2016 Q2 - ManpowerGroup...Q2 2016 Q2 2016 Q1 2016 Q2 2015 Qtr on Qtr Change Q1 2016 to Q2 2016 Yr on...

36
Manpower Employment Outlook Survey UK Q2 2016

Transcript of 2016 Q2 - ManpowerGroup...Q2 2016 Q2 2016 Q1 2016 Q2 2015 Qtr on Qtr Change Q1 2016 to Q2 2016 Yr on...

Page 1: 2016 Q2 - ManpowerGroup...Q2 2016 Q2 2016 Q1 2016 Q2 2015 Qtr on Qtr Change Q1 2016 to Q2 2016 Yr on Yr Change Q2 2015 to Q2 2016 Incr Q2 2016 % % % % % % % 1. Number in parentheses

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ManpoweremploymentOutlookSurveyuK

Q2 2016

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The Manpower Employment Outlook Survey for the second quarter 2016 was conducted by interviewing a representative sample of 2,100 employers in the UK.

All survey participants were asked, “How do you anticipate total employment at your location to change in the three months to the end of June 2016 as compared to the current quarter?”

Contents

uKemploymentOutlook 1Organisation-Size ComparisonsRegional Comparisons Sector Comparisons

GlobalemploymentOutlook 15International Comparisons – EMEAInternational Comparisons – AmericasInternational Comparisons – Asia Pacific

AbouttheSurvey 31

AboutManpowerGroupTM 32uni

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Manpower Employment Outlook Survey 1

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Increase Decrease No Change Don’t Know Net EmploymentOutlook

SeasonallyAdjusted

% % % % % %

Apr-June 2015

July-Sep 2015

Oct-Dec 2015

Apr-June 2016

Jan-Mar 2016

8 2 88 2 6 6

10 2 86 2 8 6

7 3 88 2 4 5

9 2 88 1 7 7

8 3 86 3 5 7

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero’94 ’95 ’96 ’97 ’98 ’99 ’00 ’01 ’02 ’03 ’04 ’05 ’06 ’07 ’08 ’09 ’10 ’11 ’12 ’13 ’14 ’15 ’16

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uKemploymentOutlook

UK employers report cautiously optimistic hiring intentions for the April-June time frame. With 9% of employers expecting to increase staffing levels, 2% anticipating a decrease and 88% forecasting no change, the resulting Net Employment Outlook is +7%.

Once the data is adjusted to allow for seasonal variation, the outlook also stands at +7%. Hiring prospects are unchanged quarter-over-quarter and remain relatively stable when compared with Quarter 2 2015.

Throughout this report, we use the term “Net Employment Outlook”. This figure is derived by taking the percentage of employers anticipating total employment to increase and subtracting from this the percentage expecting to see a decrease in employment at their location in the next quarter. The result of this calculation is the Net Employment Outlook.

From this point forward, all data discussed in the commentary is seasonally adjusted, unless stated otherwise.

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Participating employers are categorised into one of four organisation sizes: Micro businesses have fewer than 10 employees; Small businesses have 10-49 employees; Medium businesses have 50-199 employees; and Large businesses have 200 or more employees.

Workforce gains are expected in all four organisation size categories during the April-June period. The strongest hiring prospects are reported by Large- and Medium-size employers with Net Employment Outlooks of +14% and +12%, respectively. Small employers report cautiously optimistic hiring plans with an outlook of +9% while the outlook for Micro employers is +5%.

Organisation-SizeComparisonsWhen compared with Quarter 1 2016, Large employers report a slight decline of two percentage points, but outlooks remain relatively stable in the remaining three employer size categories.

Year-over-year, slight improvements of two percentage points are reported by Medium- and Micro-size employers. However, the outlook for Large employers declines by four percentage points. Small employers report no year-over-year change in the outlook.

IncreaseOrganisation-Size Decrease No Change Don’t Know Net EmploymentOutlook

SeasonallyAdjusted

% % % % % %

Large-Size 200 or more

Medium-Size 50-199

Small-Size 10-49

Micro-Size fewer than 10

19 7 69 5 12 14

19 5 74 2 14 12

13 2 83 2 11 9

6 1 91 2 5 5

Micro-Size fewer than 10Micro-Size fewer than 10

Graph displays Seasonally Adjusted DataGraph displays Seasonally Adjusted Data

Small-Size 10-49Small-Size 10-49 Medium-Size 50-199Medium-Size 50-199 Large-Size 200 or moreLarge-Size 200 or more

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-10

0

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Manpower Employment Outlook Survey 3

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Payroll gains are forecast in all 12 regions for the upcoming quarter. The strongest hiring pace is anticipated by employers in three regions with Net Employment Outlooks of +10% − the East, London and the South West. Employers in the West Midlands report a cautiously optimistic outlook of +9%, while the outlook stands at +8% in Northern Ireland. Meanwhile, the most cautious forecasts are reported in the North West and Wales, with outlooks of +2% and +3%, respectively.

When compared with the previous quarter, outlooks decline in six of the 12 regions, most notably by seven percentage points in the North West. Decreases of six percentage points are reported in both the South East and Wales. However, hiring plans strengthen in five

East

East Midlands

London

North WestNorth East

Northern Ireland

Scotland

South East

South West

DecreaseQ2 2016 Q2 2016 Q1 2016 Q2 2015

Qtr on QtrChangeQ1 2016

to Q2 2016

Yr on YrChangeQ2 2015

to Q2 2016IncreaseQ2 2016

% % % % % % %

Wales

West Midlands

Yorkshire & the Humber

1. Number in parentheses is the Net Employment Outlook when adjusted to remove seasonal variations.

7

9

10

126

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54

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1

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4 (7)17 (10)1

9 (10)1

7 (6)1

2 (2)1

6 (8)1

11 (6)1

5 (5)1

11 (10)1

6 (8)17 (9)1

9 (9)1

7 (9)1

10 (9)1

-4 (-2)1

0 (6)1

10 (11)1

6 (11)1

8 (11)18 (9)1

6 (7)1

4 (3)1

13 (12)1

-1 (1)1

3 (-2)1

8 (8)1

6 (5)1

-2 (-1)10 (1)1

0 (1)1

0 (-3)1

-8 (-7)1

10 (10)1

11 (0)1

-5 (-6)1

5 (-1)1

-4 (-4)1-1 (1)1

3 (3)1

3 (3)1

-11 (-10)1

7 (7)1

8 (8)1

-3 (-3)1

5 (5)1

5 1 4 (3)1 6 (9)1 9 (8)1 -2 (-6)1 -5 (-5)1

13 2 11 (9)1 0 (4)1 13 (11)1 11 (5)1 -2 (-2)1

8 0 8 (7)1 0 (1)1 4 (3)1 8 (6)1 4 (4)1

RegionalSummaryregions, including Northern Ireland, where employers report a considerable increase of 10 percentage points. Outlooks are six and five percentage points stronger in Yorkshire & the Humber and the West Midlands, respectively.

