Manpower Employment Outlook Survey: United States - Q1, 2006

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    1st Quarter 2006

    Manpower Employment Outlook SurveyUnited States

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    ContentsUnited States Employment Outlook 2

    Regional Comparisons

    Sector Comparisons

    Global Employment Outlook 14

    International Comparisons Americas

    International Comparisons Asia Pacific

    International Comparisons Europe

    About the Survey 20

    About Manpower 21

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    Manpower Employment Outlook Survey USA

    The United States Employment Outlook

    Increase Decrease No Change Dont Know Net EmploymentOutlook

    Seasonally Adjusted

    % % % % % %

    1st Quarter 2005 24 10 59 7 14 212nd Quarter 2005 30 7 58 5 23 213rd Quarter 2005 31 6 57 6 25 21

    4th Quarter 2005 29 8 57 6 21 20

    1st Quarter 2006 23 10 61 6 13 20

    Once seasonal variations are removed from the data,

    a clearer picture of the hiring landscape emerges and

    shows continued stability. The Net Employment Outlook

    for the first three months of 2006 is identical to fourth

    quarter levels and is similar to a year ago. This marks

    a two-year period of very steady hiring projections

    among U.S. employers.

    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

    that expect to see a decrease in employment at their

    location in the next quarter.

    Nearly 16,000 interviews have been conducted with

    employers across the United States to measure

    anticipated employment trends between January and

    March 2006. All participants were asked, How do you

    anticipate total employment at your location to change

    in the three months to the end of March 2006 as

    compared to the current quarter?

    Among U.S. employers polled, 23% anticipate an

    increase in hiring activity for the first quarter of 2006,

    while 10% expect to decrease staff levels. Sixty-one

    percent of employers surveyed foresee no change in

    hiring plans, while 6% are unsure of their staffing needs.

    Net Employment OutlookNet Employment Outlook Seasonally AdjustedSeasonally Adjusted

    89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06-5

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    5

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    The results of the Manpower Employment Outlook Survey in the United States include Puerto Rico.

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    Net EmploymentOutlook

    Seasonally AdjustedIncrease Decrease No Change Dont Know

    % % % %%%

    Construction 25 12 59 134 29

    Education 17 4 75 13 144

    Finance, Insurance & Real Estate 24 4 65 7 20 20

    Manufacturing Durables 26 9 60 5 17 21

    Manufacturing Non-Durables 24 9 62 5 1815

    Mining 23 7 65 5 2116

    Public Administration 19 7 66 12 158Services 25 8 60 7 17 21

    Transportation & Public Utilities 23 8 63 6 15 17Wholesale & Retail Trade 22 17 55 6 5 21

    At the overall national level, the margin of error on the data is +/ 0.8%.

    Net Employment Seasonally Incr ease Decrease No Change Dont KnowOutlook Adjusted

    % % % %

    Midwest

    Northeast 22 12 60 6 10 1626 8 60 6 18 24

    19 11 66 4 8 17

    South

    West 29 9 53 9 20 25

    % %

    According to seasonally adjusted survey data, employers

    in six out of 10 industry sectors surveyed foresee

    minimal changes in hiring activity as they transition into

    2006. Durable and Non-Durable Goods Manufacturing,

    Wholesale/Retail Trade, Finance/Insurance/Real Estate,

    Education and Public Administration employers expect

    the hiring pace to be about the same as it was during

    the fourth quarter of 2005.

    Construction employers report their most optimistic job

    forecast in 27 years, while the hiring pace is likely to

    soften from the fourth quarter in the Transportation/Public

    Utilities and Services sectors. A more visible slowdown

    is expected in the Mining sector, where hiring managers

    report a moderate slide in employment plans.

    Year-over-year comparisons show that employers in

    half of the industry sectors surveyed are less confident

    about hiring at the start of 2006 versus a year ago.

