Manpowergroup Employment Outlook Survey UK Q4 · Manpowergroup Employment Outlook Survey UK Q4...

SMART JOB NO: 35924 QUARTER 4 2019

CLIENT: MANPOWER

SUBJECT: MEOS Q419 – UK – FOUR COLOUR – A4 – FOR PDF

SIZE: A4

DOC NAME: 35924_UNITEDKINgDOM_4COL_A4_Q419_FORPDF PAgE: 1

ARTWORK SIZE: 297mm x 210mm DATE: 29.08.19

Manpowergroup Employment Outlook SurveyUK

Q4 2019


CLIENT: MANPOWER


SIZE: A4



The ManpowerGroup Employment Outlook Survey for the fourth quarter 2019 was conducted by interviewing a representative sample of 2,102 employers in the UK.

All survey participants were asked, “How do you anticipate total employment at your location to change in the three months to the end of December 2019 as compared to the current quarter?”

Contents

UK Employment Outlook 1Organisation-Size ComparisonsRegional Comparisons Sector Comparisons

global Employment Outlook 15International Comparisons – EMEAInternational Comparisons – AmericasInternational Comparisons – Asia Pacific

About the Survey 32

About Manpowergroup® 33Uni

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ManpowerGroup Employment Outlook Survey 1


CLIENT: MANPOWER


SIZE: A4



Increase Decrease No Change Don’t Know Net EmploymentOutlook

SeasonallyAdjusted

% % % % % %

Oct-Dec 2018

Jan-Mar 2019

Apr-June 2019

July-Sep 2019

Oct-Dec 2019

7 3 89 1 4 4

8 2 87 3 6 7

7 3 89 1 4 3

6 3 91 0 3 3

8 3 87 2 5 5

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero’97 ’98 ’99 ’00 ’01 ’02 ’03 ’04 ’05 ’06 ’07 ’08 ’09 ’10 ’11 ’12 ’13 ’14 ’15 ’16 ’17 ’18 ’19

50

40

30

20

10

0

-10

-20

UK Employment Outlook

Employers in the UK report moderate hiring intentions for the coming quarter. With 8% of employers expecting to increase payrolls, 3% forecasting a decrease and 87% anticipating no change, the Net Employment Outlook is +5%.

Once the data is adjusted to allow for seasonal variation, the Outlook also stands at +5%. Hiring prospects improve by two percentage points when compared with the previous quarter, while remaining relatively stable in comparison with this time one year ago.

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.

2 ManpowerGroup Employment Outlook Survey


CLIENT: MANPOWER


SIZE: A4



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

Workforce gains are expected in all four organisation size categories during the upcoming quarter. Employers in both the Large- and Medium-size categories anticipate steady hiring activity, reporting Net Employment Outlooks of +15%. Small-size employers forecast some job gains, reporting an Outlook of +8%, while the Outlook for Micro-size employers stands at +2%.

Organisation-Size ComparisonsIn a quarter-over-quarter comparison, hiring plans improve by four and two percentage points in the Medium- and Micro-size categories, respectively. Meanwhile, Large-size employers report relatively stable hiring plans and the Outlook for Small-size employers is unchanged.

Medium-size employers report an improvement of five percentage points when compared with this time one year ago. Elsewhere, Outlooks remain relatively stable for Large- and Micro-size employers, while Small-size employers report no change.

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

SeasonallyAdjusted

% % % % % %

Large-Size 200 or more

Medium-Size 50-199

Small-Size 10-49

Micro-Size fewer than 10

23 8 66 3 15 15

19 4 76 1 15 15

11 2 84 3 9 8

5 3 91 1 2 2

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

Graph displays Seasonally Adjusted DataGraph displays Seasonally Adjusted Data

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

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019-10

0

10

20

30

40

50



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Employers in nine of the 12 regions expect to add to payrolls during the final quarter of 2019. The strongest labour markets are forecast for two regions with Net Employment Outlooks of +12% - the East Midlands and the South West. Employers also report encouraging signs for job seekers in the West Midlands and Yorkshire & the Humber with Outlooks standing at +10% and +8%, respectively. Meanwhile, employers in Wales expect to trim payrolls, reporting a downbeat Outlook of -7%.

Hiring intentions strengthen in seven of the 12 regions when compared with the third quarter of 2019. Employers in Scotland report a considerable increase of nine percentage points, while Outlooks are seven

EastEast MidlandsLondon

North WestNorth East

Northern IrelandScotlandSouth EastSouth West

DecreaseQ4 2019 Q4 2019 Q3 2019 Q4 2018

Qtr on QtrChangeQ3 2019

to Q4 2019

Yr on YrChangeQ4 2018

to Q4 2019IncreaseQ4 2019

% % % % % % %

WalesWest MidlandsYorkshire & the Humber��

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

1710

615488

14

23

1141313

15 (12)17 (6)1

5 (4)1

0 (0)1

1 (0)1

3 (4)1

5 (7)1

7 (5)1

11 (12)1

10 (10)10 (3)1

4 (4)1

2 (2)1

-1 (0)1

7 (7)1

-2 (-2)1

0 (0)1

6 (5)1

13 (10)15 (4)1

4 (3)1

4 (4)1

11 (10)1

-4 (-3)1

-1 (2)1

7 (5)1

7 (8)1

5 (2)17 (3)1

1 (0)1

-2 (-2)1

2 (0)1

-4 (-3)1

7 (9)1

7 (5)1

5 (7)1

2 (2)12 (2)1

1 (1)1

-4 (-4)1

-10 (-10)1

7 (7)1

6 (5)1

0 (0)1

4 (4)1

4 13 -9 (-7)1 -6 (-7)1 -9 (-7)1 -3 (0)1 0 (0)1

10 2 8 (10)1 9 (8)1 4 (6)1 -1 (2)1 4 (4)1

10 0 10 (8)1 4 (5)1 13 (11)1 6 (3)1 -3 (-3)1

Regional Summary and five percentage points stronger in the South West and the South East, respectively. However, hiring prospects weaken in two regions, declining by three percentage points in Northern Ireland and by two percentage points in the North East.

