MEOS Q2 2017

ManpowerGroup Employment Outlook SurveyQ2 2017

Tuesday, 14 March 2017

ManpowerGroup Employment Outlook Survey – Q2 2017

ManpowerGroup Tuesday, 14 March 2017 2

MEOS Q2 2017 Summary

• At the national level, the NEO is +5%, down two points on the previous quarter: This is back in line with the Q4, 2016 outlook.

• Private sector sentiment hits three year low: Private sector optimism is down three points to +4, the lowest level of optimism since 2014.

• Smallest businesses buffeted by uncertainty: The outlook for the sector has fallen to +1, the weakest outlook in three years. In contrast, big employers are markedly more upbeat.

• London and Scotland downbeat: Optimism in the capital dipped from +8 last time to +3 this quarter – the first time London has underperformed the national outlook in over two years. Scotland is down dramatically, the only region in negative territory and now at its weakest outlook in five years.

• Optimism in construction hits 10 yr high: Hiring intention in the building sector is flying on +12, up 2 points on the quarter.



2009 2011 2012 2013

2014 2015 2016

MEOS: Since 1Q 2009

2017

Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2

-8-6-4-202468

-3

-6-5

-1

1 1 1 12 2

31

02 2

46 6

57

57 7 7

6 6 65

67

65

75

National NEO



Size of company breakdown

3

7

11

11

14

1

5

8

12

16

2Q '171Q '17

QoQ change

LARGE

MEDIUM

SMALL

NATIONAL

MICRO

+2

+1

-3

-2

-2



QoQ changeIndustry sector breakdown12

7

6

6

5

4

3

1

-1

-2

10

13

7

6

7

6

4

0

2

3

+2

-6

-1

0

-2

-2

-1

+1

-3

-5

CONSTRUCTION

UTILITIES

FINANCE & BUSINESS SERVICES

MANUFACTURING

NATIONAL

RETAIL, WHOLESALE, HOSPITALITY

PUBLIC & SOCIAL

TRANSPORT, STORAGE, COMMS

MINING & QUARRYING

AGRICULTURE



Public / private sector breakdown

QoQ change

• Private sector hiring remains strong• Public sector still hit hard

-3

7

7

8

-2

4

5

7

2Q '17

NOT FOR PROFIT*

NATIONAL

PRIVATE

PUBLIC

-1

-2

-3

+1



Regions and nations breakdown QoQ change

8

2

8

5

6

8

7

8

8

3

4

8

9

-3

2

3

4

5

5

5

5

5

6

7

8

9

2Q '171Q '17

EAST

EAST MIDLANDS

NORTHERN IRELAND

NORTH WEST

WEST MIDLANDS

SOUTH WEST

NATIONAL

YORKS & HUMBER

NORTH EAST

SOUTH EAST

LONDON

WALES

SCOTLAND

0

0

+3

+3

-3

-3

-2

-3

-1

-1

-5

0

-11



UK employment intention heat map: Q2 2017

MEOS Q2 2017

Recruiting & HR

Transcript of MEOS Q2 2017