    A decline in hiring expectations is reported in the

    Mining, Durable and Non-Durable Goods Manufacturing,

    Transportation/Public Utilities and Finance/Insurance/Real

    Estate industry sectors while those in the Wholesale/Retail

    Trade and Services sectors are expected to hold

    steady. The hiring outlook is brighter in several areas,

    particularly in the Construction sector. Education and

    Public Administration employers also expect stronger

    hiring activity when compared with a year ago.

    hiring for the coming quarter than they were in early

    2005. Conversely, employers in the Midwest foresee

    slightly less employment activity for the coming quarter.

    Overall, employers in the West report the most positive

    employment outlook for the January to March period,

    while employers in the Northeast issued the weakest

    hiring expectations.

    Among the U.S. regions, stronger hiring patterns are in

    store for the South and the West when compared with

    fourth quarter projections. Little change is anticipated in

    the Midwest, while employers in the Northeast foresee

    a noticeable slowdown in the hiring pace.

    The employment outlook in the Northeast and the

    South is relatively unchanged from a year ago.Employers in the West are slightly more optimistic about

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    Manpower Employment Outlook Survey USA

    Regional ComparisonsMidwest

    Net EmploymentOutlook

    Seasonally Adjusted

    Increase Decrease No Change Dont Know

    %%%%% % All Industries 19 11 66 4 8 17

    Construction 17 19 63 1 -2 23

    Education 710 79 4 3 5

    Finance, Insurance & Real Estate 21 6 69 4 15 16Manufacturing Durables 24 10 62 4 14 18

    Manufacturing Non-Durables 22 9 66 3 13 18

    Mining 0 0 100 0 70

    Public Administration 18 10 68 4 8 13

    Services 20 7 69 4 13 17

    T ransportation & Public Utilities 24 637 6 17 20

    Wholesale & Retail Trade 16 18 62 4 -2 19

    Net Employment OutlookNet Employment Outlook Seasonally AdjustedSeasonally Adjusted

    89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06-5

    0

    5

    10

    15

    2025

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    The Midwest Region comprises the following states: Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio,South Dakota, Wisconsin.

    In the Midwest, 19% of employers surveyed foresee an

    increase in hiring for the first quarter of 2006, while

    11% plan to reduce staff levels. The result is a Net

    Employment Outlook of 8%. When seasonal factors

    are removed from the data, the survey shows that

    employers expect the hiring pace to remain consistent

    with the fourth quarter and to slow down slightly

    compared with a year ago.

    Employers in four out of the 10 industry sectors surveyed

    suggest that hiring activity in the new year will be about

    the same as it was at the close of 2005. That is the

    case for the Construction, Transportation/Public

    Utilities, Finance/Insurance/Real Estate and Services

    sectors. The employment outlook is a bit weaker in the

    Durable and Non-Durable Goods Manufacturing, and

    Education sectors. Mining, Wholesale/Retail Trade

    and Public Administration employers report good news

    a slight increase in the hiring pace compared with

    fourth quarter.

    Year-over-year comparisons show a decline in

    employer confidence in half of the industry sectors

    surveyed Mining, Wholesale/Retail Trade, Services,

    Durable Goods Manufacturing and Finance/Insurance/Real

    Estate. The job market is expected to remain relatively

    unchanged in the Non-Durable Goods Manufacturing

    and Education sectors. Transportation/Public Utilities,

    Public Administration and Construction employers are

    more upbeat about hiring than they were a year ago

    at this time.

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    Net EmploymentOutlook

    Seasonally Adjusted

    Increase Decrease No Change Dont Know

    % % % % % % All Industries 22 12 60 6 1610

    Construction 24 5912 5 12 32

    Education 16 2 76 6 14 13

    Finance, Insurance & Real Estate 23 6 64 7 17 19

    Manufacturing Durables 27 9 58 6 18 22

    Manufacturing Non-Durables 26 12 14 17

    Mining 25 25 0 -6Public Administration 13 8 5 7

    Services 21 12 9 14

    Transportation & Public Utilities 24 10

    58

    5071

    61

    60

    4

    08

    6

    6 14 16

    Wholesale & Retail Trade 18 22 54 6 -4 8

    Net Employment OutlookNet Employment Outlook Seasonally AdjustedSeasonally Adjusted

    89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06-10

    -5

    0

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    Northeast

    The Northeast Region comprises the following states: Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania,Rhode Island, Vermont.