In a year-over-year comparison, hiring prospects strengthen in seven of the 12 regions. Employers in Northern Ireland report the most noteworthy increase of seven percentage points and the Outlook for Scotland is five percentage points stronger. Elsewhere, hiring plans weaken in three regions, including the North West where employers report a considerable decline of 10 percentage points.



CLIENT: MANPOWER


SIZE: A4



Payroll gains are anticipated in six of the nine industry sectors during the next three months. The strongest hiring pace is forecast in the Utilities sector where the Net Employment Outlook stands at +8%. Modest workforce gains are forecast for two sectors with Outlooks of +7% - the Construction sector and the Hotels & Retail sector. However, employers in both the Mining sector and the Transport & Communications sector report uncertain hiring plans with Outlooks of -1%.

When compared with the previous quarter, Outlooks strengthen in six of the nine industry sectors. Transport & Communications sector employers report the most notable increase of five percentage points, while the

AgricultureCommunity & SocialConstruction

Hotels & Retail

Finance & Business Services

ManufacturingMiningTransport & CommunicationsUtilities

DecreaseQ4 2019 Q4 2019 Q3 2019 Q4 2018

Qtr on QtrChangeQ3 2019

to Q4 2019

Yr on YrChangeQ4 2018

to Q4 2019IncreaseQ4 2019

% % % % % % %

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

45

6

10

1064

2

9

26

0

2

437

5

1

2 (4)1-1 (0)1

6 (7)1

8 (6)1

6 (7)1

3 (4)1

-3 (-1)1

-3 (-1)1

8 (8)1

0 (2)12 (0)1

5 (6)1

3 (3)1

6 (5)1

4 (3)1

7 (6)1

-4 (-6)1

11 (12)1

3 (5)111 (12)1

6 (7)1

6 (4)1

4 (5)1

7 (8)1

2 (4)1

-4 (-2)1

12 (12)1

2 (2)1-3 (0)1

1 (1)1

5 (3)1

0 (2)1

-1 (1)1

-10 (-7)1

1 (5)1

-3 (-4)1

-1 (-1)1-12 (-12)1

0 (0)1

2 (2)1

2 (2)1

-4 (-4)1

-5 (-5)1

1 (1)1

-4 (-4)1

Sector SummaryFinance & Business Services sector Outlook is three percentage points stronger. Meanwhile, hiring intentions weaken in two sectors, including the Mining sector where employers report a seven percentage point decline.

Hiring prospects weaken in five of the nine industry sectors when compared with this time one year ago. Employers in the Agriculture sector report a considerable decrease of 12 percentage points and the Outlook for the Mining sector declines by five percentage points. Elsewhere, hiring plans strengthen in three sectors, including the Finance & Business Services sector and the Hotels & Retail sector where employers report improvements of two percentage points.



CLIENT: MANPOWER


SIZE: A4



Workforce gains are anticipated in nine of the 12 regions during the next three months. Employers in two regions - the East Midlands and the South West - expect positive hiring activity, reporting Net Employment Outlooks of +12%. Elsewhere, cautiously optimistic hiring plans are reported in the West Midlands, where the Outlook is +10%, and in Yorkshire & the Humber with an Outlook of +8%. Employers in Scotland forecast a moderate hiring pace, reporting an Outlook of +7%, and Outlooks stand at +6% and +5% in the East and the South East, respectively. Meanwhile, employers in both the North East and the North West report subdued hiring plans with Outlooks of 0, and employers in Wales expect to reduce payrolls, reporting an Outlook of -7%.

When compared with the previous quarter, hiring prospects improve in seven of the 12 regions. The most notable increase of nine percentage points is reported in Scotland, and hiring plans are moderately

-10 20

East

East Midlands

London

National Average

North East

North West

Northern Ireland

Scotland

South East

South West

Wales

West Midlands

Yorkshire & the Humber

6 7

12 15

4 5

5 5

0 0

0 1

4 3

7 5

5 7

12 11

-7 -9

10 8

8 10

Net Employment OutlookNet Employment Outlook Seasonally Adjusted OutlookSeasonally Adjusted Outlook

-5 0 5 10 15

Regional Comparisonsstronger in the South West and the South East, increasing by seven and five percentage points, respectively. Elsewhere, increases of three percentage points are reported for the East and Yorkshire & the Humber. However, employers in Northern Ireland report a slight decline of three percentage points while the North East Outlook decreases by two percentage points.

Employers in seven of the 12 regions report stronger hiring intentions when compared with this time one year ago. Notable improvements of seven and five percentage points are reported in Northern Ireland and Scotland, respectively, and Outlooks are four percentage points stronger in two regions - the South West and the West Midlands. Meanwhile, Outlooks decline in three regions. North West employers report a considerable decrease of 10 percentage points, while hiring plans are four and three percentage points weaker in the North East and Yorkshire & the Humber, respectively.



CLIENT: MANPOWER


SIZE: A4



EastJob seekers can expect modest hiring opportunities in the October to December period, according to employers who report a Net Employment Outlook of +6%. Hiring plans improve by three percentage points when compared with the previous quarter and are two percentage points stronger year-over-year.

East MidlandsThe strongest labour market in three years is forecast for the coming quarter. Employers report a Net Employment Outlook of +12%, improving by two percentage points both quarter-over-quarter and year-over-year.


