Manpower employment Outlook Survey Canada
Transcription
Manpower employment Outlook Survey Canada
Manpower Employment Outlook Survey Canada 2015 Q2 Canadian Employment Outlook The Manpower Employment Outlook Survey for the second quarter 2015 was conducted by interviewing a representative sample of over 1,900 employers in Canada. 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 2015 as compared to the current quarter?” Contents Canadian Employment Outlook 1 Organization-Size Comparisons Regional Comparisons Sector Comparisons Global Employment Outlook 13 International Comparisons – Americas International Comparisons – Asia Pacific International Comparisons – EMEA About the Survey 29 About ManpowerGroupTM 30 Canadian Employment Outlook 2nd Quarter 2015 1st Quarter 2015 4th Quarter 2014 3rd Quarter 2014 2nd Quarter 2014 60 50 40 30 20 10 0 -10 -20 -30 -40 Increase Decrease No Change Don’t Know Net Employment Outlook Seasonally Adjusted % 18 11 12 20 16 % 5 7 7 4 4 % 75 79 79 74 78 % 2 3 2 2 2 % 13 4 5 16 12 % 10 10 8 10 9 Net Employment Outlook Seasonally Adjusted Outlook ’89 ’90 ’91 ’92 ’93 ’94 ’95 ’96 ’97 ’98 ’99 ’00 ’01 ’02 ’03 ’04 ’05 ’06 ’07 ’08 ’09 ’10 ’11 ’12 ’13 ’14 ’15 No bar indicates Net Employment Outlook of zero Canadian employers report respectable hiring intentions for the April-June time frame. With 18% of employers expecting to grow staffing levels, 5% anticipating a decrease and 75% forecasting no change, the resulting Net Employment Outlook stands at +13%. Once the data is adjusted to allow for seasonal variation, the Outlook stands at +10%. Hiring prospects are unchanged when compared with the previous quarter and remain relatively stable year-over-year. 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. Manpower Employment Outlook Survey 1 Organization-Size Comparisons Participating employers are categorized into one of four organization sizes: Micro businesses have less than 10 employees; Small businesses have 10-49 employees; Medium businesses have 50-249 employees; and Large businesses have 250 or more employees. Staffing levels are expected to grow in all four organization-size categories during the coming quarter. The most upbeat Net Employment Outlook of +18% is reported by Medium employers, while Outlooks stand at +14% and +10% for the Large- and Small-size categories, respectively. Micro employers report an Outlook of +4%. Organization-Size Medium-size employers report an improvement of three percentage points when compared with Quarter 2 2014, but the Outlook for Large firms is two percentage points weaker. Elsewhere, hiring plans are unchanged. Increase Decrease No Change Don’t Know Net Employment Outlook Seasonally Adjusted % % % % % % 9 17 28 24 2 5 6 8 88 76 63 64 1 2 3 4 7 12 22 16 4 10 18 14 Micro-Size less than 10 Small-Size 10-49 Medium-Size 50-249 Large-Size 250 or more 50 Quarter-over-quarter, the Outlook for Medium employers is two percentage points stronger, but hiring prospects are two percentage points weaker in the Large-size category. Elsewhere, Micro employers report no change and the Outlook for Small employers remains relatively stable. Micro-Size less than 10 Small-Size 10-49 Medium-Size 50-249 Large-Size 250 or more 40 30 20 10 0 -10 2008 2009 2010 Graph displays Seasonally Adjusted Data 2 Manpower Employment Outlook Survey 2011 2012 2013 2014 2015 Regional Comparisons +18 (+13)% Atlantic Canada Employers expect the steady hiring pace to continue in Quarter 2 2015, reporting a Net Employment Outlook of +13%. Hiring intentions remain relatively stable when compared with the previous quarter and improve by three percentage points year-over-year. Job seekers in eight of the 10 industry sectors can expect to benefit from an increase in staffing levels during the coming quarter, according to employers. The strongest Net Employment Outlooks of +20% are reported in three sectors – the Finance, Insurance & Real Estate sector, the Services sector and the Transportation & Public Utilities sector. Steady hiring activity is anticipated in the Public Administration sector, with an Outlook of +14%, and in the Mining sector, where the Outlook stands at +13%. Elsewhere, Wholesale & Retail Trade sector employers forecast respectable job gains with an Outlook of +11% while the Outlook for the Manufacturing − Durables sector stands at +8%. However, employers in two sectors expect payrolls to decline, most notably in the Education sector where the Outlook is -6%. Quarter-over-quarter, hiring plans weaken in six of the 10 industry sectors, including the Construction sector with a steep decline of 36 percentage points. Noteworthy declines of 20 and 11 percentage points are also reported for the Manufacturing − Non-Durables sector and the Finance, Insurance & Real Estate sector, respectively. Meanwhile, Outlooks strengthen in four sectors. Increases of six percentage points are reported in both the Transportation & Public Utilities sector and the Wholesale & Retail Trade sector, while an improvement of five percentage points is reported by Mining sector employers. When compared with Quarter 2 2014, Outlooks strengthen in five of the 10 industry sectors. Transportation & Public Utilities sector employers report a sharp improvement of 24 percentage points. Elsewhere, the Services sector Outlook is 11 percentage points stronger and increases of six and five percentage points are reported in the Finance, Insurance & Real Estate sector and the Wholesale & Retail Trade sector, respectively. However, hiring prospects also decline in five sectors. Mining sector employers report a decrease of 13 percentage points and Outlooks are 11 percentage points weaker in both the Construction sector and the Education sector. Employers in all seven areas expect to increase payrolls during Quarter 2 2015. The strongest hiring plans are reported in Charlottetown, with an Outlook of +23%, and Halifax, where the Outlook stands at +22%. Upbeat hiring activity is also expected in Cape Breton Area and St. John’s, with Outlooks of +20% and +17%, respectively. The weakest of the seven area Outlooks is reported by employers in Saint John, standing at +5%. When compared with the previous quarter, hiring intentions weaken in four of the seven areas, most notably by seven and three percentage points in Halifax and Fredericton, respectively. Meanwhile, Outlooks improve in three areas. Cape Breton Area employers report an increase of six percentage points while the Outlook for St. John’s is five percentage points stronger. Year-over-year, Outlooks strengthen in six of the seven areas. A steep improvement of 28 percentage points is reported in Charlottetown while the Halifax Outlook is 