Year-over-year, employers in seven of the 12 regions report improved hiring intentions. Scottish employers report an increase of eight percentage points, while outlooks are seven and five percentage points stronger in Northern Ireland and the South West, respectively. Elsewhere, hiring prospects decline in five regions. North West employers report the most noteworthy decrease of 10 percentage points while Welsh employers report a decline of five percentage points.

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4 Manpower Employment Outlook Survey

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Employers in seven of the nine industry sectors expect to increase staffing levels during Quarter 2 2016. The strongest hiring prospects are reported in the Community & Social sector, with a Net Employment Outlook of +8%. Some hiring opportunities are anticipated in two sectors with outlooks of +7% − the Finance & Business Services sector and the Hotels & Retail sector – and in the Manufacturing sector where the outlook stands at +6%. Meanwhile, Mining sector employers forecast a flat labour market, reporting an outlook of 0%, while Agriculture sector employers report uncertain hiring intentions with an outlook of -1%.

Agriculture

Community & Social

Construction

Hotels & Retail

Finance & Business Services

Manufacturing

Mining

Transport & Communications

Utilities

DecreaseQ2 2016 Q2 2016 Q1 2016 Q2 2015

Qtr on QtrChangeQ1 2016

to Q2 2016

Yr on YrChangeQ2 2015

to Q2 2016IncreaseQ2 2016

% % % % % % %

1. Number in parentheses is the Net Employment Outlook when adjusted to remove seasonal variations.

11

3

8

8

10

9

6

9

10

1

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1

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10 (8)11 (-1)1

6 (5)1

7 (7)1

8 (7)1

7 (6)1

2 (0)1

5 (6)1

6 (4)1

5 (6)1-2 (0)1

-3 (-1)1

8 (10)1

3 (6)1

4 (5)1

-1 (2)1

8 (8)1

3 (3)1

6 (5)12 (0)1

7 (5)1

7 (7)1

5 (5)1

11 (9)1

11 (8)1

8 (4)1

18 (17)1

5 (2)13 (-1)1

9 (6)1

-1 (-3)1

5 (1)1

3 (1)1

3 (-2)1

-3 (-2)1

3 (1)1

4 (3)1-1 (-1)1

-1 (0)1

0 (0)1

3 (2)1

-4 (-3)1

-9 (-8)1

-3 (2)1

-12 (-13)1

SectorSummaryQuarter-over-quarter, outlooks improve in five of the nine industry sectors, most notably by six percentage points in the Construction sector. Elsewhere, hiring plans weaken in four sectors, including the Finance & Business Services sector, where employers report a decline of three percentage points.

Year-over-year, hiring prospects weaken in four of the nine industry sectors. Utilities sector employers report a considerable decline of 13 percentage points while the outlook for the Mining sector is eight percentage points weaker. Meanwhile, hiring intentions strengthen in three sectors, including the Community & Social sector, where employers report an improvement of three percentage points.

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Manpower Employment Outlook Survey 5

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Employers in all 12 regions expect to increase staffing levels during the April-June period. The strongest labour markets are anticipated by employers in the East, London and the South West, with Net Employment Outlooks of +10%. Elsewhere, West Midlands employers report an outlook of +9% and the outlook for Northern Ireland stands at +8%. Some payroll gains are also forecast for two regions with outlooks of +7% − the East Midlands and Yorkshire & the Humber – and two regions with outlooks of +6% − the North East and Scotland. The quietest hiring climates are expected in the North West and Wales, with outlooks of +2% and +3%, respectively.

When compared with the previous quarter, employers report weaker hiring intentions in six of the 12 regions. The most notable decline of seven percentage points is reported in the North West, while outlooks are six percentage points weaker in the South East and

0 15

East

East Midlands

London

National Average

North East

North West

Northern Ireland

Scotland

South East

South West

Wales

West Midlands

Yorkshire & the Humber

10 7

7 4

10 9

7 7

6 7

2 2

8 6

6 11

5 5

10 11

3 4

9 11

7 8

Net Employment OutlookNet Employment Outlook Seasonally Adjusted OutlookSeasonally Adjusted Outlook

5 10

RegionalComparisonsWales. However, hiring prospects also strengthen in five regions, most notably by 10 percentage points in Northern Ireland. Yorkshire & the Humber employers report an improvement of six percentage points while the West Midlands outlook is five percentage points stronger.

Year-over-year, outlooks improve in seven of the 12 regions. The most noteworthy increases of eight and seven percentage points are reported in Scotland and Northern Ireland, respectively. South West employers report an improvement of five percentage points and the outlook is four percentage points stronger for Yorkshire & the Humber. Meanwhile, hiring plans weaken in five regions. A considerable decline of 10 percentage points is reported in the North West, while outlooks are five and four percentage points weaker in Wales and the East Midlands, respectively.

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6 Manpower Employment Outlook Survey

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EastEmployers continue to report cautiously optimistic hiring intentions with a Net Employment Outlook of +10% for the coming quarter. The outlook remains relatively stable both quarter-over-quarter and year-over-year.

East MidlandsSome hiring opportunities are anticipated in Quarter 2 2016 with employers reporting a Net Employment Outlook of +7%. However, the outlook is the weakest reported since Quarter 1 2014. Hiring plans remain relatively stable quarter-over-quarter but decline by four percentage points year-over-year.