No bar indicates Net Employment Outlook of zero2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

50

40

30

20

10

0

-10

-20



50

40

30

20

10

0

-10

-20

+7 (+6)%

+15 (+12)%

+5 (+4)% LondonIn the final quarter of 2019, employers continue to anticipate slow-paced hiring activity, reporting a Net Employment Outlook of +4% for the second consecutive quarter. Hiring intentions remain relatively stable when compared with this time one year ago.



50

40

30

20

10

0

-10

-20



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SIZE: A4



0 (0)% North EastA subdued hiring climate is forecast for the next three months, with employers reporting a Net Employment Outlook of 0. Hiring prospects are two percentage points weaker when compared with the previous quarter and decline by four percentage points in comparison with Quarter 4 2018.



50

40

30

20

10

0

-10

-20

North WestJob seekers can expect the flat labour market to continue in the upcoming quarter, according to employers who report a Net Employment Outlook of 0. Hiring plans are unchanged quarter-over-quarter and decline by a considerable margin of 10 percentage points when compared with this time one year ago.

Northern IrelandWith a Net Employment Outlook of +4%, employers anticipate a soft labour market in the October to December period. Hiring plans decline by three percentage points quarter-over-quarter, but improve by seven percentage points when compared with this time one year ago.



50

40

30

20

10

0

-10

-20


Northern Ireland joined the survey in Q2 2003 No bar indicates Net Employment Outlook of zero2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

50

40

30

20

10

0

-10

-20

+1 (0)%

+3 (+4)%



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SIZE: A4



ScotlandEmployers anticipate the strongest hiring pace in more than two years during the final quarter of 2019. The Net Employment Outlook stands at +7%, improving by nine percentage points when compared with the previous quarter and by five percentage points in comparison with the fourth quarter of 2018.

South EastReporting a Net Employment Outlook of +5%, employers anticipate some payroll gains during the October to December period. Hiring prospects are five percentage points stronger when compared with the previous quarter and are unchanged in comparison with the final quarter of 2018.



50

40

30

20

10

0

-10

-20



50

40

30

20

10

0

-10

-20

+5 (+7)%

+7 (+5)%

South WestThe strongest hiring pace in four years is forecast for the final quarter of 2019. Employers report a Net Employment Outlook of +12%, improving by seven percentage points in comparison with Quarter 3 2019 and by four percentage points when compared with this time one year ago.



50

40

30

20

10

0

-10

-20

+11 (+12)%



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WalesThe sluggish hiring climate is forecast to continue in the next three months with employers reporting a Net Employment Outlook of -7% for the second consecutive quarter. Hiring prospects are also unchanged when compared with this time one year ago.



50

40

30

20

10

0

-10

-20

-9 (-7)%

West MidlandsEmployers report encouraging signs for job seekers in Quarter 4 2019 with a Net Employment Outlook of +10%. Hiring intentions improve by two and four percentage points quarter-over-quarter and year-over-year, respectively.

Yorkshire & the HumberSome hiring opportunities are likely in the forthcoming quarter, according to employers who report a Net Employment Outlook of +8%. The Outlook is three percentage points stronger when compared with the previous quarter, but declines by three percentage points in comparison with Quarter 4 2018.



50

40

30

20

10

0

-10

-20



50

40

30

20

10

0

-10

-20

+8 (+10)%

+10 (+8)%



CLIENT: MANPOWER


SIZE: A4



Employers in six of the nine industry sectors expect to add to payrolls during the October to December period, with the strongest labour market anticipated in the Utilities sector, where the Net Employment Outlook is +8%. Elsewhere, employers expect some payroll gains in the Construction sector and the Hotels & Retail sector, where Outlooks stand at +7%, and in the Finance & Business Services sector, with an Outlook of +6%. However, Agriculture sector employers forecast a cautious hiring climate with an Outlook of 0 while subdued Outlooks of -1% are reported in both the Mining sector and the Transport & Communications sector.

Hiring intentions strengthen in six of the nine industry sectors when compared with the third quarter of 2019. The Outlook for the Transport & Communications sector increases by five percentage points, and an improvement of three percentage points is reported

-5 15

Agriculture

Community & Social

Construction

Finance & Business Services

Hotels & Retail

Manufacturing

Mining

National Average

Transport & Communications

Utilities

0 -1

4 2

7 6

6 8

7 6

4 3

-1 -3

5 5

-1 -3

8 8

Net Employment OutlookNet Employment Outlook Seasonally Adjusted OutlookSeasonally Adjusted Outlook

0 5 10

Sector Comparisonsfor the Finance & Business Services sector. Slightly stronger hiring plans are reflected in improvements of two percentage points for the Community & Social sector and the Hotels & Retail sector. However, hiring prospects decline by seven and four percentage points in the Mining sector and the Utilities sector, respectively.

In a year-over-year comparison, employers in five of the nine industry sectors report weaker Outlooks. A considerable decline of 12 percentage points is reported for the Agriculture sector, while the Mining sector Outlook is five percentage points weaker. Elsewhere, hiring prospects decline by four percentage points in both the Utilities sector and the Manufacturing sector. Meanwhile, hiring intentions strengthen in three sectors, most notably by two percentage points in both the Finance & Business Services sector and the Hotels & Retail sector.



CLIENT: MANPOWER


SIZE: A4



AgricultureThe flat labour market is expected to continue during the final quarter of 2019, with employers reporting a Net Employment Outlook of 0 for the second consecutive quarter. When compared with Quarter 4 2018, hiring plans decline by a considerable margin of 12 percentage points.

Community & SocialJob seekers can expect limited hiring opportunities in the next three months, according to employers who report a Net Employment Outlook of +4%. Hiring plans improve by two percentage points in comparison with Quarter 3 2019 and remain relatively stable when compared with this time one year ago.



