The Manpower Employment Outlook Survey (MEOS) is released quarterly to measure employers' intentions to increase or decrease the number of employees in their workforce during the next quarter.
It is the only forward-looking survey of its kind, unparalleled in size, scope, longevity and area of focus. The survey has been administered for more than 46 years and is one of the most trusted surveys of employment activity in the world.
5. Industry Sectors NEO*: Net Employment Outlook NAICS Supersector NEO* Wholesale & Retail Trade +7% Professional & Business Services +3% Education & Health Services +2% Leisure & Hospitality +2% Financial Activities +1%
6. Industry Sectors NEO*: Net Employment Outlook NAICS Supersector NEO* Other Services -1% Nondurable Goods Manufacturing -3% Information -5% Government -8% Durable Goods Manufacturing -8% Mining -9% Transportation & Utilities -9% Construction -10%
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Hinweis der Redaktion
Hello! I'm Kate Donovan, Managing Director of Manpower Business Solutions. We would like to take the next three minutes to share with you the fourth quarter results for the Manpower Employment Outlook Survey, or MEOS as we call it. I hope you will find the information shared by Jonas Prising, President of Manpower- the Americas, insightful. After this brief video I encourage you to visit the links found on this page for more information about the MEOS. Thank you and enjoy.
Hello! I’m Jonas Prising, President of the Americas for Manpower. As a refresher, each quarter the Manpower Employment Outlook Survey asks more than 28,000 employers across the U.S. what their hiring intentions are for the upcoming quarter. The MEOS, as we affectionately call it, is the only forward looking, predictive survey of its kind and performed each quarter as a public service to our clients and community partners.
Overall, the U.S. hiring pace is going to be weak in the coming months. Among U.S. employers surveyed, 12% foresee an increase in hiring activity, and 14% expect a decline in staff levels during Quarter 4 2009. Sixty-nine percent anticipate no change in the hiring pace, while 5% are undecided about their October-December hiring plans.
For the fourth quarter, employers in five of the 13 industry sectors have a positive Outlook. This includes Wholesale & Retail Trade, Financial Activities, Professional & Business Services, Education & Health Services and Leisure & Hospitality. It is interesting to note that while Wholesale & Retail Trade tops the industry sectors with the highest Net Employment Outlook, hiring in the industry is actually expected to decrease quarter-over-quarter suggesting that employers will not be adding the quantity of holiday hires they have in the past.
The Outlook in eight industry sectors indicates that employers anticipate a negative hiring pace for October – December 2009. Construction has the weakest Outlook for the coming months, which could be in part due to the fact that the industry Net Employment Outlook is not seasonally adjusted, and construction is a very seasonal business.
I also want to touch on what the different regions are anticipating. All regions have a weaker outlook compared to one year ago at this time. Employer optimism about hiring is more positive in the South, relatively stable in the West and Midwest, while the Northeast has the weakest outlook.
Overall, U.S. employers plan to keep their staffing levels relatively stable during Quarter 4 2009. Despite some moderating signs, such as the considerable number of employers that plan to maintain or increase staff levels, there will continue to be challenges for both job seekers and employers in the coming months. I hope you found this information interesting and helpful. Thank you.