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

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Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

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+7(+10)%

+4(+7)%

+9(+10)% LondonJob seekers can expect the strongest hiring pace since Quarter 3 2013 in the next three months, according to employers who report a Net Employment Outlook of +10%. Hiring intentions remain relatively stable when compared with the previous quarter and are three percentage points stronger year-over-year.

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

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Manpower Employment Outlook Survey 7

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+7(+6)% North EastModest payroll gains are forecast for the April-June time frame with employers reporting a Net Employment Outlook of +6%. While the outlook is three percentage points weaker quarter-over-quarter, employers report a year-over-year improvement of three percentage points.

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

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North WestEmployers expect slow-paced hiring activity in Quarter 2 2016, reporting a Net Employment Outlook of +2%. Hiring intentions decline by seven percentage points quarter-over-quarter and are 10 percentage points weaker when compared with Quarter 2 2015.

Northern IrelandThe strongest labour market since Quarter 4 2007 is forecast for the April-June time frame, with employers reporting a Net Employment Outlook of +8%. Hiring plans are 10 percentage points stronger when compared with the previous quarter and improve by seven percentage points year-over-year.

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

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Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

Northern Ireland joined the survey in Q2 2003 No bar indicates Net Employment Outlook of zero2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

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+2(+2)%

+6(+8)%

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8 Manpower Employment Outlook Survey

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ScotlandThe modest hiring pace is expected to continue in Quarter 2 2016 with employers reporting a Net Employment Outlook of +6% for the second consecutive quarter. Hiring prospects improve by eight percentage points when compared with Quarter 2 2015.

South EastJob seekers can expect some hiring opportunities in the forthcoming quarter, with employers reporting a Net Employment Outlook of +5%. However, hiring plans decline by six and three percentage points quarter-over-quarter and year-over-year, respectively.

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

Scotland joined the survey in Q2 2002 No bar indicates Net Employment Outlook of zero2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

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Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

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+11(+6)%

+5(+5)%

South WestA cautiously optimistic hiring pace is forecast for the next three months with employers reporting a Net Employment Outlook of +10%. Hiring prospects remain relatively stable when compared with the previous quarter and improve by five percentage points year-over-year.

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

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Manpower Employment Outlook Survey 9

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WalesWith a Net Employment Outlook of +3%, employers anticipate some job gains in the coming quarter. However, the outlook declines by six and five percentage points quarter-over-quarter and year-over-year, respectively.

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

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+4(+3)%

West MidlandsReporting a Net Employment Outlook of +9%, employers anticipate a fair hiring climate during the coming quarter. The outlook is five percentage points stronger when compared with Quarter 1 2016, but declines by two percentage points year-over-year.

Yorkshire & the HumberJob seekers can expect to benefit from a moderate hiring pace in Quarter 2 2016, according to employers who report a Net Employment Outlook of +7%. Hiring intentions improve by six and four percentage points quarter-over-quarter and year-over-year, respectively.

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

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Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

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+11(+9)%

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10 Manpower Employment Outlook Survey

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Workforce gains are forecast in seven of the nine industry sectors during Quarter 2 2016. Community & Social sector employers report the strongest hiring prospects with a Net Employment Outlook of +8%. Elsewhere, modest payroll gains are expected in the Finance & Business Services sector and the Hotels & Retail sector, where outlooks stand at +7%. Employers in two sectors report outlooks of +6% − the Manufacturing sector and the Transport & Communications sector – and some job gains are also forecast by Construction sector employers, who report an outlook of +5%. Meanwhile, Agriculture sector employers report uncertain hiring plans with an outlook of -1%, and Mining sector employers anticipate flat hiring activity with an outlook of 0%.

Quarter-over-quarter, hiring prospects strengthen in five of the nine industry sectors. Construction sector employers report the most noteworthy improvement of six percentage points while the outlook for the Community & Social sector is two percentage points

-5 15

Agriculture

Community & Social

Construction

Finance & Business Services

Hotels & Retail

Manufacturing

Mining

National Average

Transport & Communications

Utilities

-1 1

8 10

5 6

7 7

7 8

6 7

0 2

7 7

6 5

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Net Employment OutlookNet Employment Outlook Seasonally Adjusted OutlookSeasonally Adjusted Outlook

0 5 10

SectorComparisonsstronger. Elsewhere, outlooks weaken in four sectors. Finance & Business Services sector employers report a decline of three percentage points and outlooks are two percentage points weaker in both the Mining sector and the Transport & Communications sector.

Year-over-year, employers report weaker hiring plans in four of the nine industry sectors. A considerable decline of 13 percentage points is reported in the Utilities sector, while outlooks are eight and three percentage points weaker in the Mining sector and the Manufacturing sector, respectively. However, Community & Social sector employers report a slight improvement of three percentage points, while outlooks are two percentage points stronger in both the Transport & Communications sector and the Hotels & Retail sector.

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Manpower Employment Outlook Survey 11

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AgricultureEmployers forecast the weakest – and first negative – hiring pace since Quarter 3 2013, reporting a Net Employment Outlook of -1% for the next three months. Hiring prospects remain relatively stable both quarter-over-quarter and year-over-year.

Community & SocialWith a Net Employment Outlook of +8% for the April-June time frame, employers anticipate the strongest labour market in eight years. The outlook improves by two percentage points when compared with the previous quarter and is three percentage points stronger year-over-year.

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

The Agriculture sector joined the survey in Q2 2002 No bar indicates Net Employment Outlook of zero2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

-30

-20

-10

0

10

20

30

40

50

60

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

-30

-20

-10

0

10

20

30

40

50

60

+10(+8)%

+1(-1)%

ConstructionJob seekers can expect some hiring opportunities in the upcoming quarter, according to employers who report a Net Employment Outlook of +5%. The outlook is six percentage points stronger when compared with the previous quarter while remaining unchanged year-over-year.

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

-30

-20

-10

0

10

20

30

40

50

60

+6(+5)%

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12 Manpower Employment Outlook Survey

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Finance & Business ServicesA fair hiring climate is forecast for the April-June time frame, with employers reporting a Net Employment Outlook of +7%. Hiring plans are three percentage points weaker quarter-over-quarter but are unchanged year-over-year.