-30

-20

-10

0

10

20

30

40

50

60

Seasonally Adjusted OutlookNet Employment Outlook


-30

-20

-10

0

10

20

30

40

50

60

+2 (+4)%

-1 (0)%

ConstructionWith a Net Employment Outlook of +7%, employers forecast moderate hiring activity in the upcoming quarter. Hiring prospects remain relatively stable when compared with the previous quarter and are unchanged in comparison with the final quarter of 2018.



-30

-20

-10

0

10

20

30

40

50

60

+6 (+7)%



CLIENT: MANPOWER


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Finance & Business ServicesEmployers anticipate a mild hiring climate in the October to December period, reporting a Net Employment Outlook of +6%. Hiring intentions improve by three percentage points when compared with the previous quarter and are two percentage points stronger in comparison with this time one year ago.

In the Finance sub-sector, employers forecast limited hiring activity during the forthcoming quarter, reporting a Net Employment Outlook of +2%. Hiring prospects remain relatively stable quarter-over-quarter, but decline by six percentage points year-over-year.

Business Services sub-sector employers report encouraging signs for job seekers in the next three months. The Net Employment Outlook stands at +6%, improving by three percentage points when compared with the previous quarter and by two percentage points in comparison with Quarter 4 2018.



-30

-20

-10

0

10

20

30

40

50

60

+8 (+6)%

Hotels & RetailReporting a Net Employment Outlook of +7%, employers anticipate a fair hiring climate in the October to December period. Hiring prospects improve by two percentage points in comparison with both Quarter 3 2019 and Quarter 4 2018.

Job seekers in the B2B sub-sector can expect slow-paced hiring opportunities in the forthcoming quarter, according to employers who report a Net Employment Outlook of +3%. The Outlook is two percentage points stronger quarter-over-quarter and remains relatively stable when compared with this time one year ago.

With a Net Employment Outlook of +6%, B2C sub-sector employers anticipate moderate payroll gains during the next three months. Hiring intentions improve by three percentage points when compared with the previous quarter and are four percentage points stronger year-over-year.

Hotels & Restaurants sub-sector employers report respectable hiring plans for the final quarter of 2019. The Net Employment Outlook stands at +11%, improving by four percentage points quarter-over-quarter and unchanged when compared with this time one year ago.



-30

-20

-10

0

10

20

30

40

50

60

+6 (+7)%



CLIENT: MANPOWER


SIZE: A4



ManufacturingSlow-paced payroll gains are forecast for the fourth quarter of 2019, with employers reporting a Net Employment Outlook of +4%. The Outlook remains relatively stable quarter-over-quarter, but declines by four percentage points when compared with Quarter 4 2018.



-30

-20

-10

0

10

20

30

40

50

60

+3 (+4)%

MiningThe weakest - and first negative - hiring pace in two years is anticipated in the coming quarter. Employers report a Net Employment Outlook of -1%, declining by seven percentage points when compared with the previous quarter and by five percentage points year-over-year.



-30

-20

-10

0

10

20

30

40

50

60

-3 (-1)%



CLIENT: MANPOWER


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UtilitiesJob seekers can expect some hiring opportunities in the next three months, according to employers who report a Net Employment Outlook of +8%. However, the Outlook declines by four percentage points both quarter-over-quarter and year-over-year.

Transport & CommunicationsEmployers expect the labour market slump to continue in the upcoming quarter, reporting a fifth consecutive negative Net Employment Outlook, standing at -1%. Hiring intentions improve by five percentage points quarter-over-quarter, while remaining relatively stable in comparison with Quarter 4 2018.

Transport sub-sector employers anticipate a subdued hiring climate in Quarter 4 2019, reporting a Net Employment Outlook of -1% - the fifth consecutive negative forecast. However, hiring prospects improve by six and two percentage points quarter-over-quarter and year-over-year, respectively.

In the Telecomms sub-sector, employers forecast a quiet labour market for the October to December period, reporting a Net Employment Outlook of +1%. Hiring plans remain relatively stable when compared with the previous quarter and are unchanged in comparison with the final quarter of 2018.



-30

-20

-10

0

10

20

30

40

50

60



-30

-20

-10

0

10

20

30

40

50

60

+8 (+8)%

-3 (-1)%



CLIENT: MANPOWER


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global Employment OutlookManpowerGroup interviewed over 59,000 employers in 44 countries and territories to forecast labour market activity* in the fourth quarter of 2019. All participants were asked, “How do you anticipate total employment at your location to change in the three months to the end of December 2019 as compared to the current quarter?”

The ManpowerGroup research for the final quarter of 2019 reveals employers expect to grow payrolls in 43 of 44 countries and territories surveyed in the period up to the end of December 2019, with employers in one country forecasting no change to hiring intentions. The strongest hiring prospects are reported in Japan, Taiwan, the U.S., India and Greece, while the weakest hiring activity is expected in Spain, the Czech Republic, Argentina, Costa Rica and Switzerland.

In a comparison with the previous quarter, employers in 15 of 44 countries and territories report stronger hiring intentions, while employers in 23 expect a weaker hiring pace, with no reported change in six. When compared with the fourth quarter of 2018, hiring plans also strengthen in 15 countries and territories, decline in 23 and are unchanged in six.

Employers expect to add to payrolls in 25 of 26 Europe, Middle East & Africa (EMEA) region countries surveyed during the coming quarter, while employers in Spain expect a flat labour market. In a comparison with the previous quarter, hiring plans strengthen in 10 countries but weaken in 12. When compared with last year at this time, Outlooks improve in eight countries, but decline in 14. The strongest hiring intentions for the coming quarter are reported in Greece and Slovenia, while employers in Spain, the Czech Republic and Switzerland report the weakest hiring sentiment.

