Manpower Employment Outlook Survey: United States - Q2, 2006

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    Q

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    Manpower

    EmploymentOutlook SurveyUnited States

    A Manpower Research Report

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    Manpower Employment Outlook Survey United States

    Nearly 16,000 interviewshave been conducted withemployers across theUnited States to measureanticipated employmenttrends between April andJune 2006. All participants

    were asked, How do youanticipate total employmentat your location to changein the three months tothe end of June 2006 ascompared to the currentquarter?

    Among employers surveyed, 30% foresee an increase

    in hiring activity during the second quarter of 2006, and6% anticipate a decline in staff levels. Fifty-eight percent

    expect no change in hiring activity, while 6% have yet to

    decide on their April June hiring plans.

    When the seasonal variations are removed from the

    data, the second quarter hiring projections follow the

    pattern of the eight preceding quarters. Since the

    second quarter of 2004, there has been almost no

    change in the Net Employment Outlook for the United

    States, and the momentum of this healthy hiring pace

    is expected to continue through the middle of 2006.

    Please note that throughout this report, the figure used

    in all graphs is the 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.

    United States Employment Outlook

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

    Net Employment OutlookSeasonally Adjusted Outlook

    -5

    0

    5

    10

    15

    20

    25

    30

    35

    Increase Decrease No Change Dont Know Net EmploymentOutlook SeasonallyAdjusted

    % % % % % %

    2nd Quarter 2005 30 7 58 5 23 20

    3rd 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

    2nd Quarter 2006 30 6 58 6 24 21

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

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    Employers in seven of the 10 industry sectors report

    hiring plans that are on par with first quarter expectations,

    including Construction, Durable and Non-Durable

    Goods Manufacturing, Transportation/Public Utilities,

    Wholesale/Retail Trade, Finance/Insurance/Real Estate

    and Services.

    Job prospects in the Mining sector are expected to pick

    up considerably during the April June period. A dip in

    hiring activity was predicted for the early months of the

    year, but anticipated hiring for second quarter more

    than makes up for the weak start. Education employers

    The hiring outlook for the U.S. regions shows virtually

    no change from first quarter projections. Staffing plans

    for the Northeast, Midwest, South and West are all

    expected to remain consistent through June 2006.

    The April June hiring pace is also about the same as

    it was a year ago in the Northeast, Midwest and South.

    Employers in the West are slightly more optimistic about

    their staffing plans than they were last year at this time.

    Employers in the West are most optimistic about their

    staffing plans, while those in the Midwest and Northeast

    express the weakest hiring intentions.

    are slightly more optimistic about hiring than they were

    at the start of the year, while employer confidence in the

    Public Administration sector has dipped.

    A year-over-year comparison reveals similar hiring plans

    among employers in Durable and Non-Durable GoodsManufacturing, Wholesale/Retail Trade and Services.

    Construction, Education and Mining employers report

    stronger job prospects than in the second quarter of

    2005, while those in the Transportation/Public Utilities,

    Finance/Insurance/Real Estate and Public

    Administration sectors foresee a softer job market.

    Net Employment

    Outlook

    Seasonally

    AdjustedIncrease Decrease No Change Dont Know

    % % % %%%

    Construction 43 3 49 405 28

    Education 20 5 70 15 165

    Finance, Insurance & Real Estate 26 4 63 7 22 21

    Manufacturing Durables 33 7 54 6 26 22

    Manufacturing Non-Durables 28 7 60 5 1921

    Mining 37 3 52 8 3334

    Public Administration 23 5 62 18 1210

    Services 31 6 57 6 25 21

    Transportation & Public Utilities 23 6 65 6 17 17

    Wholesale & Retail Trade 30 7 57 6 23 22

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

    Net Employment SeasonallyIncrease Decrease No Change Dont Know

    Outlook Adjusted

    % % % %

    Midwest

    Northeast 27 9 58 6 18 17

    31 5 57 7 26 23

    27 5 64 4 22 17

    South

    West 35 7 51 7 28 26

    % %

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    Manpower Employment Outlook Survey United States

    Regional ComparisonsMidwest

    Of the employers surveyed in the Midwest, 27%

    anticipate adding to their payrolls for the second quarterof 2006, and 5% expect to reduce employment levels.