In the Finance sub-sector, employers anticipate modest job gains with a Net Employment Outlook of +6%. However, hiring intentions weaken by seven and six percentage points quarter-over-quarter and year-over-year, respectively.

Business Services sub-sector employers report cautiously optimistic hiring prospects with a Net Employment Outlook of +8%. The outlook declines by two percentage points when compared with the previous quarter but remains relatively stable year-over-year.

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

-30

-20

-10

0

10

20

30

40

50

60

+7(+7)%

Hotels & RetailJob seekers can expect some hiring opportunities in the forthcoming quarter, according to employers who report a Net Employment Outlook of +7%. Hiring intentions remain relatively stable when compared with the previous quarter and improve by two percentage points year-over-year.

B2B sub-sector employers anticipate a slight increase in staffing levels during Quarter 2 2016, reporting a Net Employment Outlook of +3%. Hiring plans are three percentage points stronger quarter-over-quarter but decline by seven percentage points year-over-year.

In the B2C sub-sector, employers report cautiously optimistic hiring intentions with a Net Employment Outlook of +8%. The outlook improves by two and seven percentage points quarter-over-quarter and year-over-year, respectively, and is the strongest reported since Quarter 3 2007.

Hotels & Restaurants sub-sector employers continue to forecast steady job gains, reporting a Net Employment Outlook of +11% for the next three months. Hiring plans remain relatively stable when compared with the previous quarter and are two percentage points stronger year-over-year.

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

-30

-20

-10

0

10

20

30

40

50

60

+8(+7)%

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ManufacturingEmployers report encouraging signs for job seekers in the forthcoming quarter. The Net Employment Outlook stands at +6%, remaining relatively stable quarter-over-quarter but declining by three percentage points when compared with Quarter 2 2015.

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

-30

-20

-10

0

10

20

30

40

50

60

+7(+6)%

MiningThe weakest hiring pace since Quarter 2 2010 is forecast for the next three months, with employers reporting a flat Net Employment Outlook of 0%. Hiring intentions decline by two and eight percentage points quarter-over-quarter and year-over-year, respectively.

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

The Mining sector joined the survey in Q2 2002 No bar indicates Net Employment Outlook of zero2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

-30

-20

-10

0

10

20

30

40

50

60

+2(0)%

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14 Manpower Employment Outlook Survey

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UtilitiesReporting a Net Employment Outlook of +4%, employers anticipate modest payroll gains during Quarter 2 2016. Hiring prospects remain relatively stable when compared with Quarter 1 2016 but decline by a considerable margin of 13 percentage points year-over-year.

Transport & CommunicationsModest payroll gains are anticipated in Quarter 2 2016, with employers reporting a Net Employment Outlook of +6%. While hiring prospects decline by two percentage points quarter-over-quarter, employers report a year-over-year improvement of two percentage points.

Transport sub-sector employers expect slow-paced hiring activity in Quarter 2 2016, reporting a Net Employment Outlook of +2%. Hiring intentions are five percentage points weaker when compared with Quarter 1 2016 and decline by six percentage points year-over-year.

In the Telecoms sub-sector, employers anticipate a fair hiring climate with a Net Employment Outlook of +8% for the April-June time frame. However, when compared with the previous quarter the outlook declines by eight percentage points. Year-over-year, the outlook is three percentage points stronger.

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

The Utilities sector joined the survey in Q2 2002 No bar indicates Net Employment Outlook of zero2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

-30

-20

-10

0

10

20

30

40

50

60

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

-30

-20

-10

0

10

20

30

40

50

60

+6(+4)%

+5(+6)%

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Manpower Employment Outlook Survey 15

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%

†EMEA – Europe, Middle East and Africa.

1. Number in parentheses is the Net Employment Outlook when adjusted to remove the impact of seasonal variations in hiring activity. Please note that this data is not available for all countries as a minimum of 17 quarters worth of data is required. 

* Indicates unadjusted data.