Workforce gains are expected in all eight Asia Pacific countries and territories during the October to December 2019 period. When compared with the previous quarter, hiring opportunities strengthen in three countries and territories, but weaken in four. In a comparison with the final quarter of 2018, employers report stronger hiring plans in two countries and territories, but hiring prospects decline in four. The region’s strongest labour markets in the next three months are expected in Japan and Taiwan, while employers in China and Singapore anticipate the weakest hiring pace.

Payroll gains are anticipated in all 10 Americas countries surveyed during the final quarter of 2019. When compared with the prior quarter, Outlooks improve in two Americas countries, but decrease in seven. In a comparison with this time one year ago, hiring intentions strengthen in five countries but weaken in five. Employers in the U.S. and Canada expect the strongest hiring activity during the forthcoming quarter, while the region’s weakest labour markets are expected in Argentina and Costa Rica.

Full survey results for each of the 44 countries and territories included in this quarter’s survey, plus regional and global comparisons, can be found at

www.manpowergroup.com/meos

The next ManpowerGroup Employment Outlook Survey will be released on 10 December 2019 and will detail expected labour market activity for the first quarter of 2020.

* Commentary is based on seasonally adjusted data where available. Data is not seasonally adjusted for Croatia or Portugal.



CLIENT: MANPOWER


SIZE: A4



%

†EMEA – Europe, Middle East and Africa.

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

* Indicates unadjusted data.

Quarter 4 2019 Net Employment Outlook

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

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

Japan

Taiwan

United States

India

Greece

Slovenia

New Zealand

Hong Kong

Canada

Australia

Norway

Portugal

Sweden

Brazil

Colombia

Guatemala

Poland

Mexico

Peru

Romania

Bulgaria

Croatia

Hungary

Belgium

France

Germany

Ireland

Israel

Slovakia

Turkey

Austria

Netherlands

United Kingdom

China

Finland

Italy

Panama

Singapore

South Africa

Argentina

Costa Rica

Switzerland

Czech Republic

Spain

Quarter 4 2019Qtr on Qtr Change

Q3 2019 to Q4 2019 Yr on Yr Change

Q4 2018 to Q4 2019

Americas

Asia PacificAustralia

China

Hong Kong

Japan

India

New Zealand

Singapore

Taiwan

EMEA†

Austria

Belgium

Bulgaria

Croatia

Costa Rica

Colombia

United States

Czech Republic

Greece

Hungary

South Africa

SloveniaSlovakia

Poland

PortugalRomania

Canada

Mexico

Peru

Brazil

Argentina

Guatemala

Panama

France

Germany

Finland

Ireland

Netherlands

Norway

Spain

Turkey

Italy

Switzerland

Sweden

Israel

UK

4 (4)1

4 (5)1

6 (6)1

12 (11)1

23 (26)1

16 (15)1

14 (14)1

20 (19)1

5 (4)1

20 (21)1

9 (12)1

8 (8)1

7 (8)1

6 (6)1

8 (6)1

5 (5)1

2 (3)1

6 (6)1

9 (10)1

-1 (0)1

9 (10)1

2 (6)1

3 (4)1

-4 (-4)1

-1 (2)1

3 (3)1

1 (-2)1

0 (1)1

6 (2)1

-2 (-2)1

7 (5)1

-7 (-7)1

-5 (0)1

-3 (-3)1

0 (0)1

0 (0)1

-3 (-3)1

1 (1)1

0 (0)1

-3 (-3)1

6 (6)1

-8 (-8)1

0 (0)1

6 (7)1 -3 (0)1 -1 (-1)1

7 -16 -2

2 (3)1 1 (-1)1 -4 (-4)19 (9)1 -2 (-1)1 -4 (-4)1

17 (20)1 -7 (-1)1 0 (1)1

2 (2)1 -3 (-1)1 -4 (-4)1

12 (18)1 -12 (-1)1 0 (1)1

6 (7)1 5 (6)1 -9 (-10)1

4 (4)1 2 (0)1 -2 (-2)116 (17)1 -1 (-2)1 0 (0)13 (6)1 -8 (-2)1 -6 (-6)1

8 (9)1 -3 (0)1 -4 (-4)1

10 -2 2

3 (8)1 -16 (-4)1 -12 (-11)1

-7 (0)1

-2 (-2)1

-4 (-2)1

-1 (-1)18 (9)1 -3 (-1)1 3 (2)12 (3)1 2 (2)1 1 (1)1

-5 (-5)110 (9)1 2 (-2)1 -3 (-3)1

1 (1)15 (4)1 3 (1)1 1 (1)1

-1 (1)1

2 (1)14 (4)1

1 (4)1 -6 (0)1 -4 (-4)1

-3 (-3)1

-1 (-1)1

0 (1)1

-4 (-2)1

0 (3)1

-3 (-1)1

0 (2)1

-10 (-2)1

1 (3)1

0 (0)1

5 (5)1

-3 (-3)1

5 (6)1 -4 (-1)1 -2 (-2)1

6 (6)1

-5 (-5)1

2 (2)1

-6 (-6)1

5 (5)1 2 (2)1 1 (1)1

2 (2)1

+26%

+21%

+20%

+19%

+18%

+17%

+15%

+14%

+12%

+11%

+10%

+10%*

+10%

+9%

+9%

+9%

+9%

+8%

+8%

+8%

+7%

+7%*

+7%

+6%

+6%

+6%

+6%

+6%

+6%

+6%

+5%

+5%

+5%

+4%

+4%

+4%

+4%

+4%

+4%

+3%

+3%

+2%

+3%

0%



CLIENT: MANPOWER


SIZE: A4



For the October to December 2019 period, ManpowerGroup surveyed more than 21,000 employers in 26 Europe, Middle East and Africa (EMEA) region countries about their hiring intentions. Employers in 25 EMEA countries expect to grow payrolls in the coming quarter, while employers in Spain anticipate a flat labour market.