14 percentage points stronger. Hiring plans increase by six percentage points in both Cape Breton Area and Saint John. However, Moncton employers report a considerable decline of nine percentage points. Increase Decrease No Change Don’t Know Net Employment Outlook Seasonally Adjusted % % % % % % All Industries Construction Education Finance, Insurance & Real Estate Manufacturing – Durables Manufacturing – Non-Durables Mining Public Administration 22 21 7 27 21 13 20 8 4 7 13 7 7 7 0 0 73 71 80 66 71 80 80 92 1 1 0 0 1 0 0 0 18 14 -6 20 14 6 20 8 13 1 -6 20 8 -1 13 14 Services Transportation & Public Utilities Wholesale & Retail Trade 28 21 28 2 0 3 69 79 67 1 0 2 26 21 25 20 20 11 Manpower Employment Outlook Survey 3 +14 (+9)% Ontario A cautiously optimistic hiring climate is forecast for the next three months, with employers reporting a Net Employment Outlook of +9%. Hiring plans remain relatively stable quarter-over-quarter and improve by two percentage points year-over-year. Employers in nine of the 10 industry sectors expect to grow payrolls during Quarter 2 2015. The most upbeat labour market is forecast by employers in the Finance, Insurance & Real Estate sector with an Outlook of +16% − the strongest for the sector since Quarter 3 2011. Steady hiring activity is also expected in the Manufacturing − Durables sector and the Transportation & Public Utilities sector, where Outlooks stand at +15% and +13%, respectively. Construction sector employers report respectable hiring plans with an Outlook of +12%, while Outlooks of +9% are reported in three sectors – the Mining sector, the Services sector and the Wholesale & Retail Trade sector. However, with a Net Employment Outlook of -2%, employers in the Public Administration sector report the weakest – and first negative − hiring intentions since the sector analysis was first carried out in Quarter 1 2004. When compared with Quarter 1 2015, hiring prospects improve in seven of the 10 industry sectors. An increase of five percentage points is reported in the Manufacturing – Durables sector, while employers in the Finance, Insurance & Real Estate sector and the Mining sector report increases of four and three percentage points, respectively. Elsewhere, Outlooks decline in three sectors, most notably by 15 percentage points in the Public Administration sector and by three percentage points in the Transportation & Public Utilities sector. Year-over-year, employers report stronger hiring intentions in six of the 10 industry sectors. Mining sector employers report a considerable improvement of 12 percentage points, while increases of seven and five percentage points are reported in the Construction sector and the Finance, Insurance & Real Estate sector, respectively. Meanwhile, Outlooks decline in four sectors, including the Public Administration sector, where employers report a sharp decrease of 26 percentage points. Employers in 23 of the 24 areas expect to grow staffing levels in the next three months. The most hopeful Outlooks of +19% are reported in Peterborough and Kitchener/Cambridge Area. Upbeat hiring plans are also reported in London, with an Outlook of +17%, and in three areas with Outlooks of +15% − Brockville, Thunder Bay and Welland/Port Colborne. Meanwhile, York Region employers forecast flat hiring activity with an Outlook of 0%, and job gains are expected to be limited in Toronto and Windsor, with Outlooks of +3% and +2%, respectively. When compared with the previous quarter, employers in 13 areas report improved hiring intentions. The most notable increases of 20 and 18 percentage points are reported in Barrie and Fort Erie, respectively, while the Outlook for London is 17 percentage points stronger. However, hiring prospects weaken in 10 areas. The Windsor Outlook declines by a considerable margin of 11 percentage points and decreases of seven percentage points are reported in both York Region and Thunder Bay. Year-over-year, Outlooks strengthen in 15 areas. Increases of 14 percentage points are reported in London and Peterborough with improvements of 13 percentage points in both Belleville and Niagara Falls. Elsewhere, hiring prospects weaken in eight areas, most notably by 10 and seven percentage points in York Region and St. Catharines, respectively. All Industries Construction Education Finance, Insurance & Real Estate Manufacturing – Durables Manufacturing – Non-Durables Mining Public Administration Services Transportation & Public Utilities Wholesale & Retail Trade Increase Decrease No Change Don’t Know Net Employment Outlook Seasonally Adjusted % % % % % % 18 23 13 18 21 16 20 16 15 20 20 4 2 6 0 4 11 8 9 2 2 2 76 74 78 82 72 68 68 70 82 78 74 2 1 3 0 3 5 4 5 1 0 4 14 21 7 18 17 5 12 7 13 18 18 9 12 8 16 15 4 9 -2 9 13 9 4 Manpower Employment Outlook Survey +15 (+11)% Quebec With a Net Employment Outlook of +11%, employers forecast respectable payroll gains during the coming quarter. Hiring intentions are the strongest since Quarter 4 2012, improving by three and five percentage points quarter-over-quarter and year-over-year, respectively. Staffing levels are expected to increase in nine of the 10 industry sectors during the April-June time frame. Finance, Insurance & Real Estate sector employers report the most optimistic Outlook of +28% which is also the strongest for the sector since Quarter 1 2007, while Construction sector employers report the healthiest hiring intentions since Quarter 3 2007 with an Outlook of +26%. Elsewhere, solid job gains are forecast in the Education sector and the Manufacturing − Durables sector, with Outlooks of +23%. Noteworthy Outlooks of +11% and +10% are also reported in the Public Administration sector and the Wholesale & Retail Trade sector, respectively. Elsewhere, Mining sector employers anticipate a flat labour market with an Outlook of 0%. Hiring prospects improve in seven of the 10 industry sectors when compared with Quarter 1 2015. The most notable increases of 18 and 16 percentage points are reported in the Education sector and the Construction sector, respectively. Hiring plans are nine percentage points stronger in both the Finance, Insurance & Real Estate sector and the Manufacturing – Non-Durables sector, while an increase of six percentage points is reported by Manufacturing − Durables sector employers. Meanwhile, hiring plans weaken in three sectors, including the Services sector and the Mining sector, with declines of seven and five percentage points, respectively. Year-over-year, Outlooks improve in eight of the 10 industry sectors. Hiring intentions are 20 percentage points stronger in two sectors – the Construction sector and the Manufacturing − Durables sector, while