    Among employers surveyed in the Northeast, 22%

    anticipate an increase in payrolls for the beginning months

    of 2006 and 12% expect to reduce employment levels.

    This yields a Net Employment Outlook of 10%. Theseasonally adjusted data show that, among the four

    U.S. regions, employers in the Northeast are least

    optimistic about hiring in the new year. The results

    suggest a decline in hiring activity compared with fourth

    quarter, and a jobs picture that is likely to be about the

    same as it was last year at this time.

    Compared with fourth quarter, job seekers are likely to

    have a more challenging search in the Mining,

    Wholesale/Retail Trade, Services, Transportation/PublicUtilities, Non-Durable Goods Manufacturing, Finance/

    Insurance/Real Estate and Public Administration sectors.

    Hiring in Education is expected to remain unchanged,

    while the hiring pace is likely to accelerate in the Durable

    Goods Manufacturing and Construction sectors.

    When compared with the beginning months of 2005,

    the hiring pace is expected to decline in half of the

    industry sectors surveyed. Those sectors are Mining,

    Wholesale/Retail Trade, Non-Durable Goods

    Manufacturing, Finance/Insurance/Real Estate and

    Services. Little change in hiring activity is predicted

    for the Transportation/Public Utilities and Education

    sectors. On the bright side, the hiring pace is likely to

    pick up in the Public Administration, Durable GoodsManufacturing and Construction sectors.

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    Manpower Employment Outlook Survey USA

    South

    Net EmploymentOutlook

    Seasonally Adjusted

    Increase Decrease No Change Dont Know

    % % % % % % All Industries 26 8 60 6 18 24

    Construction 29 588 5 21 31

    Education 19 3 76 2 16 17

    Finance, Insurance & Real Estate 25 2 65 8 23 22

    Manufacturing Durables 29 8 58 5 21 26Manufacturing Non-Durables 23 8 64 5 15 18

    Mining 27 6 61 6 21 26

    Public Administration 17 694 10 13 16

    Services 29 7 56 8 22 24

    Transportation & Public Utilities 23 657 5 16 19

    Wholesale & Retail Trade 27 14 52 7 13 28

    Net Employment OutlookNet Employment Outlook Seasonally AdjustedSeasonally Adjusted89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06

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    The South Region comprises the following states: Alabama, Arkansas, Delaware, District of Columbia, Florida, Georgia, Kentucky, Louisiana,Maryland, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Virginia, West Virginia.

    Twenty-six percent of employers in the South are likely

    to increase staff levels, while 8% expect to trim payrolls

    in the January March period, resulting in a Net

    Employment Outlook of 18%. On a seasonally adjustedbasis, employers anticipate a slight improvement in the

    hiring pace over fourth quarter and little change from

    a year ago.

    Quarter-over-quarter comparisons also reflect the relative

    stability of the job market in the South. Mining, Durable

    Goods Manufacturing, Finance/Insurance/Real Estate

    and Services employers report hiring intentions that are

    about the same as fourth quarter. A mild slow-down in

    hiring activity is predicted by Public Administration and Transportation/Public Utilities employers, while those in

    the Construction and Non-Durable Goods Manufacturing

    sectors foresee a slight uptick in the hiring pace.

    The most noticeable changes in employer optimism

    can be found in the Education sector, where there is a

    moderate drop in confidence about hiring gains, and

    among Wholesale/Retail Trade employers, who anticipatea respectable increase in employment activity.

    The employment outlook is more positive than it was

    a year ago in half of the industry sectors including

    Mining, Construction, Durable Goods Manufacturing,

    Wholesale/Retail Trade and Education. The hiring pace

    is likely to be about the same as it was at the start

    of 2005 in Non-Durable Goods Manufacturing,

    Transportation/Public Utilities, Finance/Insurance/Real

    Estate and Services. Public Administration employersare the only group to report decreased hiring

    confidence compared with a year ago.