Quarter 2 2016 Net Employment Outlook

-15 -10 -5 0 5 10 15 20 25 30 35 40 45

-15 -10 -5 0 5 10 15 20 25 30 35 40 45

India

Japan

Taiwan

Colombia

Guatemala

United States

Hong Kong

Costa Rica

Bulgaria

Mexico

Panama

Turkey

Hungary

Poland

Romania

Singapore

Peru

Slovenia

New Zealand

Slovakia

Canada

Israel

Sweden

United Kingdom

China

Finland

Greece

Ireland

South Africa

Australia

Netherlands

Argentina

Norway

Czech Republic

Germany

Austria

Belgium

Spain

Switzerland

Italy

France

Brazil

Quarter 2 2016Qtr on Qtr Change

Q1 2016 to Q2 2016 Yr on Yr Change

Q2 2015 to Q2 2016

Americas

Asia PacificAustralia

China

Hong Kong

Japan

India

New Zealand

Singapore

Taiwan

EMEA†

Austria

Belgium

Bulgaria

Costa Rica

Colombia

United States

Czech Republic

Greece

Hungary

South Africa

SloveniaSlovakia

PolandRomania

Canada

Mexico

Peru

Brazil

Argentina

Guatemala

Panama

France

Germany

Finland

Ireland

Netherlands

Norway

Spain

Turkey

Italy

Switzerland

Sweden

Israel

UK

5 (5)1

3 (1)1

2 (1)1

6 (4)1

29 (22)1

10 (8)1

14 (15)1

39 (38)1

10 (10)1

21 (20)1

10 (7)1

14 (13)1

10 (9)1

-1 (-1)1

3 (2)1

4 (4)1

3 (1)1

7 (5)1

3 (3)1

3 (1)1

9 (7)1

16 (12)1

2 (0)1

-2 (-2)1

3 (-3)1

1 (0)1

-2 (-4)1

8 (-1)1

-1 (-3)1

-1 (0)1

-1 (-3)1

1 (-1)1

0 (-7)1

-4 (-4)1

0 (0)1

-1 (-1)1

-4 (-4)1

0 (1)1

-9 (-9)1

-1 (-1)1

-2 (-2)1

-4 (-4)1

-25 (-25)1

19 (13)1 14 (2)1 5 (4)1

17 (14)1 1 (-2)1 6 (4)119 (18)1 9 (7)1 4 (3)1

18 (16)1 4 (-1)1 0 (0)1

4 (2)1 4 (-1)1 0 (-2)1

10 (5)1 10 (0)1 -4 (-4)1

13 (11)1 4 (-1)1 0 (0)1

5 (5)1 -2 (0)1 -6 (-6)113 (9)1 13 (5)1 1 (1)18 (8)1 -2 (-4)1 0 (0)1

12 (10)1 7 (0)1 3 (3)1

19 (10)1 18 (-1)1 -1 (-1)1

8 (0)1

3 (0)1

2 (0)1

-3 (-3)1-5 (-10)1 5 (-2)1 -8 (-8)1

6 (3)1 -2 (-5)1 0 (0)1

2 (2)118 (18)1 3 (3)1 8 (8)1

2 (1)113 (13)1 2 (1)1 -4 (-4)1

1 (0)1

3 (-1)1-2 (-2)1

5 11 -6

-3 (-3)1

1 (0)1

3 (0)1

0 (-3)1

-1 (-1)1

2 (-2)1

5 (2)1

5 (-3)1

3 (-1)1

0 (0)1

-3 (-3)1

-1 (-1)1

9 (7)1 4 (1)1 -1 (-1)1

0 (0)1

-2 (-3)1

3 (3)1

-5 (-5)1

7 (7)1 2 (0)1 1 (1)1

6 (6)1

+38%

+22%

+20%

+18%

+18%

+16%

+15%

+14%

+13%

+13%

+13%

+12%

+11%

+10%

+10%

+10%

+9%

+9%

+8%

+8%

+7%+7%

+7%

+7%

+5%

+5%*

+5%

+5%

+5%

+4%+4%

+3%+3%

+2%

+2%

+1%

+1%

+1%

+1%

0%

-1%

-10%

GlobalemploymentOutlook

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16 Manpower Employment Outlook Survey

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ManpowerGroup interviewed over 58,000 employers across 42 countries and territories to forecast labour market activity* in Quarter 2 2016. All participants were asked, “How do you anticipate total employment at your location to change in the three months to the end of June 2016 as compared to the current quarter?”

ManpowerGroup’s second-quarter research reveals that job gains are expected in 39 of 42 countries and territories during the April-June time frame. However, despite little indication of labour market contraction, hiring intentions in most countries and territories continue to remain modest. In fact, some key labour markets, such as Germany, France and Italy, are clearly struggling to gain traction amid the current economic uncertainty. Faced with the slowdown in China and ongoing turmoil in commodity markets, most employers across the globe appear to be taking the measured approach of adding staff only when needed.

Despite some anticipated job gains, actual job growth is expected to slow by varying degrees with employers in a slim majority of countries and territories scaling back their hiring plans in both quarter-over-quarter and year-over-year comparisons. Hiring plans strengthen in only eight of 42 countries and territories when compared with the first three months of 2016 and weaken in 22. Outlooks improve in 12 countries and territories when compared with Quarter 2 2015 but decline in 23. Second-quarter hiring confidence is strongest in India, Japan, Taiwan, Colombia and Guatemala, while the weakest hiring prospects are reported in Brazil, France and Italy.

Across the Europe, Middle East & Africa (EMEA) region, workforce gains are forecast in 22 of 24 countries. Hiring plans improve in five countries quarter-over-quarter but weaken in 11. In a year-over-year comparison, job gains are expected to improve in six countries and decline in 13. For the first time in the EMEA region, employers in Bulgaria report the most optimistic hiring intentions. Conversely, French employers report the weakest hiring plans, as well as the only negative forecast in EMEA.

Staffing levels are expected to grow in all eight Asia Pacific countries and territories during the April-June time frame. However, second-quarter forecasts weaken in seven countries and territories when compared with the first three months of the year. Similarly, hiring plans decline by varying margins in seven countries and territories in a year-over-year comparison and strengthen only in Japan. For the third consecutive quarter, employers in India report the most optimistic regional and global hiring plans, while the region’s weakest hiring intentions are reported by Australian employers.

Employers in nine of 10 countries in the Americas region expect some workforce gains in the upcoming quarter. Outlooks improve in three countries and decline in four in a quarter-over-quarter comparison. Year-over-year, hiring prospects are stronger in five countries and decline in only three. Employers in Colombia, Guatemala and the United States report the region’s most optimistic second-quarter hiring plans, while for the fifth consecutive quarter employers in Brazil report an overall decline in payrolls as well as the weakest hiring plans in the region and across the globe.

Full survey results for each of the 42 countries and territories included in this quarter’s survey, plus regional and global comparisons, can be found at

www.manpowergroup.com/meos

The next Manpower Employment Outlook Survey will be released on 14 June 2016 and will detail expected labour market activity for the third quarter of 2016.

* Commentary is based on seasonally adjusted data where available. Data is not seasonally adjusted for Finland.

The Manpower Employment Outlook Survey is ManpowerGroup’s quarterly index of employer hiring confidence.

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ManpowerGroup interviewed nearly 20,000 employers in 24 countries in the Europe, Middle East and Africa (EMEA) region. Outlooks are mostly positive with employers in 22 of 24 countries planning to add to their payrolls in the second quarter. However, in the EMEA region as elsewhere across the globe, forecasts indicate that the hiring pace will be marginally weaker in comparison to the January-March time frame and the second quarter of last year. Employers report weaker hiring intentions in a quarter-over-quarter comparison in 11 countries with forecasts improving in only five. Outlooks decline in 13 countries year-over-year and improve in only six. The region’s strongest second-quarter forecast is reported in Bulgaria, while the weakest forecasts are reported by French and Italian employers.

Hiring intentions in Bulgaria climb to the most optimistic level reported by employers since joining the survey at the start of 2011, fuelled in part by strong hiring plans in the Manufacturing sector and an upbeat forecast in the Construction sector. The hiring pace in Turkey is expected to be similarly steady. Positive forecasts are reported in all industry sectors and regions, but Turkey’s Net Employment Outlook dips to its least optimistic level since the survey was launched there in Quarter 1 2011 and hiring intentions decline in eight of 11 industry sectors both quarter-over-quarter and year-over-year.