the Finance, Insurance & Real Estate sector Outlook is 19 percentage points stronger. Manufacturing − Non-Durables sector employers report an improvement of 16 percentage points and the Public Administration sector Outlook is 14 percentage points stronger. Elsewhere, hiring prospects decline by 13 and five percentage points in the Services sector and the Mining sector, respectively. Seasonally adjusted data is available for four of the five areas in Quebec, but figures for Laval (*) are not seasonally adjusted. Staffing levels are expected to grow in all five areas during Quarter 2 2015. The most active hiring intentions are reported in Quebec City, with an Outlook of +29%. Monteregie (formerly Granby) employers anticipate an upbeat hiring pace with an Outlook of +19%, while Laval* employers expect some job gains, reporting an Outlook of +7%. When compared with the previous quarter, Outlooks improve in three areas. Sharp increases of 22 percentage points are reported in both Monteregie (formerly Granby) and Quebec City, while the Outlook for Laval* is 11 percentage points stronger. Meanwhile, hiring prospects decline by 11 and three percentage points in Montreal and Eastern Townships (formerly Sherbrooke), respectively. Employers report stronger hiring prospects in three areas year-over-year. The most notable increase of 31 percentage points is reported in Monteregie (formerly Granby) and the Quebec City Outlook improves by 17 percentage points. Meanwhile, Montreal employers report a decline of six percentage points. All Industries Construction Education Finance, Insurance & Real Estate Manufacturing – Durables Manufacturing – Non-Durables Mining Public Administration Services Transportation & Public Utilities Wholesale & Retail Trade Increase Decrease No Change Don’t Know Net Employment Outlook Seasonally Adjusted % % % % % % 21 36 29 35 22 21 14 21 15 19 18 6 0 5 0 0 7 9 7 9 6 8 70 64 66 65 78 68 73 71 65 75 74 3 0 0 0 0 4 4 1 11 0 0 15 36 24 35 22 14 5 14 6 13 10 11 26 23 28 23 9 0 11 2 9 10 Manpower Employment Outlook Survey 5 +10 (+9)% Western Canada Employers expect a fair hiring climate in the forthcoming quarter, reporting a Net Employment Outlook of +9%. Hiring prospects remain relatively stable when compared with the previous quarter but decline by five percentage points year-over-year. Payrolls are forecast to grow in nine of the 10 industry sectors during the next three months. The most respectable labour markets are reported in two sectors with Outlooks of +19% − the Public Administration sector, where hiring plans are the strongest since Quarter 4 2008, and the Finance, Insurance & Real Estate sector. Transportation & Public Utilities sector employers report an Outlook of +15% while Outlooks stand at +13% in both the Construction sector and the Wholesale & Retail Trade sector. Encouraging signs for job seekers are also reported in the Education sector and the Services sector, with Outlooks of +9% and +8%, respectively. However, Mining sector employers report the weakest – and first negative − hiring intentions since the sector analysis was first carried out in Quarter 1 2004, with an Outlook of -5%. When compared with the previous quarter, employers report stronger hiring prospects in eight of the 10 industry sectors. The most noteworthy improvements of five and four percentage points are reported in the Finance, Insurance & Real Estate sector and the Services sector, respectively. Meanwhile, Outlooks weaken in two sectors, declining by 14 percentage points in the Mining sector and by four percentage points in the Manufacturing − Durables sector. Year-over-year, hiring plans weaken in seven of the 10 industry sectors. The Mining sector Outlook decreases by a steep margin of 24 percentage points while Manufacturing − Durables sector employers report a decrease of 13 percentage points. Elsewhere, Outlooks are nine and eight percentage points weaker in the Education sector and the Construction sector, respectively. However, hiring intentions strengthen in two sectors. The Public Administration sector Outlook improves by nine percentage points while an increase of seven percentage points is reported by employers in the Finance, Insurance & Real Estate sector. Employers in 10 of the 11 areas expect to grow payrolls during the upcoming quarter. The most optimistic labour market is anticipated in Surrey where the Outlook stands at +27%. Employers report upbeat hiring plans in Burnaby-Coquitlam and Richmond-Delta, with Outlooks of +17% and +15%, respectively, while the Outlook for Regina stands at +12%. Meanwhile, Red Deer employers forecast a flat labour market, reporting an Outlook of 0%. Quarter-over-quarter, hiring prospects improve in six areas, most notably by 15 percentage points in Burnaby-Coquitlam and by 13 percentage points in Surrey. Elsewhere, Outlooks are six and five percentage points stronger in Regina and Winnipeg, respectively. However, hiring intentions weaken in four areas including Calgary and Victoria & Capital Regional District, where Outlooks decline by 11 and nine percentage points, respectively. When compared with Quarter 2 2014, hiring intentions weaken in six areas. Edmonton employers report a sharp decline of 24 percentage points and Outlooks decrease by 12 percentage points in both Calgary and Winnipeg. Elsewhere, hiring plans improve in five areas, most notably by 17 percentage points in Surrey, while an increase of seven percentage points is reported in Burnaby-Coquitlam. All Industries Construction Education Finance, Insurance & Real Estate Manufacturing – Durables Manufacturing – Non-Durables Mining Public Administration Services Transportation & Public Utilities Wholesale & Retail Trade Increase Decrease No Change Don’t Know Net Employment Outlook Seasonally Adjusted % % % % % % 16 29 12 18 11 10 5 20 15 20 19 6 4 9 0 6 5 20 0 5 2 2 77 67 79 82 80 83 69 73 80 78 78 1 0 0 0 3 2 6 7 0 0 1 10 25 3 18 5 5 -15 20 10 18 17 9 13 9 19 5 6 -5 19 8 15 13 6 Manpower Employment Outlook Survey Sector Comparisons Employers in all 10 industry sectors expect to grow payrolls during the April-June time frame. The most favourable hiring prospects are reported by Finance, Insurance & Real Estate sector employers with a Net Employment Outlook of +19%. Steady job gains are forecast by Transportation & Public Utilities sector employers with an Outlook of +14%, while Outlooks stand at +13% and +12% for the Construction sector and the Wholesale & Retail Trade sector, respectively. Manufacturing − Durables sector employers forecast respectable workforce gains with an Outlook of +11% and Services sector employers report a cautiously optimistic Outlook of +9%. Meanwhile, hiring