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    West

    Net EmploymentOutlook

    Seasonally Adjusted

    Increase Decrease No Change Dont Know

    % % % % % % All Industries 29 9 53 9 20 25

    Construction 32 10 51 7 22 36

    Education 25 3 67 5 22 19

    Finance, Insurance & Real Estate 28 2 61 9 26 24

    Manufacturing Durables 27 10 53 10 17 19

    Manufacturing Non-Durables 27 12 53 8 15 19

    Mining 20 7 66 7 13 19

    Public Administration 27 6 57 10 21 23

    Services 32 7 51 10 25 30

    Transportation & Public Utilities 23 12 58 7 11 12Wholesale & Retail Trade 29 13 50 8 16 28

    Net Employment OutlookNet Employment Outlook Seasonally AdjustedSeasonally Adjusted

    89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06-5

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    The West Region comprises the following states: Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon,Utah, Washington, Wyoming.

    In the West, 29% of employers plan to add staff, while

    9% expect personnel reductions. This creates a Net

    Employment Outlook of 20%. When seasonal variations

    are removed from the data, it reveals the strongestemployment outlook among the four regions, a designation

    the West held in the fourth quarter as well. Hiring

    projections are up from fourth quarter and a year ago.

    Compared with fourth quarter, hiring activity is likely to be

    stronger in the Construction, Wholesale/Retail Trade,

    Finance/Insurance/Real Estate, Services and Public

    Administration sectors. Durable Goods Manufacturers

    foresee no change in the hiring pace. The employment

    outlook is weaker among Mining, Non-Durable Goods

    Manufacturing, Transportation/Public Utilities and

    Education employers.

    The hiring pace in the Construction, Public Administration,

    Wholesale/Retail Trade and Services sectors is expected

    to be up over last year at this time. Education and

    Non-Durable Goods Manufacturing employers foresee

    little change in hiring levels. Employers with less optimistic

    hiring plans for the new year include those in the Mining,

    Durable Goods Manufacturing, Transportation/Public

    Utilities and Finance/Insurance/Real Estate sectors.

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    Manpower Employment Outlook Survey USA

    Sector ComparisonsSome variation in first quarter hiring plans is revealed

    among the 10 industry sectors on a seasonally adjusted

    basis. Construction employers anticipate the most

    promising hiring intentions moving into the new year.

    A solid hiring pace is expected in Finance/Insurance/Real

    Estate, Durable and Non-Durable Goods Manufacturing,

    Services, Mining, Transportation/Public Utilities and

    Wholesale/Retail Trade. Education and Public

    Administration employers are more reserved about

    job prospects for the January March period.

    Construction

    Educatio n

    Finance, Insurance & Real Estat e

    Manufacturing Durables

    Manufacturing Non-Durables

    Mining

    Public Administration

    Services

    Transpor tation & Public Utilities

    Wholesale & Retail Trade

    20

    29

    1314

    0 4540

    1621

    1215

    17

    17

    21

    521

    1721

    15

    15

    18

    20

    Net Employment Outlook Seasonally Adjusted

    13

    5 10 15 20 25 30 35

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    Manpower Employment Outlook Survey USA

    Manufacturing Durable Goods

    Net Employment Outlook Seasonally Adjusted

    89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06-10

    -505

    101520253035

    Durable Goods Manufacturers expect the hiring

    momentum to remain steady as they enter 2006,

    according to seasonally adjusted data. The first quarter

    employment outlook is similar to estimates from the last

    three quarters. However, employer confidence has taken

    a slight dip since a year ago at this time.

    The strongest hiring activity for the sector is expected in

    the South, while employers in the Midwest are more

    reserved in their staffing plans.