Employer confidence is considerably weaker in France. The Net Employment Outlook remains in negative territory for the third consecutive quarter,

InternationalComparisons–eMeAresistant to an encouraging second-quarter surge in the Construction sector where employer confidence improves to its strongest level since Quarter 1 2007. Similarly, the forecast in Italy signals only limited opportunities for job seekers with some gains anticipated by employers in the Wholesale & Retail Trade and Restaurant & Hotel sectors. However, the Net Employment Outlook is relatively stable when compared with the first-quarter results which marked Italy’s first positive forecast in nearly five years.

Elsewhere across the region, prospects are more positive. A favourable hiring climate is expected to welcome job seekers during the April-June time frame in Hungary, Poland and Romania. Outlooks remain cautiously optimistic in Slovenia, Slovakia, Israel and Sweden. Positive, but more modest, hiring intentions are reported in most other countries in the EMEA. This includes the UK, where the expected impact from the implementation of the National Living Wage guidelines has yet to materialise and is, as of yet, having little effect on employer hiring plans. The UK forecast indicates job seekers will have some opportunities in the months ahead, with positive hiring intentions reported by employers in all regions and in seven of nine industry sectors.

Meanwhile, talent demand remains restrained in Germany. The Net Employment Outlook continues to be positive but dips to its least optimistic level since Quarter 4 2013 as forecasts decline from year-ago levels in all industry sectors and all but one of eight regions.

Austria +3 (+1)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero20072006 2008 2009 2010 2011 2012 2013 2014 2015  2016

-20

-10

0

10

20

30

40

50

60

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18 Manpower Employment Outlook Survey

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Belgium +2 (+1)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero20072006 2008 2009 2010 2011 2012 2013 2014 2015  2016

-20

-10

0

10

20

30

40

50

60

Bulgaria +19 (+13)%

Bulgaria joined the survey in Q1 2011 No bar indicates Net Employment Outlook of zero20072006 2008 2009 2010 2011 2012 2013 2014 2015  2016

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

-20

-10

0

10

20

30

40

50

60

Czech Republic +4 (+2)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

Czech Republic joined the survey in Q2 2008 No bar indicates Net Employment Outlook of zero20072006 2008 2009 2010 2011 2012 2013 2014 2015  2016

-20

-10

0

10

20

30

40

50

60

Finland +5%Net Employment OutlookNet Employment Outlook

Finland joined the survey in Q4 2012 No bar indicates Net Employment Outlook of zero20072006 2008 2009 2010 2011 2012 2013 2014 2015  2016

-20

-10

0

10

20

30

40

50

60

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France -1 (-1)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero20072006 2008 2009 2010 2011 2012 2013 2014 2015  2016

-20

-10

0

10

20

30

40

50

60

Germany +3 (+2)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero20072006 2008 2009 2010 2011 2012 2013 2014 2015 2016

-20

-10

0

10

20

30

40

50

60

Greece +10 (+5)%

20072006 2008 2009 2010 2011 2012 2013 2014 2015  2016

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

Greece joined the survey in Q2 2008 No bar indicates Net Employment Outlook of zero

-20

-10

0

10

20

30

40

50

60

Hungary +13 (+11)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

Hungary joined the survey in Q3 2009 No bar indicates Net Employment Outlook of zero20072006 2008 2009 2010 2011 2012 2013 2014 2015  2016

-20

-10

0

10

20

30

40

50

60

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Ireland +7 (+5)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero20072006 2008 2009 2010 2011 2012 2013 2014 2015  2016

-20

-10

0

10

20

30

40

50

60

Israel +9 (+7)%

Israel joined the survey in Q4 2011 No bar indicates Net Employment Outlook of zero20072006 2008 2009 2010 2011 2012 2013 2014 2015  2016

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

-20

-10

0

10

20

30

40

50

60

Italy +2 (0)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero20072006 2008 2009 2010 2011 2012 2013 2014 2015  2016

-20

-10

0

10

20

30

40

50

60

Netherlands +4 (+4)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero20072006 2008 2009 2010 2011 2012 2013 2014 2015  2016

-20

-10

0

10

20

30

40

50

60

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Norway +3 (+3)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero20072006 2008 2009 2010 2011 2012 2013 2014 2015  2016

-20

-10

0

10

20

30

40

50

60

Poland +12 (+10)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

Poland joined the survey in Q2 2008 No bar indicates Net Employment Outlook of zero20072006 2008 2009 2010 2011 2012 2013 2014 2015  2016

-20

-10

0

10

20

30

40

50

60

Romania +19 (+10)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

Romania joined the survey in Q2 2008 No bar indicates Net Employment Outlook of zero20072006 2008 2009 2010 2011 2012 2013 2014 2015  2016

-20

-10

0

10

20

30

40

50

60

Slovakia +8 (+8)%Net Employment OutlookNet Employment Outlook

Slovakia joined the survey in Q4 2011 No bar indicates Net Employment Outlook of zero20072006 2008 2009 2010 2011 2012 2013 2014 2015  2016

Seasonally Adjusted OutlookSeasonally Adjusted Outlook

-20

-10

0

10

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22 Manpower Employment Outlook Survey

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Slovenia +13 (+9)%

Slovenia joined the survey in Q1 2011 No bar indicates Net Employment Outlook of zero20072006 2008 2009 2010 2011 2012 2013 2014 2015  2016

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

-20

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South Africa +5 (+5)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

South Africa joined the survey in Q4 2006 No bar indicates Net Employment Outlook of zero20072006 2008 2009 2010 2011 2012 2013 2014 2015  2016

-20

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0

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Spain +3 (+1)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero20072006 2008 2009 2010 2011 2012 2013 2014 2015  2016

-20

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Sweden +9 (+7)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero20072006 2008 2009 2010 2011 2012 2013 2014 2015  2016

-20

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0

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Manpower Employment Outlook Survey 23

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Switzerland +3 (+1)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero20072006 2008 2009 2010 2011 2012 2013 2014 2015  2016

-20

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Turkey +16 (+12)%

Turkey joined the survey in Q1 2011 No bar indicates Net Employment Outlook of zero20072006 2008 2009 2010 2011 2012 2013 2014 2015  2016

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

-20

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0

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United Kingdom +7 (+7)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero20072006 2008 2009 2010 2011 2012 2013 2014 2015  2016

-20

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0

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24 Manpower Employment Outlook Survey

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The Quarter 2 2016 survey is based on interviews with over 23,000 employers from 10 countries across North, Central and South America. Among the 10 countries, only employers in Brazil expect payrolls to decline during the April-June time frame. Forecasts improve in three countries when compared to first-quarter results, are unchanged in three countries, and slip by varying degrees in four. In a year-over-year comparison, employer hiring intentions improve in five countries, are unchanged in two and decline in three.