prospects weaken in four sectors. The Public Administration sector Outlook declines by five percentage points while a decrease of four percentage points is reported by Mining sector employers. Year-over-year, employers in six of the 10 industry sectors report stronger hiring intentions. The most noteworthy improvement of seven percentage points is reported in the Finance, Insurance & Real Estate sector, while increases of four and three percentage points are reported for the Wholesale & Retail Trade sector and the Manufacturing − Non-Durables sector, respectively. Elsewhere, Outlooks decline in three sectors. A decrease of nine percentage points is reported by Mining sector employers while Outlooks are four percentage points weaker in both the Public Administration sector and the Education sector. When compared with Quarter 1 2015, hiring plans strengthen in four of the 10 industry sectors. The most noteworthy improvements of three percentage points are reported in the Finance, Insurance & Real Estate sector and the Wholesale & Retail Trade sector. Net Employment Outlook Seasonally Adjusted Outlook Construction 23 13 6 Education 8 Finance, Insurance & Real Estate 19 Manufacturing – Durables 15 11 7 Manufacturing – Non-Durables 3 0 Mining 1 Public Administration 12 8 Services 13 9 Transportation & Public Utilities 18 14 Wholesale and Retail Trade 17 12 0 20 5 10 15 20 25 Manpower Employment Outlook Survey 7 +23 (+13)% Construction Job seekers can expect a steady hiring pace in Quarter 2 2015, with employers reporting a Net Employment Outlook of +13%. Hiring prospects remain relatively stable quarter-over-quarter and improve by two percentage points year-over-year. 60 50 40 30 20 10 0 -10 -20 -30 -40 Net Employment Outlook Seasonally Adjusted Outlook ’89 ’90 ’91 ’92 ’93 ’94 ’95 ’96 ’97 ’98 ’99 ’00 ’01 ’02 ’03 ’04 ’05 ’06 ’07 ’08 ’09 ’10 ’11 ’12 ’13 ’14 ’15 No bar indicates Net Employment Outlook of zero +6 (+8)% Education The moderate hiring pace is forecast to continue in the April-June time frame, with employers reporting a Net Employment Outlook of +8% for the second consecutive quarter. However, the Outlook declines by four percentage points year-over-year. 60 50 40 30 20 10 0 -10 -20 -30 -40 Net Employment Outlook Seasonally Adjusted Outlook ’89 ’90 ’91 ’92 ’93 ’94 ’95 ’96 ’97 ’98 ’99 ’00 ’01 ’02 ’03 ’04 ’05 ’06 ’07 ’08 ’09 ’10 ’11 ’12 ’13 ’14 ’15 No bar indicates Net Employment Outlook of zero 8 Manpower Employment Outlook Survey +20 (+19)% Finance, Insurance & Real Estate Employers anticipate the strongest hiring climate since Quarter 4 2010 during the upcoming quarter, reporting a Net Employment Outlook of +19%. Hiring intentions improve by three percentage points when compared with the previous quarter and are seven percentage points stronger year-over-year. 60 50 40 30 20 10 0 -10 -20 -30 -40 Net Employment Outlook Seasonally Adjusted Outlook ’89 ’90 ’91 ’92 ’93 ’94 ’95 ’96 ’97 ’98 ’99 ’00 ’01 ’02 ’03 ’04 ’05 ’06 ’07 ’08 ’09 ’10 ’11 ’12 ’13 ’14 ’15 No bar indicates Net Employment Outlook of zero +15 (+11)% Manufacturing – Durable Goods With a Net Employment Outlook of +11%, employers forecast respectable payroll gains during the next three months. While the Outlook is three percentage points weaker quarter-overquarter, employers report a year-over-year improvement of two percentage points. 60 50 40 30 20 10 0 -10 -20 -30 -40 Net Employment Outlook Seasonally Adjusted Outlook ’89 ’90 ’91 ’92 ’93 ’94 ’95 ’96 ’97 ’98 ’99 ’00 ’01 ’02 ’03 ’04 ’05 ’06 ’07 ’08 ’09 ’10 ’11 ’12 ’13 ’14 ’15 No bar indicates Net Employment Outlook of zero Manpower Employment Outlook Survey 9 +7 (+3)% Manufacturing – Non-Durable Goods A slight increase in staffing levels is likely in Quarter 2 2015, according to employers who report a Net Employment Outlook of +3%. Hiring prospects are two percentage points weaker when compared with the previous quarter but improve by three percentage points year-over-year. 60 50 40 30 20 10 0 -10 -20 -30 -40 Net Employment Outlook Seasonally Adjusted Outlook ’89 ’90 ’91 ’92 ’93 ’94 ’95 ’96 ’97 ’98 ’99 ’00 ’01 ’02 ’03 ’04 ’05 ’06 ’07 ’08 ’09 ’10 ’11 ’12 ’13 ’14 ’15 No bar indicates Net Employment Outlook of zero 0 (+1)% Mining Reporting a Net Employment Outlook of +1%, employers anticipate the weakest hiring pace since Quarter 3 2009 during the coming quarter. Hiring prospects decline by four percentage points quarter-over-quarter and are nine percentage points weaker year-over-year. 60 50 40 30 20 10 0 -10 -20 -30 -40 Net Employment Outlook Seasonally Adjusted Outlook ’89 ’90 ’91 ’92 ’93 ’94 ’95 ’96 ’97 ’98 ’99 ’00 ’01 ’02 ’03 ’04 ’05 ’06 ’07 ’08 ’09 ’10 ’11 ’12 ’13 ’14 ’15 No bar indicates Net Employment Outlook of zero 10 Manpower Employment Outlook Survey +12 (+8)% Public Administration Job seekers can expect a cautiously optimistic labour market in the next three months, with employers reporting a Net Employment Outlook of +8%. However, the Outlook declines by five and four percentage points quarter-over-quarter and year-over-year, respectively. 60 50 40 30 20 10 0 -10 -20 -30 -40 Net Employment Outlook Seasonally Adjusted Outlook ’89 ’90 ’91 ’92 ’93 ’94 ’95 ’96 ’97 ’98 ’99 ’00 ’01 ’02 ’03 ’04 ’05 ’06 ’07 ’08 ’09 ’10 ’11 ’12 ’13 ’14 ’15 No bar indicates Net Employment Outlook of zero +13 (+9)% Services Employers continue to report encouraging signs for job seekers with a Net Employment Outlook of +9% for the upcoming quarter. Hiring intentions are unchanged both quarter-over-quarter and year-over-year. 60 50 40 30 20 10 0 -10 -20 -30 -40 Net Employment Outlook Seasonally Adjusted Outlook ’89 ’90 ’91 ’92 ’93 ’94 ’95 ’96 ’97 ’98 ’99 ’00 ’01 ’02 ’03 ’04 ’05 ’06 ’07 ’08 ’09 ’10 ’11 ’12 ’13 ’14 ’15 No bar indicates Net Employment Outlook of zero Manpower Employment Outlook Survey 11 +18 (+14)% Transportation & Public Utilities A favourable hiring climate is expected in the April-June time frame with employers reporting a Net Employment Outlook of +14%. Hiring prospects are two percentage points stronger when compared with the previous quarter and remain relatively stable year-over-year. 60 50 40 30 20 10 0 -10 -20 -30 -40 Net Employment Outlook Seasonally Adjusted Outlook ’89 ’90 ’91 ’92 ’93 ’94 ’95 ’96 ’97 ’98 ’99 ’00 ’01 ’02 ’03 ’04 ’05 ’06 ’07 ’08 ’09 ’10 ’11 ’12 ’13 ’14 ’15 No bar indicates Net Employment Outlook of zero +17 (+12)% Wholesale & Retail Trade Respectable hiring activity is forecast for Quarter 2 2015 with employers reporting a Net Employment Outlook of +12%. Hiring plans are three percentage points stronger quarter-over-quarter and improve by four percentage points year-over-year. 60 50 40 30 20 10 0 -10 -20 -30 -40 Net Employment Outlook