    This yields a Net Employment Outlook of 22%. On a

    seasonally adjusted basis, the Midwest is the picture of

    stability with little change in hiring from first quarter and

    a year ago at this time. Although the job market is

    steady, employer confidence levels are weaker in

    comparison with other regions.

    In a quarter-over-quarter comparison, Mining employers

    report the most notable change with a considerable spike

    in confidence levels over first quarter. The employment

    picture is expected to improve slightly in Education,

    and Durable and Non-Durable Goods Manufacturing.

    Wholesale/Retail Trade, Finance/Insurance/Real Estate

    and Services employers expect little change in the

    hiring pace, while a slow-down is predicted in the

    Construction, Transportation/Public Utilities and Public

    Administration sectors.

    Net Employment

    Outlook

    Seasonally

    AdjustedIncrease Decrease No Change Dont Know

    %%%%% %

    All Industries 27 5 64 4 22 17

    Construction 40 2 53 5 38 18

    Education 814 74 4 6 7

    Finance, Insurance & Real Estate 21 3 70 6 18 17

    Manufacturing Durables 32 7 58 3 25 20

    Manufacturing Non-Durables 28 5 62 5 23 20

    Mining 40 0 60 0 3840

    Public Administration 23 5 66 6 18 6

    Services 27 5 63 5 22 18

    Transportation & Public Utilities 20 725 3 15 16

    Wholesale & Retail Trade 28 5 62 5 23 19

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

    Net Employment OutlookSeasonally Adjusted Outlook

    -5

    0

    5

    10

    15

    20

    25

    30

    35

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

    Dakota, Wisconsin.

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    Northeast

    Twenty-seven percent of employers in the Northeast are

    likely to increase staff levels, while 9% expect to trim

    payrolls in the second quarter of 2006, resulting in a

    Net Employment Outlook of 18%. On a seasonallyadjusted basis, hiring intentions are similar to those

    from first quarter and a year ago at this time. Among

    the four regions, the hiring picture for the Northeast is

    at the weak end of the scale.

    When compared with the beginning months of 2006,

    Wholesale/Retail Trade employers foresee a strong

    acceleration in the hiring pace for the coming quarter.

    Employers are slightly more positive about staffing in

    Education and Public Administration. Job market

    optimism is fading in Durable and Non-Durable Goods

    Manufacturing, and Construction. Compared with first

    quarter, employer confidence in the Mining sector has

    plummeted. Hiring is expected to remain unchanged in

    Transportation/Public Utilities, Finance/Insurance/Real

    Estate and Services.

    Net Employment

    Outlook

    Seasonally

    AdjustedIncrease Decrease No Change Dont Know

    %%%%% %

    All Industries 27 9 58 6 18 17

    Construction 40 7 48 5 33 25Education 319 71 7 16 16

    Finance, Insurance & Real Estate 26 6 62 6 20 18

    Manufacturing Durables 28 11 55 6 17 16

    Manufacturing Non-Durables 24 9 62 5 15 15

    Mining 0 25 75 0 -24-25

    Public Administration 17 5 72 6 12 10

    Services 27 8 58 7 19 16

    Transportation & Public Utilities 20 668 6 12 14

    Wholesale & Retail Trade 30 11 53 6 19 22

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

    Net Employment OutlookSeasonally Adjusted Outlook

    -10

    -5

    0

    5

    10

    15

    20

    25

    30

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

    Rhode Island, Vermont.

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    Manpower Employment Outlook Survey United States

    South

    In the South, 31% of employers plan to add staff, while

    5% expect personnel reductions. This creates a Net

    Employment Outlook of 26%. Seasonally adjusted

    survey data points to continued job market stability inthe region. For the second quarter of 2006, hiring plans

    are on par with those from first quarter and a year ago

    at this time.

    Consistency is also the story in four of the industry sectors

    surveyed. Compared to last quarter, the hiring pace is

    expected to remain relatively unchanged in Construction,

    Durable Goods Manufacturing, Finance/Insurance/Real

    Estate and Public Administration. Mining employers are

    significantly more confident about hiring in the April

    June period. Employer confidence is also up, although

    less dramatically, in Non-Durable Goods Manufacturing,

    Education and Services. At the other end of the

    spectrum, employers in Transportation/Public Utilities

    and Wholesale/Retail Trade reported softer hiring plans.