Employers in Colombia and Guatemala report the region’s most optimistic second-quarter hiring plans, with forecasts in both countries improving from three months ago and last year at this time. The Colombian forecast is partly fuelled by growing confidence in the Construction sector where employers project the brightest opportunities for job seekers since the sector was first separately analysed in Quarter 1 2013. A similarly favourable hiring environment is expected in Guatemala where nearly one of every four employers report that they intend to hire in the next three months, boosting that country’s forecast to its most optimistic level since the survey began here in Quarter 2 2008.

The U.S. forecast also remains upbeat with employers in all 13 industry sectors and four geographic regions expecting payrolls to grow by varying degrees during the next three months. As they have for the past three years, employers in the Leisure & Hospitality industry sector report the strongest hiring intentions with nearly four of every 10 employers intending to add to payrolls in the second quarter.

InternationalComparisons–AmericasEmployer confidence in Mexico remains positive with workforce gains expected in all industry sectors and regions. The strongest hiring plans are reported by employers in the Manufacturing and the Transport & Communications sectors where approximately one in every five employers expects job gains in the second quarter. Even employers in the Mining & Extraction sector remain cautiously optimistic despite ongoing price pressures in oil and commodities.

Canada’s Net Employment Outlook is unchanged from three months ago and slightly weaker than last year at this time. However, the forecast for the country’s Manufacturing-Durables sector declines considerably in both quarter-over-quarter and year-over-year comparisons as expected manufacturing gains associated with the weaker Canadian dollar have evidently not yet materialised.

Elsewhere, the hiring pace is expected to remain steady in Costa Rica and Panama, while modest job gains are expected in both Peru and Argentina.

The least optimistic hiring plans – in the Americas as well as across the globe – are reported in Brazil where opportunities for job seekers continue to dwindle. Brazil’s Net Employment Outlook continues the steady decline that started in Quarter 4 2011. As a result, employer confidence dips again to the least optimistic level since the survey was launched in Quarter 4 2009.

Argentina +6 (+3)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

Argentina joined the survey in Q1 2007 No bar indicates Net Employment Outlook of zero20072006 2008 2009 2010 2011 2012 2013 2014 2015  2016

-20

-10

0

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60

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Manpower Employment Outlook Survey 25

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Brazil -5 (-10)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

Brazil joined the survey in Q4 2009 No bar indicates Net Employment Outlook of zero20072006 2008 2009 2010 2011 2012 2013 2014 2015  2016

-20

-10

0

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Canada +10 (+7)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero20072006 2008 2009 2010 2011 2012 2013 2014 2015  2016

-20

-10

0

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Colombia +19 (+18)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

Colombia joined the survey in Q4 2008 No bar indicates Net Employment Outlook of zero20072006 2008 2009 2010 2011 2012 2013 2014 2015  2016

-20

-10

0

10

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Costa Rica +17 (+14)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

Costa Rica joined the survey in Q3 2006 No bar indicates Net Employment Outlook of zero20072006 2008 2009 2010 2011 2012 2013 2014 2015  2016

-20

-10

0

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26 Manpower Employment Outlook Survey

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Guatemala +18 (+18)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

Guatemala joined the survey in Q2 2008 No bar indicates Net Employment Outlook of zero20072006 2008 2009 2010 2011 2012 2013 2014 2015  2016

-20

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Mexico +14 (+13)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero20072006 2008 2009 2010 2011 2012 2013 2014 2015 2016

-20

-10

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Panama +13 (+13)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

Panama joined the survey in Q2 2010 No bar indicates Net Employment Outlook of zero20072006 2008 2009 2010 2011 2012 2013 2014 2015  2016

-20

-10

0

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Peru +10 (+9)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

Peru joined the survey in Q2 2006 No bar indicates Net Employment Outlook of zero20072006 2008 2009 2010 2011 2012 2013 2014 2015  2016

-20

-10

0

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+18 (+16)%United States of AmericaSeasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero20072006 2008 2009 2010 2011 2012 2013 2014 2015  2016

-20

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28 Manpower Employment Outlook Survey

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Over 15,000 employers were interviewed in the Asia Pacific region. Employers in each of the eight countries and territories intend to add to their workforces over the next three months. However, the hiring pace is expected to slow in most countries and territories in comparisons to both the prior quarter and last year at this time. Hiring intentions weaken from three months ago in seven countries and territories, and remain unchanged in one. Similarly, when compared to Quarter 2 2015, forecasts weaken in seven and improve in only one. Employers in India and Japan report the strongest second-quarter hiring plans, while those in Australia and China report the weakest.

For the third consecutive quarter, employer confidence in India is stronger than in any of the other 41 countries and territories participating in the survey. Nearly half of employers surveyed expect to add to their payrolls during the April-June time frame, and opportunities for job seekers are expected to be bright in most Indian industry sectors and regions.

Activity in Japan’s labour market is expected to remain strong through the end of June. Forecasts indicate that opportunities for job seekers in Japan will remain solid in most industry sectors and regions, as nearly a third of the country’s employers indicate they have jobs to fill. However, efforts to fill positions continue to be hampered by the challenge of a rapidly shrinking workforce.

InternationalComparisons–AsiapacificConfidence among Taiwan’s employers is expected to be similarly strong. However, the survey indicates the hiring pace will slow for the fourth consecutive quarter. A growing dependence on China in this export-driven market may be discouraging employers from hiring at levels similar to the last several years, and the forecast dips to its least optimistic level since Quarter 4 2009.