Seasonally Adjusted Outlook ’89 ’90 ’91 ’92 ’93 ’94 ’95 ’96 ’97 ’98 ’99 ’00 ’01 ’02 ’03 ’04 ’05 ’06 ’07 ’08 ’09 ’10 ’11 ’12 ’13 ’14 ’15 No bar indicates Net Employment Outlook of zero 12 Manpower Employment Outlook Survey Global Employment Outlook Quarter 2 2015 Qtr on Qtr Change Yr on Yr Change Q1 2015 to Q2 2015 Q2 2014 to Q2 2015 Quarter 2 2015 Net Employment Outlook % -15 -10 -5 Americas Argentina Brazil Canada Colombia Costa Rica Guatemala Mexico Panama Peru United States 3 (0)1 -4 (-3)1 3 (-1)1 13 (10)1 15 (15)1 11 (10) 10 (11)1 12 (11)1 -3 (-9)1 9 (0)1 0 (-1)1 1 (2)1 1 (3)1 2 (-1)1 -15 (-15)1 1 (1)1 -4 (-2)1 -8 (-10)1 -1 (-1)1 -6 (-6)1 1 1 17 (18) 8 (8)1 18 (16)1 Asia Pacific Australia China 10 (8)1 -1 (-1) -7 (-8)1 5 (0)1 1 4 (2) -11 (-11)1 3 (3)1 9 (8)1 3 (0)1 -1 (-3)1 -1 (-1)1 -7 (-7)1 Hong Kong 15 (16)1 0 (1)1 1 (0)1 India Japan 41 (38)1 29 (19)1 0 (-8)1 11 (-1)1 -4 (-4)1 2 (2)1 1 1 New Zealand Singapore Taiwan EMEA† Austria Belgium 19 (17) 14 (14)1 46 (45)1 -6 (-10) -2 (-4)1 9 (2)1 -10 (-10) -4 (-4)1 7 (7)1 3 (1)1 2 (-4)1 -3 (-3)1 1 1 -1 (-1) 1 1 1 3 (2) 1 (0) +45% +38% India +19% Japan +18% Panama Hong Kong +17% +16% Turkey +16% United States +16% New Zealand Colombia +15% Singapore +14% South Africa +13% Finland +11%* Greece +11% Guatemala +11% Mexico +11% +11% Romania 1 Canada +10% Costa Rica +10% Hungary +10% Israel +10%* Bulgaria +9% Australia +8% China +8% Bulgaria 14 (9) 9 (-1) 0 (0) Peru +8% Czech Republic 4 (4)1 3 (0)1 5 (4)1 Poland +8% Finland 19 2 Slovakia +8%* France 11 1 (2)1 -2 (-2)1 2 (3)1 Germany 6 (5)1 4 (0)1 -2 (-2)1 Greece 14 (11)1 10 (3)1 6 (6)1 Hungary 13 (10)1 8 (3)1 5 (5)1 8 (6)1 1 (-4)1 4 (4)1 10 3 -3 -4 (-6)1 4 (4)1 3 (-1)1 8 (6)1 0 (0)1 3 (4)1 3 (3)1 9 (8)1 2 (0)1 8 (2)1 -3 (-4)1 1 (1)1 Ireland Israel Italy Netherlands Norway Poland Romania Slovakia Slovenia South Africa Spain Sweden Switzerland Turkey UK 1 1 1 20 (11) 8 12 (6)1 11 (13)1 5 (4)1 19 (1) 5 7 (-1)1 -2 (3)1 5 (1)1 5 (3) 6 -1 (-1)1 11 (10)1 1 (1)1 6 (4)1 6 (4)1 2 (-2)1 9 (6)1 2 (1)1 0 (0)1 21 (16)1 6 (6)1 7 (-4)1 2 (0)1 -5 (-7)1 -1 (-1)1 1 †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. 5 10 15 20 25 30 35 40 45 Taiwan 6 (3)1 1 0 Ireland +6% Slovenia +6% United Kingdom +6% Germany +5% Czech Republic +4% Netherlands +4% Spain +4% Sweden +4% +4% Switzerland +3% Argentina Norway +3% Belgium +2% France +2% Austria +1% Brazil Italy -1% -6% -15 -10 -5 0 5 10 15 20 25 30 35 40 45 * Indicates unadjusted data. Manpower Employment Outlook Survey 13 The Manpower Employment Outlook Survey is ManpowerGroup’s quarterly index of employer hiring confidence. ManpowerGroup interviewed over 65,000 employers across 42 countries and territories to forecast labour market activity* in Quarter 2 2015. All participants were asked, “How do you anticipate total employment at your location to change in the three months to the end of June 2015 as compared to the current quarter?” The survey reveals that employers in 40 of 42 countries and territories intend to add to their payrolls by varying margins during the April-June time frame. Yet there are few signs that labour markets are gaining real momentum, and some additional signs that employer uncertainty is spreading well beyond the eurozone’s borders. For instance, employer confidence continues to decline in China where the forecast remains positive but dips to a level not reported since 2009. And for the first time since Brazil launched the survey in Quarter 4 2009, the country’s forecast turns negative following considerable declines in comparison to both the prior quarter and last year at this time. Outlooks are mixed in comparison to the Quarter 1 2015 and Quarter 2 2014 surveys; forecasts improve in 15 countries and decline in 18 quarter-over-quarter, and improve in a year-over-year comparison in 18 countries while declining in 20. Second-quarter hiring confidence is strongest in Taiwan, India, Japan and Panama. The weakest – and only negative – forecasts are reported in Italy and Brazil. Workforce gains are forecast in 23 of 24 countries in the Europe, Middle East & Africa (EMEA) region, with only employers in Italy anticipating payroll declines over the next three months. Hiring plans improve in 11 countries quarter-over-quarter and weaken in only eight. In a year-over-year comparison, Outlooks improve in 13 countries and decline in eight. Once again, Turkish job seekers can expect to benefit from the strongest employer hiring plans in the EMEA region; this is despite the country’s employers reporting their least optimistic forecast since the survey started in Quarter 1 2011. In addition to Turkey, the strongest EMEA forecasts are reported by employers in South Africa, Finland, Greece and Romania. The weakest second-quarter forecasts are reported in Italy and Austria. 14 Manpower Employment Outlook Survey Payrolls are expected to increase in all eight Asia Pacific countries and territories. However, Outlooks are trending weaker than they have in the past and the hiring pace is expected to slow by varying margins in five countries and territories in both quarter-over-quarter and year-over-year comparisons. Employers in Taiwan report the most optimistic forecast across the globe for the sixth time in the last three years. Meanwhile, the region’s weakest forecasts are reported by employers in Australia and China. Positive Outlooks are reported in nine of the 10 countries surveyed in the Americas. Hiring confidence strengthens in two countries, dips in five and is unchanged in three when compared to the first three months of 2015. Similarly, hiring activity is expected to slow compared to last year at this time in seven countries, and improve in only three. Employers in Panama and the United States report the strongest second-quarter hiring plans while those in Brazil, Argentina and Peru expect the weakest hiring pace. 