    Net Employment

    Outlook

    Seasonally

    AdjustedIncrease Decrease No Change Dont Know

    %%%%% %

    All Industries 31 5 57 7 26 23

    Construction 43 2 49 6 41 32Education 422 69 5 18 21

    Finance, Insurance & Real Estate 26 3 62 9 23 22

    Manufacturing Durables 35 5 51 9 30 25

    Manufacturing Non-Durables 29 7 57 7 22 20

    Mining 39 0 53 8 3639

    Public Administration 24 4 57 15 20 15

    Services 34 4 55 7 30 26

    Transportation & Public Utilities 22 666 6 16 17

    Wholesale & Retail Trade 32 6 56 6 26 26

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

    Net Employment OutlookSeasonally Adjusted Outlook

    -5

    0

    5

    10

    15

    20

    25

    30

    35

    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.

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    West

    Thirty-five percent of employers surveyed in the West

    foresee an increase in employment levels, and 7%

    expect a decline in their payrolls. The result is a Net

    Employment Outlook of 28%. When seasonal variationsare removed from the data, the West surfaces as the

    region with the most promising employment prospects

    for the second quarter of 2006.

    Fueling the job market strength are some considerable

    improvements in employer optimism. The hiring pace

    in the Mining, Durable Goods Manufacturing and

    Transportation/Public Utilities sectors is expected to be

    notably stronger compared with first quarter. A moderate

    gain in employer confidence is also evident among

    Non-Durable Goods Manufacturing, Finance/Insurance/

    Real Estate and Education employers. Employers in the

    Construction, Services, Public Administration and

    Wholesale/Retail Trade sectors expressed more

    conservative hiring plans over first quarter.

    Net Employment

    Outlook

    Seasonally

    AdjustedIncrease Decrease No Change Dont Know

    %%%%% %

    All Industries 35 7 51 7 28 26

    Construction 51 4 41 4 47 35Education 630 61 3 24 25

    Finance, Insurance & Real Estate 34 4 54 8 30 30

    Manufacturing Durables 38 6 50 6 32 29

    Manufacturing Non-Durables 34 6 56 4 28 25

    Mining 40 7 40 13 3333

    Public Administration 28 6 57 9 22 20

    Services 39 7 47 7 32 27

    Transportation & Public Utilities 30 545 11 25 27

    Wholesale & Retail Trade 32 10 52 6 22 23

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

    Net Employment OutlookSeasonally Adjusted Outlook

    -5

    0

    5

    10

    15

    20

    25

    30

    35

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

    Washington, Wyoming.

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    Manpower Employment Outlook Survey United States

    Sector ComparisonsConstruction and Mining employers are the most confident

    about hiring plans for the second quarter of 2006,

    according to seasonally adjusted survey results. Solid

    job prospects are expected in seven of the 10 industry

    sectors, including Education, Finance/Insurance/Real

    Estate, Durable and Non-Durable Goods Manufacturing,

    Services, Transportation/Public Utilities and

    Wholesale/Retail Trade. Employers in the Public

    Administration sector are least optimistic about their

    second quarter hiring pace.

    Construction

    Education

    Finance, Insurance & Real Estate

    Manufacturing Durables

    Manufacturing Non-Durables

    Mining

    Public Administration

    Services

    Transportation & Public Utilities

    Wholesale & Retail Trade

    22

    28

    15

    16

    0 4540

    3433

    1812

    25

    17

    21

    2322

    2622

    21

    17

    19

    21

    Net Employment Outlook Seasonally Adjusted Outlook

    40

    5 10 15 20 25 30 35

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    Construction +28%

    In the Construction sector, the hiring pace is expected

    to remain historically high during the second quarter

    of 2006. Seasonally adjusted survey results show

    consistency in employer confidence levels comparedwith first quarter of this year, while job prospects are

    slightly improved from a year ago.

    During the April June period, hiring plans are most

    buoyant in the West, while Construction employers in the

    Midwest report considerably weaker hiring expectations.

    -20

    -10

    0

    10

    20

    30

    40

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

    Net Employment OutlookSeasonally Adjusted Outlook

    Education +16%

    When seasonal variations are removed from the survey

    data, Education employers expect a small pick-up in the

    hiring pace during the second quarter of 2006. Hiring

    plans are slightly more optimistic than those reported

    for first quarter of 2006 and last year at this time.

    As was the case last quarter, employers in the West are

    more likely to staff up, while the hiring landscape in the

    Midwest is predicted to be the more barren than in the

    other regions.