Hong Kong’s hiring climate continues to be favourable and job growth has remained relatively stable for eight consecutive quarters, buoyed by a consistently strong Services sector forecast.

Meanwhile, hiring plans in China weaken in comparison to both the prior quarter and Quarter 2 2015. Outlooks are positive in all industry sectors and regions, but are among the weakest reported in the history of the survey. In addition to subdued job growth projections, uncertainty is evidently on the increase as nearly half of the employers surveyed indicate they simply don’t know what their second-quarter hiring plans will be.

A general slowdown is evident across much of the rest of the region. Outlooks decline by varying margins in quarter-over-quarter and year-over-year comparisons in Australia, New Zealand and Singapore. Australia’s Net Employment Outlook is the weakest in two and a half years. In New Zealand job growth is expected to be weaker than at any point since Quarter 4 2009, while the forecast in Singapore drops to its least optimistic level since Quarter 3 2009.

Australia +6 (+4)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero20072006 2008 2009 2010 2011 2012 2013 2014 2015  2016

-20

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Manpower Employment Outlook Survey 29

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+5 (+5)%China           Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero20072006 2008 2009 2010 2011 2012 2013 2014 2015  2016

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Hong Kong +14 (+15)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero20072006 2008 2009 2010 2011 2012 2013 2014 2015  2016

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+39 (+38)%India           Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero20072006 2008 2009 2010 2011 2012 2013 2014 2015  2016

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Japan +29 (+22)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero20072006 2008 2009 2010 2011 2012 2013 2014 2015  2016

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30 Manpower Employment Outlook Survey

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New Zealand +10 (+8)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero20072006 2008 2009 2010 2011 2012 2013 2014 2015  2016

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Singapore +10 (+10)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero20072006 2008 2009 2010 2011 2012 2013 2014 2015  2016

-50-40-30-20-10

010203040506070

Taiwan +21 (+20)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero20072006 2008 2009 2010 2011 2012 2013 2014 2015  2016

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The Manpower Employment Outlook Survey is conducted quarterly to measure employers’ intentions to increase or decrease the number of employees in their workforces during the next quarter. ManpowerGroup’s comprehensive forecast of employer hiring plans has been running for more than 50 years and is one of the most trusted surveys of employment activity in the world. Various factors underpin the success of the Manpower Employment Outlook Survey:

Unique: It is unparalleled in its size, scope, longevity and area of focus.

Projective: The Manpower Employment Outlook Survey is the most extensive, forward-looking employment survey in the world, asking employers to forecast employment over the next quarter. In contrast, other surveys and studies focus on retrospective data to report on what occurred in the past.

Independent: The survey is conducted with a representative sample of employers from throughout the countries and territories in which it is conducted. The survey participants are not derived from ManpowerGroup’s customer base.

Robust: The survey is based on interviews with over 58,000 public and private employers across 42 countries and territories to measure anticipated employment trends each quarter. This sample allows for analysis to be performed across specific sectors and regions to provide more detailed information.

Focused: For more than five decades the survey has derived all of its information from a single question:

For the Quarter 2 2016 research, all employers participating in the survey worldwide are asked the same question, “How do you anticipate total employment at your location to change in the three months to the end of June 2016 as compared to the current quarter?”

AbouttheSurveyMethodologyThe Manpower Employment Outlook Survey is conducted using a validated methodology, in accordance with the highest standards in market research. The survey has been structured to be representative of each national economy. The margin of error for all national, regional and global data is not greater than +/- 3.9%.

In the UK, the national survey includes 2,100 employers. With this number of interviews, the margin of error for the UK survey is +/- 2.1%.

Net Employment OutlookThroughout this report, we use the term “Net Employment Outlook.” This figure is derived by taking the percentage of employers anticipating an increase in hiring activity and subtracting from this the percentage of employers expecting to see a decrease in employment at their location in the next quarter. The result of this calculation is the Net Employment Outlook. Net Employment Outlooks for countries and territories that have accumulated at least 17 quarters of data are reported in a seasonally adjusted format unless otherwise stated.

Seasonal adjustments have been applied to the data for all participating countries except Finland. ManpowerGroup intends to add seasonal adjustments to the data for other countries in the future, as more historical data is compiled. Note that in Quarter 2 2008, ManpowerGroup adopted the TRAMO-SEATS method of seasonal adjustment for data.

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32 Manpower Employment Outlook Survey

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ManpowerGroup® (NYSE: MAN) is the world’s workforce expert, creating innovative workforce solutions for nearly 70 years. As workforce experts, we connect more than 600,000 people to meaningful work across a wide range of skills and industries every day. Through our ManpowerGroup family of brands – Manpower®, Experis®, Right Management® and ManpowerGroup® Solutions – we help more than 400,000 clients in 80 countries and territories address their critical talent needs, providing comprehensive solutions to resource, manage and develop talent. In 2016, ManpowerGroup was named one of the World’s Most Ethical Companies for the sixth consecutive year and one of Fortune’s Most Admired Companies, confirming our position as the most trusted and admired brand in the industry. See how ManpowerGroup makes powering the world of work humanly possible: www.manpowergroup.com

AboutManpowerGroupTM

About Manpower UKManpower is the global leader in contingent and permanent recruitment workforce solutions. It is part of ManpowerGroup, the world’s workforce expert, which creates and delivers high-impact solutions that enable clients to achieve their business goals and enhance their competitiveness.

With a network of offices in cities across the country, Manpower has provided organisations in the UK with a continuum of staffing solutions from the incidental to the strategic for nearly 60 years, working with businesses such as BT, IBM, Royal Mail and Xerox to help them win.

In the Human Age, where talent has replaced access to capital as the key competitive differentiator, Manpower UK leverages its trusted brand to develop a deep talent pool, providing clients with access to the people they need, fast.

Manpower UK creates powerful connections between organisations and the talent they need to enhance their competitiveness and unleash their workforce potential. By creating these powerful connections, we help everybody achieve more than they imagined, and power the world of work.

For more information, see manpower.co.uk

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ManpowerGroup, Capital Court, Windsor Street, Uxbridge, Middlesex UB8 1ABT: 01895 205 200 F: 01895 205 201manpowergroup.co.uk

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