Employers in all four of Europe’s largest economies expect to increase payrolls during the final quarter of 2019. Employers in Germany report relatively stable hiring plans when compared with the previous quarter, forecasting moderate workforce gains for Quarter 4 2019, partly driven by the strongest Public & Social sector Outlook in eight years. However, the Manufacturing sector shows signs of slowing with declines seen in both quarter-over-quarter and year-over-year comparisons. A fair hiring pace is also expected in France where Construction sector employers report their strongest hiring intentions since the survey began 16 years ago, and Public & Social sector employers expect the strongest labour market in nine years. Despite ongoing Brexit uncertainty, employers in the UK anticipate an increase in payrolls during the next three months with a slightly stronger Outlook than reported for the previous quarter. In Italy, employers expect slow-paced payroll gains, with improvements in comparison with the prior quarter and the same period last year, partly fuelled by the strongest Public & Social sector hiring prospects in more than eight years.

The relative stability of labour markets across the four largest European economies is echoed in some of the other Western European markets. Employers in The Netherlands report stable hiring plans in comparison with the previous quarter, with Transport, Storage & Communication sector employers forecasting their strongest hiring plans in eight years. In Belgium, employers anticipate some payroll gains with a slightly stronger Outlook in comparison with the previous quarter, partly driven by the strongest Wholesale & Retail sector Outlook in eight years.

In Spain, employers expect the weakest EMEA labour market, anticipating subdued hiring activity in the final quarter of 2019. While job gains are expected in six of the 10 Spanish industry sectors, employers in the

International Comparisons – EMEAConstruction, Manufacturing and Wholesale & Retail Trade sectors expect to trim payrolls, reporting their weakest Outlooks in five years.

In Greece, the upbeat hiring pace is expected to continue in the final quarter of 2019. Greece’s Outlook is the strongest in the EMEA region, partly driven by the strongest Wholesale & Retail Trade sector hiring plans since the survey began more than 11 years ago.

In the Nordic region, employers anticipate a fair hiring climate during the fourth quarter of 2019. Employers in Norway anticipate the strongest hiring pace in eight years, driven in part by an eight-year peak in hiring prospects for the Manufacturing sector and the strongest regional labour market in Greater Oslo for six years. In Sweden, employers anticipate the strongest labour market in two years for the coming quarter. Favourable payroll gains are forecast for the Public & Social sector, with employers reporting their strongest Outlook in seven years. Employers in Finland are more cautious, reporting reserved hiring sentiment for the fourth consecutive quarter.

Employers in Eastern Europe report mixed hiring expectations for the upcoming quarter. In Slovenia, the positive hiring pace is expected to continue, with employers reporting one of the most optimistic forecasts for the entire EMEA region, reflecting the strongest forecasts since the survey began in the Mining & Quarrying and Public & Social sectors. The Polish Outlook continues to offer some opportunities for job seekers, however forecasts weaken nationally and across most industry sectors from this time last year. Meanwhile, the Romanian Outlook for the next three months is the weakest in four years, with employers reporting considerable declines in hiring expectations for the Manufacturing, Transport, Storage & Communication and Wholesale & Retail Trade sectors from both the prior quarter and Quarter 4 2018. In Slovakia, employers also report the weakest hiring prospects in more than four years, fuelled by considerable declines in the Construction, Finance, Insurance, Real Estate & Business Services, Manufacturing and Transport, Storage & Communication sectors since the final quarter of 2018.



CLIENT: MANPOWER


SIZE: A4



Belgium +6 (+6)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero20102009 2011 2012 2013 2014 2015 2016 2017 2018 2019

-20

-10

0

10

20

30

40

50

60

Bulgaria +6 (+7)%

Bulgaria joined the survey in Q1 2011 No bar indicates Net Employment Outlook of zero20102009 2011 2012 2013 2014 2015 2016 2017 2018 2019

Seasonally Adjusted OutlookNet Employment Outlook

-20

-10

0

10

20

30

40

50

60

Croatia +7%Net Employment OutlookNet Employment Outlook

Croatia joined the survey in Q2 2018 No bar indicates Net Employment Outlook of zero20102009 2011 2012 2013 2014 2015 2016 2017 2018 2019

-20

-10

0

10

20

30

40

50

60

Austria +4 (+5)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook


-20

-10

0

10

20

30

40

50

60



CLIENT: MANPOWER


SIZE: A4



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


-20

-10

0

10

20

30

40

50

60

Finland +1 (+4)%

Finland joined the survey in Q4 2012 No bar indicates Net Employment Outlook of zero20102009 2011 2012 2013 2014 2015 2016 2017 2018 2019


-20

-10

0

10

20

30

40

50

60

France +6 (+6)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero2010 2009 2011 2012 2013 2014 2015 2016 2017 2018 2019

-20

-10

0

10

20

30

40

50

60

Germany +8 (+6)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook


-20

-10

0

10

20

30

40

50

60



CLIENT: MANPOWER


SIZE: A4



Ireland +6 (+6)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook


-20

-10

0

10

20

30

40

50

60

Israel +5 (+6)%

Israel joined the survey in Q4 2011 No bar indicates Net Employment Outlook of zero20102009 2011 2012 2013 2014 2015 2016 2017 2018 2019


-20

-10

0

10

20

30

40

50

60

Hungary +6 (+7)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

Hungary joined the survey in Q3 2009 No bar indicates Net Employment Outlook of zero20102009 2011 2012 2013 2014 2015 2016 2017 2018 2019