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 http://manpowergroup.com/press/meos_landing.cfm. The next Manpower Employment Outlook Survey will be released on 9 June 2015 and will detail expected labour market activity for the third quarter of 2015. * Commentary is based on seasonally adjusted data where available. Data is not seasonally adjusted for Finland, Israel and Slovakia. International Comparisons – Americas Nearly 30,000 employers from 10 countries throughout North, Central and South America were interviewed for the Quarter 2 2015 survey. Employers intend to add to their payrolls by varying degrees in all countries except Brazil. However, the forecasts are trending fractionally weaker than they have in the past with Outlooks improving in only two countries quarter-over-quarter and improving in only three when compared year-over-year. For the fourth consecutive quarter employers in Panama report the region’s most optimistic hiring plans with more than one in every five employers intending to add to their payrolls in the April-June time frame. Employer optimism is strongest in the Services sector – where one-third of employers intend to add to their workforce in the next three months – and the Transport & Communications sector. The hiring pace in all three North American labour markets is expected to remain steady. Forecasts are particularly upbeat in the U.S. with positive Outlooks reported in all industry sectors and regions. Hiring expectations improve in 12 of 13 industry sectors and in all four regions when compared to last year at this time. The most active U.S. labour markets are expected in the Leisure & Hospitality and the Wholesale & Retail Trade sectors. Employers in four sectors – including the Professional & Business Services and the Financial Activities sectors – report the strongest hiring plans since Quarter 1 2009. Meanwhile, opportunities for job seekers are expected to remain positive in Canada where Finance, Insurance & Real Estate sector employers report their most optimistic hiring plans since Quarter 4 2010. Hiring plans are similarly upbeat in Mexico where employers in all industry sectors and all regions intend to add to payrolls during the second quarter. The hiring climate in Colombia remains favourable with an aggressive nationwide roads-building program boosting job prospects in Construction and offsetting a steep year-over-year decline in the country’s Mining sector. Similarly, steep quarter-over-quarter and year-over-year declines in Peru’s Mining sector are expected to restrain labour market activity throughout the country; forecasts weaken from year-ago levels in all sectors except Agriculture. Job growth is also struggling to turn the corner in Argentina as employers attempt to counter the uncertainty associated with high inflation and the upcoming presidential elections. However, the region’s most notable development may be the ongoing collapse of employer confidence in Brazil. The country’s Outlook has declined steadily for over three years, and for the first time since the Brazil survey was launched in Quarter 4 2009, the hiring forecast turns negative. Outlooks decline in both quarter-over-quarter and year-over-year comparisons in all regions and in every industry sector except Agriculture. Additionally, second-quarter forecasts in six of eight industry sectors and in all five regions are the least optimistic since the survey was launched. Argentina 60 +6 (+3)% Net Employment Outlook Seasonally Adjusted Outlook 50 40 30 20 10 0 -10 -20 2005 2006 2007 2008 2009 2010 2011 2012 Argentina joined the survey in Q1 2007 No bar indicates Net Employment Outlook of zero 2013 2014 2015 Manpower Employment Outlook Survey 15 Brazil +3 (-1)% Net Employment Outlook 60 Seasonally Adjusted Outlook 50 40 30 20 10 0 -10 -20 2005 2006 2007 Brazil joined the survey in Q4 2009 2008 2009 2010 2011 2012 No bar indicates Net Employment Outlook of zero 2013 Canada 2015 +13 (+10)% Net Employment Outlook 60 2014 Seasonally Adjusted Outlook 50 40 30 20 10 0 -10 -20 2005 2006 2007 2008 No bar indicates Net Employment Outlook of zero 2009 2010 2011 2012 2013 Colombia 2015 +15 (+15)% Net Employment Outlook 60 2014 Seasonally Adjusted Outlook 50 40 30 20 10 0 -10 -20 2005 2006 2007 2008 2009 2010 2011 2012 Colombia joined the survey in Q4 2008 No bar indicates Net Employment Outlook of zero 2013 Costa Rica 2015 +11 (+10)% Net Employment Outlook 60 2014 Seasonally Adjusted Outlook 50 40 30 20 10 0 -10 -20 2005 2006 2007 2008 2009 2010 2011 2012 Costa Rica joined the survey in Q3 2006 No bar indicates Net Employment Outlook of zero 16 Manpower Employment Outlook Survey 2013 2014 2015 Guatemala +10 (+11)% Net Employment Outlook 60 Seasonally Adjusted Outlook 50 40 30 20 10 0 -10 -20 2005 2006 2007 2008 2009 2010 2011 2012 Guatemala joined the survey in Q2 2008 No bar indicates Net Employment Outlook of zero 2013 Mexico 2014 2015 +12 (+11)% Net Employment Outlook 60 Seasonally Adjusted Outlook 50 40 30 20 10 0 -10 -20 2005 2006 2007 2008 No bar indicates Net Employment Outlook of zero 2009 2010 2011 2012 2013 Panama 2014 2015 +17 (+18)% Net Employment Outlook 60 Seasonally Adjusted Outlook 50 40 30 20 10 0 -10 -20 2005 2006 2007 Panama joined the survey in Q2 2010 2008 2009 2010 2011 2012 No bar indicates Net Employment Outlook of zero 2013 Peru 2015 +8 (+8)% Net Employment Outlook 60 2014 Seasonally Adjusted Outlook 50 40 30 20 10 0 -10 -20 2005 2006 2007 Peru joined the survey in Q2 2006 2008 2009 2010 2011 No bar indicates Net Employment Outlook of zero 2012 2013 2014 2015 Manpower Employment Outlook Survey 17 United States of America +18 (+16)% Net Employment Outlook 60 Seasonally Adjusted Outlook 50 40 30 20 10 0 -10 -20 2005 2006 2007 2008 No bar indicates Net Employment Outlook of zero 18 Manpower Employment Outlook Survey 2009 2010 2011 2012 2013 2014 2015 International Comparisons – Asia Pacific 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 in the next three months, but the hiring pace is expected to slow by varying degrees in five countries and territories in comparison to both Quarter 1 2015 and Quarter 2 2014. The region’s strongest hiring plans are reported by employers in Taiwan, India and Japan, while those in Australia and China report the weakest. Employers in Taiwan report the most optimistic forecast among the 42 countries and territories that participate in the survey. Nearly one of every two employers indicate they will add to their payrolls in the April-June time frame, resulting in the strongest quarterly forecast reported since Taiwan joined the survey in Quarter 2 2005. Employers in the Finance, Insurance & Real Estate sector expect the most dynamic second-quarter hiring pace. Similarly, the Outlook in the Manufacturing sector strengthens for the fourth consecutive quarter and is now the strongest forecast reported by employers since the survey started. Hiring intentions in India dip when compared to the prior three months and last year at this time, but hiring confidence remains resilient and job seekers are still expected to benefit from robust labour market activity. Employer hiring plans are strongest in the Transportation & Utilities sector. However, even in the Services sector where employers report India’s weakest forecast, the hiring pace is expected to be brisk with nearly four out of 10 employers planning to add to their payrolls in the next three months. Despite contrasting views on the strength and sustainability of Japan’s recovery, employer confidence remains