Post on 10-Jan-2017
ManpowerGroup Employment Outlook SurveyQ1 2017
ManpowerGroup Employment Outlook Survey – Q1 2017
ManpowerGroup Monday, May 1, 2023 2
MEOS Q1 2017 Summary
• At the national level, the NEO is +7%, up two points on the previous quarter: The highest level of optimism in three years – noteworthy, considering the concern and warnings about the post-Brexit jobs market.
• High optimism for construction and utilities firms: buoyed by government investment commitments, outlook rose to 9% and 13% respectively. Construction is at its highest level in two years; utilities is the biggest riser.
• Private sector sentiment on the up: Private sector firms expect to hire at the fastest rate in three years to +8%, while public sector hiring is stuck in negative territory.
• Banks are back-sliding: Finance sector optimism falls again to -3, its lowest level in two and half years as signs of post-Brexit malaise across the industry continues.
• Steady as she goes: Manufacturing and retail/wholesale each ticked up a point to hit +6 and +7 respectively. Manufacturing continues to perform solidly (if not spectacularly), while retailers show no sign of post-Brexit nerves.
ManpowerGroup Employment Outlook Survey – Q1 2017
ManpowerGroup Monday, May 1, 2023 3
2009 2010 2011 2012 2013
2014 2015
Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1
-8
-6
-4
-2
0
2
4
6
8
-3
-6-5
-1
1 1 1 12 2
3
10
2 2
4
6 65
7
5
7 7 76
56
56 6
5 5
7National NEO
Increased two points to +7, the most optimist outlook in two years.
2016
MEOS: Since 1Q 2009
2017
ManpowerGroup Employment Outlook Survey – Q1 2017
ManpowerGroup Monday, May 1, 2023 4
Size of company breakdown
2
8
11
12
5
4
12
13
13
7
1Q '174Q '16
+2
+1
+2
+4
+2
QoQ change
NATIONAL
LARGE
MEDIUM
SMALL
MICRO
ManpowerGroup Employment Outlook Survey – Q1 2017
ManpowerGroup Monday, May 1, 2023 5
1
1
7
2
5
5
6
4
6
5
-1
2
3
4
6
7
7
9
13
7
QoQ change
+2
+7
+5
+1
+2
+1
+2
-4
+1
-2
NATIONAL
UTILITIES
CONSTRUCTION
WHOLSALE & RETAIL
FINANCE & BUSINESS SERVICES
MANUFACTURING
PUBLIC & SOCIAL
AGRICULTURE, FORESTRY & FISHING
MINING & QUARRYING
TRANSPORT, STORAGE & COMMS
Industry sector breakdown
ManpowerGroup Employment Outlook Survey – Q1 2017
ManpowerGroup Monday, May 1, 2023 6
Public / private sector breakdown
0
-3
6
5
6
-3
8
7
1Q '17
+2
+2
0
+6
QoQ change
NATIONAL
PRIVATE
PUBLIC
NOT FOR PROFIT*
• Private sector hiring remains strong• Public sector still hit hard
ManpowerGroup Employment Outlook Survey – Q1 2017
ManpowerGroup Monday, May 1, 2023 7
Regions and nations breakdown
4
5
-1
3
5
-1
1
4
5
8
8
7
5
2
3
4
5
7
8
8
8
8
8
9
10
7
1Q '174Q '16
QoQ change
NATIONAL
EAST
LONDON
EAST MIDLANDS
WEST MIDLANDS
SOUTH WEST
SCOTLAND
YORKS & HUMBER
NORTH EAST
SOUTH EAST
NORTHERN IRELAND
NORTH WEST
WALES
+2
+3
+1
0
+3
+4
+7
+9
+2
+2
+5
-2
-2
ManpowerGroup Employment Outlook Survey – Q1 2017
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UK employment intention heat map: Q1 2017