    -10

    25

    -5

    0

    5

    10

    15

    20

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

    Net Employment OutlookSeasonally Adjusted Outlook

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    Manpower Employment Outlook Survey United States

    Finance, Insurance & Real Estate +21%

    Finance/Insurance/Real Estate employers remain

    consistent in their hiring plans as they look ahead to the

    second quarter of 2006. The seasonally adjusted survey

    results indicate that the hiring pace in the comingquarter is expected to mirror that of first quarter 2006.

    Compared to a year ago, employers are just slightly

    less optimistic about their staffing plans.

    A regional comparison reveals that employers in the

    West have the strongest hiring plans, while those in the

    Midwest report the weakest staffing expectations.

    0

    25

    5

    10

    15

    20

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

    Net Employment OutlookSeasonally Adjusted Outlook

    Manufacturing Durable Goods +22%

    Durable Goods Manufacturers are unmoved in their

    hiring expectations, according to seasonally adjusted

    survey data. For five consecutive quarters, there has

    been little change in hiring plans. Thus, job prospects

    for the second quarter of 2006 are similar to those

    reported for the January March period and a year ago.

    Hiring plans are most promising in the West, while the

    weakest hiring activity is expected in the Northeast.

    -10

    -5

    0

    5

    1015

    20

    25

    30

    35

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

    Net Employment OutlookSeasonally Adjusted Outlook

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    Manufacturing Non-Durable Goods+19%

    According to seasonally adjusted data, Non-Durable

    Goods Manufacturers foresee no change to the steady

    hiring pace that has been in place for the past two years.

    Employer confidence levels are identical to those reported

    for the first quarter of 2006 and last year at this time.

    For the second quarter, employers in the West are most

    likely to add staff, while those in the Northeast have the

    weakest hiring expectations.

    0

    5

    10

    15

    20

    25

    30

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

    Net Employment OutlookSeasonally Adjusted Outlook

    Mining +33%

    Employers in the Mining sector expect to hire at a strong

    pace during the second quarter of 2006. According to

    seasonally adjusted survey results, Mining employers

    have the most optimistic hiring outlook among the

    10 industry sectors surveyed. Hiring plans are considerably

    improved from first quarter, and employers report a

    modest gain in the hiring pace compared to a year ago.

    Regional hiring patterns show that employers in

    the Midwest expect to offer the most promising job

    prospects, while those in the Northeast have the

    weakest hiring intentions.

    -10

    35

    -5

    0

    5

    10

    15

    20

    2530

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

    Net Employment OutlookSeasonally Adjusted Outlook

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    Transportation & Public Utilities +17%

    Seasonally adjusted survey results reveal that confidence

    among Transportation/Public Utilities employers is

    expected to remain steady during the second quarter of

    2006. Employers are equally as confident about hiring asthey were during the first quarter, and just slightly less

    optimistic about staffing plans than they were a year ago.

    The strongest hiring activity for the Transportation/Public

    Utilities sector is expected in the West, while employers

    in the Northeast are more reserved in their staffing plans.

    -10

    25

    -5

    0

    5

    10

    15

    20

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

    Net Employment OutlookSeasonally Adjusted Outlook

    Wholesale & Retail Trade +22%

    During the second quarter of 2006, Wholesale/Retail

    Trade employers expect the hiring pace to remain

    steady. When seasonal variations are removed from the

    data, hiring plans are similar to those reported for the

    January March period and a year ago at this time.

    Employers in the South are most confident about hiring

    in the coming quarter, while those in the Midwest have

    the most conservative staffing plans.

    -15

    35

    -10-505

    1015202530

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

    Net Employment OutlookSeasonally Adjusted Outlook

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    Manpower Employment Outlook Survey United States

    Over 47,000 employers have been interviewed across

    24 countries and territories to measure anticipatedemployment trends between April and June 2006.