upbeat. Outlooks remain positive in each of Japan’s industry sectors and regions with approximately one out of every three employers saying they intend to add staff in the months ahead. Continuing efforts to replace Japan’s aging workforce in the Construction subsector has resulted in the strongest Mining & Construction sector Outlook since Japan launched the survey in Quarter 3 2003. In China, employer confidence remains cautiously optimistic with positive Outlooks reported in each industry sector and region. However there are indications that the labour market is losing momentum, and amid signs of a potential real estate crisis and China’s ongoing shift to a services-based economy, hiring activity is expected to be more restrained than at any point since Quarter 3 2009. New Zealand employers scale back hiring plans by considerable margins in comparison to three months ago and last year at this time. Outlooks decline both quarter-over-quarter and year-over-year in six of seven industry sectors, highlighted by sharp declines in the Mining & Construction sector. Modest second-quarter hiring activity is also expected in Australia where the Outlook remains relatively stable in comparison to the prior quarter and last year at this time. Australia 60 +10 (+8)% Net Employment Outlook Seasonally Adjusted Outlook 50 40 30 20 10 0 -10 -20 2005 2006 2007 2008 No bar indicates Net Employment Outlook of zero 2009 2010 2011 2012 2013 2014 2015 Manpower Employment Outlook Survey 19 China +9 (+8)% Net Employment Outlook 60 Seasonally Adjusted Outlook 50 40 30 20 10 0 -10 -20 2005 2006 2007 China joined the survey in Q2 2005 2008 2009 2010 2011 2012 No bar indicates Net Employment Outlook of zero 2013 Hong Kong 2014 2015 +15 (+16)% Net Employment Outlook 60 Seasonally Adjusted Outlook 50 40 30 20 10 0 -10 -20 2005 2006 2007 2008 No bar indicates Net Employment Outlook of zero 2009 2010 2011 2012 2013 India 2014 2015 +41 (+38)% Net Employment Outlook 60 Seasonally Adjusted Outlook 50 40 30 20 10 0 -10 -20 2005 2006 2007 India joined the survey in Q3 2005 2008 2009 2010 2011 No bar indicates Net Employment Outlook of zero 2012 2013 Japan 2015 +29 (+19)% Net Employment Outlook 60 2014 Seasonally Adjusted Outlook 50 40 30 20 10 0 -10 -20 2005 2006 2007 2008 No bar indicates Net Employment Outlook of zero 20 Manpower Employment Outlook Survey 2009 2010 2011 2012 2013 2014 2015 New Zealand +19 (+17)% Net Employment Outlook 60 Seasonally Adjusted Outlook 50 40 30 20 10 0 -10 -20 2005 2006 2007 2008 No bar indicates Net Employment Outlook of zero 2009 2010 2011 2012 2013 Singapore 70 60 50 40 30 20 10 0 -10 -20 -30 -40 -50 2015 +14 (+14)% Net Employment Outlook 2005 2006 2007 2008 No bar indicates Net Employment Outlook of zero 2009 2010 Seasonally Adjusted Outlook 2011 2012 2013 Taiwan 2014 2015 +46 (+45)% Net Employment Outlook 60 2014 Seasonally Adjusted Outlook 50 40 30 20 10 0 -10 -20 2005 2006 2007 Taiwan joined the survey in Q2 2005 2008 2009 2010 2011 2012 No bar indicates Net Employment Outlook of zero 2013 2014 2015 Manpower Employment Outlook Survey 21 International Comparisons – EMEA More than 20,000 employers in 24 countries in the Europe, Middle East and Africa (EMEA) region were interviewed for the Quarter 2 2015 survey. Employers in 23 of 24 countries plan to add to their payrolls during the April-June time frame, with forecasts improving in 11 countries in a quarter-over-quarter comparison and declining in eight. Outlooks improve in 13 countries year-over-year and decline in eight. The region’s strongest second-quarter forecasts are reported in Turkey, South Africa, Finland, Greece and Romania. The weakest – and only negative – forecast is reported by Italian employers. The hiring pace in Turkey is expected to remain steady throughout the April-June time frame. Opportunities for job seekers will likely remain plentiful, with more than a quarter of the surveyed employers expecting to add to payrolls in all industry sectors and regions. But employers also indicate the hiring pace will be slower in most industry sectors and regions in comparison to both the prior quarter and last year at this time. As a result, the Outlook is actually the weakest reported by Turkish employers since the survey started in Quarter 1 2011. Employers in the UK continue to be cautiously optimistic in advance of the spring general elections. Hiring expectations are for the most part little changed in comparison to both the first-quarter and Quarter 2 2014 forecasts. Employers in all industry sectors except Agriculture anticipate adding to payrolls in the months ahead, including Manufacturing sector employers who report their strongest second-quarter hiring plans since 2007. Meanwhile, France’s Outlook remains positive but softens in comparison to three months ago. Consumer confidence remains tentative as reflected in continuing weakness in the Wholesale & Retail Trade sector. German employers also expect some workforce gains in the April-June time frame; forecasts are positive in all sectors and regions, and the hiring pace in the Transport, Storage & Communications and the Mining & Quarrying sectors is expected to be stronger than at any point since Quarter 4 2012. Employers in Hungary appear to be growing more confident and the second-quarter forecast is the most optimistic reported since Hungary joined the survey in Quarter 3 2009. Hiring is expected to be particularly active in the Construction and Manufacturing sectors. Similarly, the Outlook in Spain climbs for the second consecutive quarter to its most optimistic level since Quarter 1 2008. Elsewhere, South Africa’s forecast is the strongest reported since Quarter 4 2008 with the upturn fueled by considerable year-over-year gains in the Construction and Manufacturing sectors. In contrast, employer confidence in Italy continues to lag behind the other 41 countries participating in ManpowerGroup’s research. The country’s Outlook has now been mired in negative territory for 17 consecutive quarters. However, the percentage of employers planning no change to their workforce has grown from the prior quarter, suggesting a moratorium on downsizing may be in store for the second quarter. Austria +3 (+1)% Net Employment Outlook 60 Seasonally Adjusted Outlook 50 40 30 20 10 0 -10 -20 2005 2006 2007 2008 No bar indicates Net Employment Outlook of zero 22 Manpower Employment Outlook Survey 2009 2010 2011 2012 2013 2014 2015 Belgium +3 (+2)% Net Employment Outlook 60 Seasonally Adjusted Outlook 50 40 30 20 10 0 -10 -20 2005 2006 2007 2008 No bar indicates Net Employment Outlook of zero 2009 2010 2011 2012 2013 Bulgaria 2015 +14 (+9)% Net Employment Outlook 60 2014 Seasonally