-20

-10

0

10

20

30

40

50

60

Greece +12 (+18)%

20102009 2011 2012 2013 2014 2015 2016 2017 2018 2019


No bar indicates Net Employment Outlook of zero

-20

-10

0

10

20

30

40

50

60



CLIENT: MANPOWER


SIZE: A4



Italy +3 (+4)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook


20

-20

-10

0

10

30

40

50

60

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


-20

-10

0

10

20

30

40

50

60

Norway +9 (+10)%

20102009 2011 2012 2013 2014 2015 2016 2017 2018 2019


No bar indicates Net Employment Outlook of zero

-20

-10

0

10

20

30

40

50

60

Poland +8 (+9)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook


-20

-10

0

10

20

30

40

50

60



CLIENT: MANPOWER


SIZE: A4



Slovenia +16 (+17)%

Slovenia joined the survey in Q1 2011 No bar indicates Net Employment Outlook of zero20102009 2011 2012 2013 2014 2015 2016 2017 2018 2019


-20

-10

0

10

20

30

40

50

60

Slovakia +3 (+6)%Net Employment OutlookNet Employment Outlook

Slovakia joined the survey in Q4 2011 No bar indicates Net Employment Outlook of zero20102009 2011 2012 2013 2014 2015 2016 2017 2018 2019

Seasonally Adjusted OutlookSeasonally Adjusted Outlook

-20

-10

0

10

20

30

40

50

60

Romania +3 (+8)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook


-20

-10

0

10

20

30

40

50

60

Portugal +10%Net Employment OutlookNet Employment Outlook

Portugal joined the survey in Q3 2016 No bar indicates Net Employment Outlook of zero20102009 2011 2012 2013 2014 2015 2016 2017 2018 2019

-20

-10

0

10

20

30

40

50

60



CLIENT: MANPOWER


SIZE: A4



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


-20

-10

0

10

20

30

40

50

60

South Africa +4 (+4)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook


-20

-10

0

10

20

30

40

50

60

Spain -1 (0)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook


-20

-10

0

10

20

30

40

50

60

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


-20

-10

0

10

20

30

40

50

60



CLIENT: MANPOWER


SIZE: A4



United Kingdom +5 (+5)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook


-20

-10

0

10

20

30

40

50

60

Turkey +2 (+6)%

Turkey joined the survey in Q1 2011 No bar indicates Net Employment Outlook of zero20102009 2011 2012 2013 2014 2015 2016 2017 2018 2019


-20

-10

0

10

20

30

40

50

60



CLIENT: MANPOWER


SIZE: A4



More than 23,000 employers across North, Central and South America were interviewed for the ManpowerGroup Employment Outlook Survey for the final quarter of 2019. Employers expect to add to payrolls in all 10 countries surveyed during the upcoming quarter.

As in every quarter for the past two years, the region’s strongest hiring prospects are reported in the United States. Hiring plans remain relatively stable in comparison with both the prior quarter and the same period one year ago, with employers in all 13 U.S. industry sectors expecting to grow payrolls during the final three months of 2019. The most active labour markets are forecast in the Leisure & Hospitality, Professional & Business Services and Wholesale & Retail Trade sectors. However, hiring sentiment has cooled when compared with the 13-year peak reported in the previous quarter, with Outlooks declining in 10 sectors quarter-over-quarter.

Employers in Canada continue to expect steady workforce gains, reporting an unchanged Outlook for the coming quarter. Stronger hiring expectations at the national level in the Transportation & Public Utilities and Public Administration sectors are helping to keep the labour market buoyant, along with the strongest regional hiring plans in Quebec since the region was first measured 16 years ago.

In Mexico, the steady hiring pace of recent years has stalled, according to employers who report their weakest hiring plans in nine years. Despite a five year high reported in Mexico’s Agriculture & Fishing sector, hiring sentiment weakens in the remaining six industry sectors, including the weakest hiring prospects for a decade in both the Commerce sector and the Manufacture sector.

In Central America, employers anticipate soft hiring activity in two of the three countries surveyed. Employers in Costa Rica report patchy hiring prospects, with employers in three of the six industry sectors expecting to trim payrolls during the final

International Comparisons – Americasquarter of 2019. Employers in Panama expect limited payroll gains in Quarter 4 2019, although employers in both the Services and Transport & Communication sectors report slight upticks when compared with the previous quarter. The moderate hiring pace in Guatemala looks set to continue during the coming quarter. Employers in the majority of the country’s industry sectors expect to grow payrolls, headed by positive hiring plans in the Transport & Communication sector.

In South America, employers in Argentina report a slight recovery from the upheaval earlier in 2019, expecting modest job gains in the next three months. The labour market is fuelled by an upbeat demand in the Finance, Insurance & Real Estate sector. However, Manufacturing sector employers match their weakest Outlook since the survey began 13 years ago, last seen in Quarter 1 2019.

In Brazil, employers expect the moderate hiring pace to continue, with employers in all eight industry sectors and all five regions expecting to grow payrolls during the coming quarter. Hiring prospects are particularly buoyant in the Construction sector, where employers report the strongest hiring plans in more than five years.

While slightly weaker than last year at this time, hiring sentiment amongst employers in Colombia remains relatively stable quarter-over-quarter, with hiring plans strongest in the Agriculture & Fishing and Finance, Insurance & Real Estate sectors. However, Construction and Mining sector employers now report the weakest Outlook of Colombia’s nine industry sectors, declining in comparison with both Quarter 3 2019 and Quarter 4 2019.

In Peru, employers continue to report conservative hiring intentions, remaining relatively stable compared with this time last year. Hiring plans are strongest in the Finance, Insurance & Real Estate sector - reaching a four-year peak - but Manufacturing sector employers expect to trim payrolls in the quarter ahead, reporting the weakest labour market in a decade.