    Employers in 23 of the 24 countries and territories

    surveyed expect to add to their workforces in the second

    quarter of 2006, although 8 of the 24 countries and

    territories are reporting weaker employment prospects

    compared to last year at this time. All employers

    report improved or equal Net Employment Outlooks

    compared to three months ago, except those in the

    UK, when seasonal adjustments are taken into

    account. Employers in Peru joined the survey for the

    Global Employment Outlook

    first time this quarter and reported a buoyant forecast,

    while employers in Germany reported only theirsecond positive Outlook since the survey began in

    the country in Quarter 3 2003. Employers in Japan,

    India, Taiwan and Peru reported the strongest hiring

    expectations, with those in Italy reporting the weakest,

    and only negative, forecast. Across Europe, the

    majority of markets look set to improve from three

    months ago, with the strongest hiring expected in

    Spain, Norway and Sweden. In the United States and

    Canada, seasonally adjusted data reveals stable and

    continued buoyant hiring activity.

    Americas

    Canada

    Mexico

    Peru

    Asia Pacific

    Australia

    ChinaHong Kong

    Japan

    India

    New Zealand

    Singapore

    Taiwan

    Europe

    Austria

    Belgium

    France

    Germany

    Ireland

    Netherlands

    Norway

    Spain

    UK

    Italy

    Switzerland

    Sweden

    Net Employment Outlook

    Net Employment Outlook

    Net Employment Outlook

    Quarter 2 2006

    Quarter 2 2006

    Quarter 2 2006

    Quarter 1 2006

    Quarter 1 2006

    Quarter 1 2006

    12

    %

    -3

    8

    0

    -4

    3

    2

    %

    2 (17)1

    17

    -

    %

    20

    15

    24

    16

    27

    9

    22

    11

    11

    8

    2

    9 (13)1

    -2

    21

    %

    7

    8

    4

    5

    7

    9

    %

    29 (21)1

    21

    31

    %

    20

    43

    26

    25

    40

    19

    31

    15

    16

    17

    16

    13 (11)1

    -1

    Qtr on Qtr Change

    Q1 2006 to Q2 2006

    Qtr on Qtr Change

    Q1 2006 to Q2 2006

    Qtr on Qtr Change

    Q1 2006 to Q2 2006

    9

    10

    0

    4

    9

    4

    7

    27 (4)1

    4

    -

    0

    28

    2

    9

    13

    10

    9

    4

    5

    9

    14

    4 (-2)1

    1

    -7

    5

    1

    2

    6

    9

    -

    3 (3)1

    -1

    -

    -1

    8

    -4

    6

    -

    7

    -4

    0

    -3

    7

    7

    -2 (-1)1

    -4

    Yr on Yr Change

    Q2 2005 to Q2 2006

    Yr on Yr Change

    Q2 2005 to Q2 2006

    Yr on Yr Change

    Q2 2005 to Q2 2006

    1. Number in parentheses is Net Employment Outlook when adjusted to remove the impact of seasonal variations in hiring activity for Canada, the UK

    and the United States.

    Quarter 2 2005

    %

    26 (18)1

    22

    -

    United States 13 (20)1 24 (21)1 11 (1)1 1 (1)123 (20)1

    Quarter 2 2005

    %

    21

    35

    -

    28

    -

    19

    35

    30

    12

    Quarter 2 2005

    %

    2

    7

    2

    -1

    15

    -2

    19

    10

    9

    15 (12)1

    3

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    50

    40

    30

    20

    10

    0

    -10

    -20

    2003 2004 2005 2006

    Net Employment OutlookNet Employment OutlookSeasonally Adjusted OutlookSeasonally Adjusted Outlook

    Canada

    50

    40

    30

    20

    10

    0

    -10

    -20

    2003 2004 2005 2006

    Net Employment OutlookNet Employment Outlook

    Peru joined the survey in Q2 2006.

    50

    40

    30

    20

    10

    0

    -10

    -20

    2003 2004 2005 2006

    Net Employment OutlookNet Employment Outlook

    Mexico

    Peru

    50

    40

    30

    20

    10

    0

    -10

    -20

    2003 2004 2005 2006

    Net Employment OutlookNet Employment OutlookSeasonally Adjusted OutlookSeasonally Adjusted Outlook

    USA

    International Comparisons AmericasOver 21,000 interviews have been conducted across

    Canada, Mexico, Peru and the United States tomeasure employment prospects for Quarter 2 2006.

    Across the region, Net Employment Outlooks show

    employers in all four countries anticipate strong hiring

    activity during the next three months.

    Seasonally adjusted data for the United States paints a

    picture of stability, with the same steady hiring pace seen

    throughout 2005 and the first quarter of 2006, continuing

    in the second quarter. Employer hiring plans in Canada

    have improved slightly from both Quarter 1 and last year.