Adjusted Outlook 50 40 30 20 10 0 -10 -20 2005 2006 2007 Bulgaria joined the survey in Q1 2011 2008 2009 2010 2011 2012 No bar indicates Net Employment Outlook of zero 2013 Czech Republic 2015 +4 (+4)% Net Employment Outlook 60 2014 Seasonally Adjusted Outlook 50 40 30 20 10 0 -10 -20 2005 2006 2007 2008 Czech Republic joined the survey in Q2 2008 2009 2010 2011 2012 No bar indicates Net Employment Outlook of zero 2013 Finland 2014 2015 +11% Net Employment Outlook 60 50 40 30 20 10 0 -10 -20 2005 2006 2007 Finland joined the survey in Q4 2012 2008 2009 2010 2011 2012 No bar indicates Net Employment Outlook of zero 2013 2014 2015 Manpower Employment Outlook Survey 23 France +1 (+2)% Net Employment Outlook 60 Seasonally Adjusted Outlook 50 40 30 20 10 0 -10 -20 2005 2006 2007 2008 No bar indicates Net Employment Outlook of zero 2009 2010 2011 2012 2013 Germany 2014 2015 +6 (+5)% Net Employment Outlook 60 Seasonally Adjusted Outlook 50 40 30 20 10 0 -10 -20 2005 2006 2007 2008 No bar indicates Net Employment Outlook of zero 2009 2010 2011 2012 2013 Greece 2014 2015 +14 (+11)% Net Employment Outlook 60 Seasonally Adjusted Outlook 50 40 30 20 10 0 -10 -20 2005 2006 2007 Greece joined the survey in Q2 2008 2008 2009 2010 2011 2012 No bar indicates Net Employment Outlook of zero 2013 Hungary 2014 2015 +13 (+10)% Net Employment Outlook 60 Seasonally Adjusted Outlook 50 40 30 20 10 0 -10 -20 2005 2006 2007 Hungary joined the survey in Q3 2009 2008 2009 2010 2011 2012 No bar indicates Net Employment Outlook of zero 24 Manpower Employment Outlook Survey 2013 2014 2015 Ireland +8 (+6)% Net Employment Outlook 60 Seasonally Adjusted Outlook 50 40 30 20 10 0 -10 -20 2005 2006 2007 2008 No bar indicates Net Employment Outlook of zero 2009 2010 2011 2012 2013 Israel 2014 2015 +10% Net Employment Outlook 60 50 40 30 20 10 0 -10 -20 2005 2006 2007 Israel joined the survey in Q4 2011 2008 2009 2010 2011 2012 No bar indicates Net Employment Outlook of zero 2013 Italy 2015 -4 (-6)% Net Employment Outlook 60 2014 Seasonally Adjusted Outlook 50 40 30 20 10 0 -10 -20 2005 2006 2007 2008 No bar indicates Net Employment Outlook of zero 2009 2010 2011 2012 2013 Netherlands 60 2014 2015 +4 (+4)% Net Employment Outlook Seasonally Adjusted Outlook 50 40 30 20 10 0 -10 -20 2005 2006 2007 2008 No bar indicates Net Employment Outlook of zero 2009 2010 2011 2012 2013 2014 2015 Manpower Employment Outlook Survey 25 Norway +3 (+3)% Net Employment Outlook 60 Seasonally Adjusted Outlook 50 40 30 20 10 0 -10 -20 2005 2006 2007 2008 No bar indicates Net Employment Outlook of zero 2009 2010 2011 2012 2013 Poland 2014 2015 +9 (+8)% Net Employment Outlook 60 Seasonally Adjusted Outlook 50 40 30 20 10 0 -10 -20 2005 2006 2007 Poland joined the survey in Q2 2008 2008 2009 2010 2011 2012 No bar indicates Net Employment Outlook of zero 2013 Romania 2014 2015 +20 (+11)% Net Employment Outlook 60 Seasonally Adjusted Outlook 50 40 30 20 10 0 -10 -20 2005 2006 2007 2008 2009 2010 2011 2012 Romania joined the survey in Q2 2008 No bar indicates Net Employment Outlook of zero 2013 Slovakia 2014 2015 +8% Net Employment Outlook 60 50 40 30 20 10 0 -10 -20 2005 2006 2007 Slovakia joined the survey in Q4 2011 2008 2009 2010 2011 2012 No bar indicates Net Employment Outlook of zero 26 Manpower Employment Outlook Survey 2013 2014 2015 Slovenia +12 (+6)% Net Employment Outlook 60 Seasonally Adjusted Outlook 50 40 30 20 10 0 -10 -20 2005 2006 2007 Slovenia joined the survey in Q1 2011 2008 2009 2010 2011 2012 No bar indicates Net Employment Outlook of zero 2013 South Africa 2015 +11 (+13)% Net Employment Outlook 60 2014 Seasonally Adjusted Outlook 50 40 30 20 10 0 -10 -20 2005 2006 2007 2008 2009 2010 2011 2012 South Africa joined the survey in Q4 2006 No bar indicates Net Employment Outlook of zero 2013 Spain 2015 +5 (+4)% Net Employment Outlook 60 2014 Seasonally Adjusted Outlook 50 40 30 20 10 0 -10 -20 2005 2006 2007 2008 No bar indicates Net Employment Outlook of zero 2009 2010 2011 2012 2013 Sweden 60 2014 2015 +6 (+4)% Net Employment Outlook Seasonally Adjusted Outlook 50 40 30 20 10 0 -10 -20 2005 2006 2007 2008 No bar indicates Net Employment Outlook of zero 2009 2010 2011 2012 2013 2014 2015 Manpower Employment Outlook Survey 27 Switzerland +6 (+4)% Net Employment Outlook 60 Seasonally Adjusted Outlook 50 40 30 20 10 0 -10 -20 2005 2006 2007 2008 2009 2010 2011 2012 Switzerland joined the survey in Q3 2005 No bar indicates Net Employment Outlook of zero 2013 Turkey 2014 2015 +21 (+16)% Net Employment Outlook 60 Seasonally Adjusted Outlook 50 40 30 20 10 0 -10 -20 2005 2006 2007 Turkey joined the survey in Q1 2011 2008 2009 2010 2011 2012 No bar indicates Net Employment Outlook of zero 2013 United Kingdom 2015 +6 (+6)% Net Employment Outlook 60 2014 Seasonally Adjusted Outlook 50 40 30 20 10 0 -10 -20 2005 2006 2007 2008 No bar indicates Net Employment Outlook of zero 28 Manpower Employment Outlook Survey 2009 2010 2011 2012 2013 2014 2015 About the Survey 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 65,000 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: Methodology The 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%. The margin of error for the Canadian survey is +/- 2.2%. Net Employment Outlook Throughout 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, Slovakia and Israel. ManpowerGroup intends to add seasonal adjustments to the data for these 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. For the Quarter 2 2015 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 2015 as compared to the current quarter?” Manpower Employment Outlook Survey 29 About ManpowerGroupTM ManpowerGroup™ (NYSE: MAN) has been the world’s workforce expert, creating innovative workforce solutions, for more than 65 years. As workforce experts, we connect more than 600,000 men and women 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 2014, ManpowerGroup was named one of the World’s Most Ethical Companies for the fourth 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.ca 30 Manpower Employment Outlook Survey About ManpowerGroup Canada With nearly 40 offices strategically located across the country, Manpower Canada’s staffing services include administrative, industrial, skilled trades and contact centre personnel as well as the assignment of contract professionals in information technology, scientific, finance, engineering, telecommunications and other professional areas under the Experis brand. More information can be found on the following websites, manpower.ca and experis.ca Manpower, 4950 Yonge Street, Suite 700, Toronto, Ontario, M2N 6K1 Tel: 416 225 4455 www.manpower.ca © 2015, ManpowerGroup. All rights reserved.