    Finance, Insurance & Real Estate

    Net Employment Outlook Seasonally Adjusted89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06

    0

    5

    10

    15

    20

    25

    For the first three months of the year, Finance/Insurance/

    Real Estate employers report hiring plans similar to

    those issued the last two quarters, according to

    seasonally adjusted data. Employer confidence is downslightly from last year at this time.

    Among the regions, employers in the West revealed

    the most optimism in their hiring plans while those in

    the Midwest have cooler staffing expectations.

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    Mining

    On a seasonally adjusted basis, Mining employers

    exhibit a notable decline in hiring plans for the January

    March period. A moderate drop in hiring activity is

    expected over fourth quarter and last year at this time.

    In the Mining sector, hiring is expected to be most

    active in the South, while a much more dismal jobs

    picture is predicted for the Northeast.

    Manufacturing Non-Durable Goods

    Net Employment Outlook Seasonally Adjusted89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06

    0

    5

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    According to seasonally adjusted data, Non-Durable

    Goods Manufacturers plan to hire at a steady pace

    during the first quarter. The employment outlook is

    in-line with results from the last three quarters, and downslightly from a year ago.

    There is little variation in the Non-Durable Goods

    Manufacturing employment outlook across the regions.

    Employers in the West are most optimistic about hiring

    by a small margin, while those in the Northeast are a bitmore reserved.

    Net Employment Outlook Seasonally Adjusted89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06

    -10-505

    1015202530

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    Manpower Employment Outlook Survey USA

    Public Administration

    The new year brings continued stability for the Public

    Administration sector, according to the seasonally adjusted

    data. Employers foresee little change in the hiring pace over

    fourth quarter, and a mild improvement from last year.

    Employers in the West are most confident about adding

    staff, while those in the Northeast anticipate slower hiring

    than in the other three regions.

    Net Employment Outlook Seasonally Adjusted89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06

    -10-505

    1015202530

    Services

    Net Employment Outlook Seasonally Adjusted89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06

    0

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    30

    Confidence among Services employers takes a slight

    tumble during the first quarter, according to seasonally

    adjusted survey data. The hiring pace is likely to slow

    down slightly when compared with the fourth quarter,

    however, it is identical to expectations from a year ago.

    Employers in the West are most likely to welcome job

    seekers, while those in the Northeast report markedly

    less optimistic hiring plans.

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    Wholesale & Retail Trade

    Net Employment Outlook Seasonally Adjusted

    89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06-15-10

    -505

    101520253035

    Transportation & Public Utilities

    Net Employment Outlook Seasonally Adjusted

    89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06-5

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    5

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    20

    25

    When seasonal variations are removed from the data,

    Transportation/Public Utilities employers show a

    measured decrease in confidence regarding employment

    prospects for the first quarter. Compared with fourthquarter and a year ago, moderately weaker job prospects

    are expected.

    Hiring plans are most promising in the Midwest, while

    the least amount of employment activity is expected in

    the West.

    Another quarter of healthy hiring is expected in the

    Wholesale/Retail Trade sector, according to seasonally

    adjusted survey results. Hiring plans for the first quarter

    of 2006 are similar to those from fourth quarter and last

    year at this time. This marks two years of stability in the

    Wholesale/Retail Trade sector.

    For the January March period, hiring intentions are

    strongest in the South and West, while employers in the

    Northeast are notably less optimistic.

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    Line shows seasonally adjusted data.

    International Comparisons Americas

    Over 21,000 interviews have been conducted across

    the United States, Canada and Mexico to measure

    employment prospects for the first quarter of 2006.

    The overall regional outlook shows employers in allthree countries reporting positive hiring intentions for

    the first three months of 2006.

    Employers in the U.S. are most optimistic about hiring,

    reporting the same Net Employment Outlook as three

    months ago, which is stable from last year at this time.

    Employer hiring expectations are slightly weaker than

    last year in Canada but remain favorable. Mexican

    employers intend to start the new year on a confidentnote, reporting a Net Employment Outlook equal to the

    most positive first quarter Outlook recorded since the

    survey began in the country in Q3 2002.