CLIENT: MANPOWER


SIZE: A4



Brazil +8 (+9)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

Brazil joined the survey in Q4 2009 No bar indicates Net Employment Outlook of zero20102009 2011 2012 2013 2014 2015 2016 2017 2018 2019

-20

-10

0

10

20

30

40

50

60

Canada +9 (+12)%Seasonally Adjusted OutlookNet Employment Outlook


-20

-10

0

10

20

30

40

50

60

Colombia +9 (+9)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook


-20

-10

0

10

20

30

40

50

60

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


-20

-10

0

10

20

30

40

50

60



CLIENT: MANPOWER


SIZE: A4



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


-20

-10

0

10

20

30

40

50

60

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


-20

-10

0

10

20

30

40

50

60

Mexico +8 (+8)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook


-20

-10

0

10

20

30

40

50

60

Panama +5 (+4)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

Panama joined the survey in Q2 2010 No bar indicates Net Employment Outlook of zero20102009 2011 2012 2013 2014 2015 2016 2017 2018 2019

-20

-10

0

10

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CLIENT: MANPOWER


SIZE: A4



+17 (+20)%United States of AmericaSeasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook


-20

-10

0

10

20

30

40

50

60

Peru +7 (+8)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook


-20

-10

0

10

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40

50

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CLIENT: MANPOWER


SIZE: A4



For the final quarter of 2019, ManpowerGroup surveyed almost 15,000 employers across eight countries and territories in the Asia Pacific region, and the results reveal that employers in all eight expect to add to payrolls in the upcoming quarter.

Employers in Japan report the strongest hiring prospects across the entire Asia Pacific region for the sixth consecutive quarter. Robust hiring prospects in the Mining & Construction and Services sectors continue to fuel Japan’s strong Outlook, buoyed in Quarter 4 2019 by the strongest Finance, Insurance & Real Estate sector Outlook in more than two years and the most optimistic Public Administration & Education sector Outlook in 11 years.

In the region’s largest labour market, employers in China expect a cautious hiring climate in the coming quarter, reporting their weakest Outlook in two years. Job gains are expected in all six industry sectors and all nine Chinese regions during the next three months, but hiring plans weaken in all sectors and regions in comparison with both the prior quarter and this time one year ago.

While expecting the steady hiring pace to continue in the final quarter of 2019, Employers in Hong Kong also forecast the weakest hiring plans in two years, with hiring sentiment declining across all six industry sectors both quarter-over-quarter and year-over-year.

Employers in Singapore anticipate limited payroll gains in the forthcoming quarter, reporting their weakest forecast in two years. The cautious national Outlook

International Comparisons – Asia Pacificis underpinned by employers in the Manufacturing, Services and Transportation & Utilities sectors all reporting their weakest hiring plans in a decade.

Hiring prospects in Taiwan are unchanged when compared with the previous quarter, with employers expecting healthy payroll gains to continue in the October to December period, fuelled by a Mining & Construction sector labour market at its strongest in four years. Optimistic hiring plans are also reported in both the Finance, Insurance & Real Estate and Services sectors for the quarter ahead.

Hiring sentiment in India is the strongest since the start of 2018, with employers in all seven industry sectors and all four regions reporting improved hiring plans for the final quarter of 2019 when compared with the previous quarter. This positive trend is driven in part by employers in both the Public Administration & Education and Wholesale & Retail Trade sectors, who report their strongest hiring intentions in three years.

Respectable payroll gains are anticipated in Australia during the coming quarter, although employers in five of seven industry sectors report weaker hiring intentions when compared with the same period last year, with double-digit declines in both the Mining & Construction and Finance, Insurance & Real Estate sectors.

Employers in New Zealand expect the steady hiring pace to continue in the next three months. Hiring prospects are slightly stronger when compared with the previous quarter, partly driven by Services sector employers who report their strongest hiring plans in four years.

Australia +12 (+11)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook


-20

-10

0

10

20

30

40

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CLIENT: MANPOWER


SIZE: A4



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


-20

-10

0

10

20

30

40

50

60

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


-20

-10

0

10

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30

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50

60

+20 (+19)%India Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook


-20

-10

0

10

20

30

40

50

60

Japan +23 (+26)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook


40

-20

-10

0

10

20

30

50

60



CLIENT: MANPOWER


SIZE: A4



New Zealand +16 (+15)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook


-20

-10

0

10

20

30

40

50

60

Singapore +5 (+4)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook


-50

-40

-30

-20

-10

0

10

20

30

40

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


-20

-10

0

10

20

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CLIENT: MANPOWER


SIZE: A4



The ManpowerGroup 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 55 years and is one of the most trusted surveys of employment activity in the world. Various factors underpin the success of the ManpowerGroup Employment Outlook Survey:

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

Projective: The ManpowerGroup 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 59,000 public and private employers across 44 countries and territories to measure anticipated employment trends each quarter. This sample allows for analysis to be performed across specific sectors and regions to provide more detailed information.

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

For the Quarter 4 2019 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 December 2019 as compared to the current quarter?”

About the SurveyMethodologyThe ManpowerGroup 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 +/- 4.0%.

In the UK, the national survey includes 2,102 employers. With this number of interviews, the margin of error for the UK survey is +/- 2.1%.

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

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



CLIENT: MANPOWER


SIZE: A4



ManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organisations transform in a fast-changing world of work by sourcing, assessing, developing and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organisations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands - Manpower®, Experis®, Right Management® and ManpowerGroup® Solutions - creates substantially more value for candidates and clients across 80 countries and territories and has done so for over 70 years. In 2019, ManpowerGroup was named one of the World’s Most Ethical Companies for the tenth year and one of Fortune’s Most Admired Companies for the seventeenth year, confirming our position as the most trusted and admired brand in the industry. See how ManpowerGroup is powering the future of work: www.manpowergroup.com

About ManpowergroupTM

Manpowergroup Employment Outlook Survey UK Q4 · Manpowergroup Employment Outlook Survey UK Q4...

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