    Strong hiring expectations are also found in Mexico,

    where the outlook is similar to last year at this time.

    Employers in Peru joined the survey this quarter with a

    particularly optimistic Net Employment Outlook.

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    Manpower Employment Outlook Survey United States

    50

    40

    30

    20

    10

    0

    -10

    -20

    2003 2004 2005 2006

    Net Employment OutlookNet Employment Outlook

    50

    40

    30

    20

    10

    0

    -10

    -20

    2003 2004 2005 2006

    Net Employment OutlookNet Employment Outlook

    China joined the survey in Q2 2005.

    50

    40

    30

    20

    10

    0

    -10

    -20

    2003 2004 2005 2006

    Net Employment OutlookNet Employment Outlook

    50

    40

    30

    20

    10

    0

    -10

    -20

    2003 2004 2005 2006

    Net Employment OutlookNet Employment Outlook

    India joined the survey in Q3 2005.

    Australia China

    Hong Kong India

    International Comparisons Asia PacificNearly 15,000 interviews have been conducted across

    Asia Pacific to measure anticipated employment trendsbetween April and June 2006. Employment prospects

    are positive across all countries surveyed in Asia Pacific,

    with Outlooks improving from the first quarter across

    all countries surveyed, except in Australia where the

    forecast remains the same.

    Japanese employers are reporting the strongest hiring

    expectations in the region and among the 24 countries

    and territories surveyed internationally. The second

    quarter is Japans peak hiring season. Hiring activity is

    also expected to be robust in India and Taiwan.

    Meanwhile, employers in Singapore predict solid hiring

    activity but continue to be the least optimistic in Asia

    Pacific. Employers in China, Taiwan, New Zealand and

    Australia expect reduced hiring activity for the second

    quarter of 2006 when compared to last year at this time.

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    Japan

    50

    40

    30

    20

    10

    0

    -10

    -20

    2003 2004 2005 2006

    Net Employment OutlookNet Employment Outlook

    50

    40

    30

    20

    10

    0

    -10

    -20

    2003 2004 2005 2006

    Net Employment OutlookNet Employment Outlook

    New Zealand joined the survey in Q2 2004.

    50

    40

    30

    20

    10

    0

    -10

    -20

    2003 2004 2005 2006

    Net Employment OutlookNet Employment Outlook

    No bar indicates Net Employment Outlook of zero.

    50

    40

    30

    20

    10

    0

    -10

    -20

    2003 2004 2005 2006

    Net Employment OutlookNet Employment Outlook

    Taiwan joined the survey in Q2 2005.

    New Zealand

    Singapore Taiwan

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    Manpower Employment Outlook Survey United States

    50

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    2003 2004 2005 2006

    Net Employment OutlookNet Employment Outlook

    No bar indicates Net Employment Outlook of zero.

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    Net Employment OutlookNet Employment Outlook

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    Net Employment OutlookNet Employment Outlook

    No bar indicates Net Employment Outlook of zero.

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    Net Employment OutlookNet Employment Outlook

    Austria Belgium

    France Germany

    International Comparisons EuropeOver 11,000 interviews have been conducted across

    12 European countries to measure anticipatedemployment trends for the second quarter of 2006.

    Hiring activity throughout Europe remains cautiously

    optimistic, with many employers predicting an increase

    in hiring intentions from first quarter and last year at this

    time. On a year-over-year basis, the Net Employment

    Outlooks across Europe have improved in seven of the

    12 countries surveyed. When compared to first quarter,

    hiring expectations have improved in 10 countries.

    In addition, employers in four countries reported their

    most optimistic hiring plans to date: Germany,

    Netherlands, Spain and Switzerland.

    Across the region, employment expectations are

    strongest in Spain, Norway, Sweden and Ireland. Italianemployers again reported the least optimistic and only

    negative employment prospects. German employers

    have reversed their trend for negative expectations and

    reported a positive Outlook for only the second time since

    the survey began in the country in Quarter 3 2003. When

    seasonal variations are taken into account, employment

    prospects in the UK are slightly reduced from the first

    three months of 2006 and last year at this time.

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    Ireland Italy

    Netherlands Norway

    Spain Sweden

    Switzerland UK

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    Net Employment OutlookNet Employment Outlook

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    Net Employment OutlookNet Employment Outlook

    No bar indicates Net Employment Outlook of zero.