    Canada Mexico

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    Line shows seasonally adjusted data.

    USA

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    Manpower Employment Outlook Survey USA

    International Comparisons Asia Pacific

    Nearly 13,000 interviews have been conducted across

    Asia Pacific to measure anticipated employment trends

    between January and March 2006.

    Employment prospects are positive in all countries and

    territories surveyed by Manpower in Asia Pacific, with

    employers in Australia, China, Hong Kong, Japan, New

    Zealand and Taiwan reporting improved Net Employment

    Outlooks compared to the final months of 2005. Indian

    employers once again reported the most optimistic

    hiring expectations in Asia Pacific and among the other

    22 countries and territories surveyed internationally.

    Employers in Singapore are least optimistic in the

    region with a considerable slowdown expected inthe first quarter. Notably, employers in Australia and

    Japan reported their most positive first quarter Net

    Employment Outlooks since the survey began in their

    region in Q3 2003.

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    -202003 2004 2005 2006

    Australia

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    Hong Kong

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    China joined the survey in Q2 2005.

    China

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    -202003 2004 2005 2006

    India joined the survey in Q3 2005.

    India

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    Manpower Employment Outlook Survey USA

    International Comparisons Europe

    Over 11,000 interviews have been conducted across

    12 European labor markets to measure anticipated

    employment trends for the first quarter of 2006. European

    employers first-quarter hiring plans, with the exceptionof the UK, Norway and Ireland, are reserved. Year-over-

    year, the Net Employment Outlooks have decreased in

    seven of the 12 countries surveyed. Compared to last

    quarter, the Outlooks have decreased in 10 countries.

    Employer hiring expectations are strongest in the UK,

    Norway and Ireland. The least optimistic and only negative

    employment prospects were reported by employers in

    Germany, Austria and Italy. While the German Outlook

    worsened from last quarter, the first quarter Outlook is

    slightly improved from one year ago. Austrian employers,

    like those in Italy, are intending to make more workforce

    reductions than additions and are the least optimistic theyhave been since the survey began in the country in Q3

    2003. Similarly, employment prospects in France are the

    most conservative they have been since the survey was

    established. The number of French employers planning

    to hire in the first quarter is the same as those

    anticipating cutbacks.

    With seasonal variations taken into account, employment

    prospects in the UK are improved from the fourth quarter

    of 2005 but weaker compared to last year at this time.

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    -202003 2004 2005 2006

    No bar indicates Net Employment Outlook of zero.

    Austria50

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    Belgium

    No bar indicates Net Employment Outlook of zero.

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    France50

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    Germany

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    Ireland50

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    No bar indicates Net Employment Outlook of zero.

    Italy

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    -202003 2004 2005 2006

    Netherlands50

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    -202003 2004 2005 2006

    Norway

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    -202003 2004 2005 2006

    Spain50

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    -202003 2004 2005 2006

    Sweden

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    Switzerland joined the survey in Q3 2005.No bar indicates Net Employment Outlook of zero.

    Switzerland50

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    Line shows seasonally adjusted data.

    UK

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    Manpower Employment Outlook Survey USA

    The Manpower Employment Outlook Survey is conductedquarterly to measure employers intentions to increase ordecrease the number of employees in their workforce duringthe next quarter. The survey has been running for more than

    40 years and is one of the most trusted surveys of employmentactivity in the world. Various factors underpin the success of theManpower Employment Outlook Survey:

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

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

    Focused: For more than four decades, the survey has derivedall of its information from a single question.

    Independent: The survey is conducted with a representativesample of employers from throughout the countries in which itis conducted. The survey participants are not derived fromManpowers customer base.

    Robust: The survey is based on interviews with more than45,000 public and private employers across 23 countries andterritories to measure anticipated employment trends eachquarter. This sample allows for analysis to be performed acrossspecific sectors and regions to provide more detailed information.

