Manpower Employment Outlook SurveyQ4 2016

Monday, May 1, 2023

Manpower Employment Outlook Survey – Q4 2016

ManpowerGroup Monday, May 1, 2023 2

MEOS Q4 2016 Summary

• At the national level, no news is the big news: the NEO stays on +5 – 9 in 10 are planning to hold headcounts flat

• But there are signs all is not well beneath the surface: Key sectors like business and finance services, utilities and construction are all down four points on the quarter

• Trouble in the City: Business and finance services (+5) is at its lowest level in over four years. Within that, the finance subcategory is at 0, a seven point quarterly fall

• Public sector sentiment in the red: Hiring intentions in the public sector have dropped five points, from +1 last quarter to -4 today –its lowest level in four years

• More positively, retail, wholesale and hospitality has bounced back: It’s risen from +3 to +6 this quarter, backed up by positive consumer spending data.

Manpower Employment Outlook Survey – Q4 2016

ManpowerGroup Monday, May 1, 2023 3

2009 2010 2011 2012 2013

2014 2015

Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4

-8

-6

-4

-2

0

2

4

6

8

-1

-3

-6-5

-1

1 1 1 12 2

3

10

2 23

6 65

7

5

7 7 76 6 6

5

76

5 5

2016

MEOS: Since 4Q 2008

Manpower Employment Outlook Survey – Q4 2016

ManpowerGroup Monday, May 1, 2023 4

Size of company breakdown

• Companies of all sizes have positive hiring intentions• Small businesses down 3 points• Micro businesses remain least optimistic

Large

Medium

Small

Micro

National

11

12

11

1

5

11

12

8

1

5Q4 '16 Q3 '16 n/c

n/c

-3

n/c

n/c

QoQ change

Manpower Employment Outlook Survey – Q4 2016

ManpowerGroup Monday, May 1, 2023 5

Industry sector breakdown

-1

3

3

7

6

-3

9

6

9

5

7

2

6

3

4

0

5

4

5

5

Q4 '16Q3 '16

QoQ change

National

Utilities

Manufacturing

Finance & Business Services

Mining & Quarrying

Transport, Storage and Communications

Construction

Wholesale, Retail, Restaurants & Hotels

Public & Social

Agriculture, Forestry & Fishing

n/c

-4

-2

-4

+3

-2

-4

+3

-1

+8

Manpower Employment Outlook Survey – Q4 2016

ManpowerGroup Monday, May 1, 2023 6

Public/private sector breakdown

• Private sector hiring remains firm• Public sector plummeted

2

6

1

5

-1

6

-4

5

Q4 '16Q3 '16

n/c

-5

n/c

-3

QoQ change

*Data not seasonally adjusted

National

Public

Private

Not For Profit*

Manpower Employment Outlook Survey – Q4 2016

ManpowerGroup Monday, May 1, 2023 7

Regions and nations breakdown

2

4

9

1

1

10

7

2

8

9

5

11

5

0

-2

5

-2

3

4

8

3

7

9

6

5

5

Q4 '16

QoQ change

National

West Midlands

North West

East Midlands

East

South East

London

Wales

South West

Yorkshire & the Humber

North East

Northern Ireland

Scotland

n/c

-6

+1

n/c

-1

+1

+1

-6

+2

-3

-4

-6

-2

Manpower Employment Outlook Survey – Q4 2016

ManpowerGroup Monday, May 1, 2023 8

UK employment intention heat map: Q4 2016