain a challenge for job seekers as employers continue to adjust and align their workforces to ride out the downturn.
For the complete results of the survey and a copy of the full research report visit http://us.manpower.com/meos or click on the link below.