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    Net Employment OutlookNet Employment Outlook

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    Net Employment OutlookNet Employment Outlook

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    Net Employment OutlookNet Employment Outlook

    Switzerland joined the survey in Q3 2005.

    No bar indicates Net Employment Outlook of zero.

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    2003 2004 2005 2006

    Net Employment OutlookNet Employment OutlookSeasonally Adjusted OutlookSeasonally Adjusted Outlook

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    Manpower Employment Outlook Survey United States

    About the SurveyThe Manpower 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. The survey has been running for more than40 years and is one of the most trusted surveys of

    employment activity in the world. Various factors underpin the

    success of the Manpower Employment Outlook Survey:

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

    of focus.

    Projective:The Manpower 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.

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

    Independent:The survey is conducted with a representative

    sample of employers from throughout the countries in which it

    is conducted. The survey participants are not derived from

    Manpowers customer base.

    Robust:The survey is based on interviews with more than

    47,000 public and private employers across 24 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.

    MethodologyThe Manpower Employment Outlook Survey is conducted

    using a validated methodology, in accordance with the highest

    standards in market research. The research team for the 24

    countries and territories where the survey is currently

    conducted includes Manpowers Market Intelligence team; the

    Organization Research and Analysis Division of Right

    Management Consultants an independent operating division

    of Manpower Inc.; NOP World, Grupo IDM and DATUM

    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 +/- 4.1%.

    In the United States, the national survey is conducted by

    Manpowers North American Market Intelligence Team and

    includes 16,000 employers. With this number of interviews,

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

    Survey QuestionAll 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

    June 2006 as compared to the current quarter?

    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 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 for Canada,

    United Kingdom and the United States to provide additional

    insight into the survey data. These adjustments make it

    possible to review the data without the employment fluctuations

    that normally occur at the same time each year, thus providing

    a clearer picture of the data over time. Manpower intends to

    add seasonal adjustments to the data for other countries inthe future, as more historical data is compiled.

    History of the Survey1962 1st generation of the Manpower Employment Outlook

    Survey launched in the United States and Canada.

    1966 Manpowers UK operation launches the equivalent of

    the United States survey, naming the report the Quarterly

    Survey of Employment Prospects. The survey adopts

    the same forward-looking research format as the United

    States survey 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 with

    advancements in the field of market research.

    2002 Manpower UKs Quarterly Survey of Employment

    Prospects is updated to adopt an enhanced research

    methodology. Manpowers operations in Mexico and

    Ireland launch the survey in their respective countries.

    2003 3rd generation of the Manpower Employment Outlook

    Survey is launched, expanding the program to a total

    18 countries 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 the

    Manpower Employment Outlook Survey.

    2005 Manpower operations in China, India, Switzerland and

    Taiwan launch the Manpower Employment Outlook

    Survey.

    2006 Manpower operations in Peru join the survey program.

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    About Manpower Inc.Manpower Inc. (NYSE: MAN) is a world leader in the

    employment services industry; creating and delivering services

    that enable its clients to win in the changing world of work.

    The $16 billion company offers employers a range of servicesfor the entire employment and business cycle including

    permanent, temporary and contract recruitment; employee

    assessment and selection; training; outplacement;

    outsourcing and consulting. Manpowers worldwide network

    of 4,400 offices in 72 countries and territories enables the

    company to meet the needs of its 400,000 customers per year,

    including small and medium size enterprises in all industry

    sectors, as well as the worlds largest multinational corporations.

    The focus of Manpowers work is on raising productivity

    through improved quality, efficiency and cost-reduction across

    their total workforce, enabling clients to concentrate on their

    core business activities. Manpower Inc. operates under fivebrands: Manpower, Manpower Professional, Elan, Jefferson

    Wells and Right Management. More information on Manpower

    Inc. is available at www.manpower.com.

    About Manpower USAIn the United States, Manpower offers businesses a range

    of HR services, in addition to providing administrative,

    industrial and contact center personnel. Under the

    Manpower Professional brand, the company placescontract professionals on assignment in areas such as

    information technology, scientific, f inance, engineering and

    telecommunications. More information about Manpowers

    US operation can be found at www.us.manpower.com.

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    Manpower Inc., 5301 N. Ironwood Rd., Milwaukee, WI 53217

    Tel: 414 961 1000

    www.us.manpower.com