    Methodology The Manpower Employment Outlook Survey is conducted using

    a validated methodology, in accordance with the higheststandards in market research. The research team for the 23countries and territories where the survey is currently conductedincludes Manpowers Market Intelligence team; the OrganizationResearch and Analysis Division of Right ManagementConsultants an independent operating division of ManpowerInc.; NOP World and Grupo IDM. The survey has beenstructured to be representative of each national economy. Themargin of error for all national, regional and global data is notgreater than +/- 4.0%.

    In the United States, the national survey is conducted byManpowers North American Market Intelligence Team andincludes 16,000 employers. With this number of interviews, the

    margin of error for the United States survey is +/- 0.8%.

    Survey Question All employers participating in the survey worldwide are asked thesame question, How do you anticipate total employment at yourlocation to change in the three months to the end of March 2006as compared to the current quarter?

    Net Employment Outlook Throughout this report, we use the term Net EmploymentOutlook. This figure is derived by taking the percentage of employers anticipating an increase in hiring activity and

    subtracting from this the percentage of employers that expect tosee a decrease in employment at their location in the next quarter.

    The result of this calculation is the Net Employment Outlook.

    Seasonal AdjustmentSeasonal adjustments have been applied to the data forCanada, United Kingdom and the United States to provideadditional insight into the survey data. These adjustments makeit possible to review the data without the employmentfluctuations that normally occur at the same time each year, thusproviding a clearer picture of the data over time. Manpowerintends to add seasonal adjustments to the data for othercountries in the future, as more historical data is compiled.

    History of the Survey 1962 1st generation of the Manpower Employment Outlook

    Survey launched in the United States and Canada.

    1966 Manpowers UK operation launches the equivalent of theUnited States survey, naming the report the QuarterlySurvey of Employment Prospects. The survey adopts thesame forward-looking research format as the United Statessurvey and is the first of its kind in Europe.

    1976 2nd generation of Manpowers Employment Outlook Survey launched in the United States and Canada.Research methodology is updated to evolve withadvancements in the field of market research.

    2002 Manpower UKs Quarterly Survey of EmploymentProspects is updated to adopt an enhanced researchmethodology. Manpowers operations in Mexico andIreland launch the survey in their respective countries.

    2003 3rd generation of the Manpower Employment Outlook Survey is launched, expanding the program to a total 18countries and territories worldwide: Australia, Austria,Belgium, Canada, France, Germany, Hong Kong, Ireland,Italy, Japan, Mexico, Netherlands, Norway, Singapore,Spain, Sweden, United Kingdom and United States.

    2004 Manpower operations in New Zealand launch theManpower Employment Outlook Survey.

    2005 Manpower operations in China, India, Switzerland and Taiwan launch the Manpower Employment Outlook Survey.

    About the Survey

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    About Manpower Inc.Manpower Inc. (NYSE: MAN) is a world leader in the employmentservices industry, offering customers a continuum of services tomeet their needs throughout the employment and business cycle.

    The company specializes in permanent, temporary and contract

    recruitment; employee assessment; training; career transition;organizational consulting services and professional financialservices. Manpowers worldwide network of 4,300 offices in72 countries and territories enables the company to meet theneeds of its 400,000 customers per year, including small andmedium size enterprises in all industry sectors, as well as theworlds largest multinational corporations. The focus of Manpowers work is on raising productivity through improvedquality, efficiency and cost-reduction, enabling customers toconcentrate on their core business activities. In addition to theManpower brand, the company operates under the brand namesof Right Management Consultants, Jefferson Wells and Elan.More information on Manpower Inc. is available atwww.manpower.com.

    About Manpower USA In the United States, Manpower offers businesses a range of HR services, in addition to providing administrative, industrialand contact center personnel. Under the ManpowerProfessional brand, the company places contract professionals

    on assignment in areas such as information technology,scientific, finance, engineering and telecommunications. Moreinformation about Manpowers US operation can be found atwww.us.manpower.com.

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    Manpower Inc., 5301 N. Ironwood Rd., Milwaukee, WI 53217Tel: 414 961 1000

    www.us.manpower.com