Manpower's Bullish Jobs Survey

[UpInArms]

http://www.thestreet.com/markets/economics/10148931.html

Consumers may have a dreary outlook on the job market, but a top employment company sees distinctly better times ahead.

Manpower's (MAN:NYSE - news - research) latest survey says the job market in the second quarter will be the best in 2 1/2 years.

The Milwaukee-based company Tuesday said its closely watched survey of 16,000 employers showed 28% of them plan to increase hiring in the next quarter. The vast majority, 62%, don't expect any change in hiring, while 6% expect a decrease in jobs.

"Based on the hiring intentions that were reported across a majority of the companies surveyed, it is clear that demand for their products and services has finally surpassed the capacity and productivity of the current workforce," the survey said.

...more...

just in case everyone thinks that I only post "bad news" - here's the good news! 28% say they might increase their hiring!!!

Forget that that is a small number and that the corresponding number (62%) are not looking to hire.

:mad: (because it's really damn lousy news)

[Archae]

1. Manpower is looking up...

Since they are doing really great, hiring out temps with crap wages and no benefits to greedhead companies. :mad:

[tridim]

2. Might be true

or they might be sexing up their projections to generate more business for themselves. I report, you decide.

[jus_the_facts]

3. MANPOWER?? MORE LIKE SLAVEPOWER.....

...I've been basically blackballed in my area by this company....in the early Clinton years I stupidly discussed politics with their receptionist who agreed with my views and she subsequently started a conversation with the puke manager of this local slavepower...she quit workin' for 'em and I was never sent on another job by them ever again...when I'd had glowing reports from every temp job I held with them....these fuckers are THE reason so many people get layed off and then they hire temps in the same companies....glad I didn't take that permanent position with STATE FARM INSURANCE since they're NOW pullin' out of our area and leaving 1200 people without a JOB!! :grr:

[keithyboy]

4. Better check who owns Manpower.

If 28% hired 10 people how many would that be? I get 44,800. I bet that is a generous number.

[gulliver]

5. Seems like a fairly useless survey

Here they are in December, 2003 predicting a good first quarter of 2004.

http://money.cnn.com/2003/12/12/pf/q_jobgrowth/

That didn't turn out so good.

Here is another from the previous September.

http://www.usatoday.com/money/economy/employment/2003-09-16-manpower_x.htm

This just seems like a spin source. They never seem to predict actual job growth numbers. They just report intentions.

It's fluff.

[ixion]

6. best in 2 1/2 years?

like that's hard to beat? the job situation has been garbage for the past 3 years...

[hatrack]

16. Let's see, 2.5 years ago would be . . . uh . . . oh gosh . . .

Of course! It would be the best since September, 2001!

Gosh, you get the picture of a job market just SURGING ahead when that's your yardstick, doncha?

[Zero Gravitas]

7. Let me guess...

their owner(s) are big * supporters? Am I right?

[napi21]

9. They only hire temp workers for very low wages, so......

who cares what they say?

Last reports I heard about the jobs that have been created in the last few years is that they ahve almost all been for much lower wages than the ones that were lost.

We have to keep beating that drum! It's not only job creation.....it's creation of decent jobs!!!!!!!!!!!!!!

[Yo_Mama_Been_Loggin]

15. Really

This reminds me of a story about Dan Quayle in the '92 election. Seems while on the campaign trail our idiot veep (I think George Sr nominated him because he reminded him of Jr) saw a help wanted ad at a local Burger King and tried to use it to hype up how the job market was improving.

The job market must be even worse under G DUHbya. Most Burger King's in my area (Seattle) have gone out of business.

[Cocoa]

8. the Bush boom

like all the other booms, it's only an imaginary one, but the whores will give him credit nonetheless.

Remember the whores asking all the dems during all those pre-Christmas numbers, "do you think any of you can beat Bush when the economy is doing so well?"

[Lindsay]

10. Bullish?

More like bullshit. Same story, different day. And I, for one, am getting mighty sick of that tune.

[swag]

11. John Challenger of Challenger, Grey and Christmas is a

much more reliable source on the jobs outlook. He is consistently ahead of the establishment survey in predicting (lack of) hiring trends. He is not terribly bullish at the moment, I assure you.

Neither, by the way, is the Federal Open Market Committee, which bemoaned a hiring lag in its latest interest rate statment.

It was a delight, by the way, to see Greenspan tell Congress that the establishment survey had harder/better data than the household survey. Wall Street cheerleaders at the Journal and in brokerage houses around the country have been claiming the opposite for a year. The question always was, "how can the unemployment rate keep going down when the economy isn't creating any jobs?"

Now we know. Because the Chairman told us.

[kori]

19. The payroll job survey

Is always more accurate than the household survey. In fact for years the household survey was not even talked about. It is now because it is the only place showing growth. All of a sudden its importance is increasing and as I have read over and over in the "new" economy it is the only accurate measure. We all know there are so many Ebay entrepreneurs that the payroll survey does not pick up. Abbey Hoffman was partly right, never trust anyone over 30 especially anyone quoting new statistical measures.

[Ruby Romaine]

12. MAJOR Republican Shill Alert!!! ! FEC Info

Contributions to Political Committees

JOERRES, JEFFREY
MEQUON, WI 53092

REPUBLICAN PARTY OF WISCONSIN
08/17/2000 500.00 20036004356

JOERRES, SARAH
MILWAUKEE, WI 53217
MANPOWER INC

DARROW, RUSS
VIA RUSS DARROW FOR SENATE INC
12/29/2003 2000.00 24020060188

http://www.fec.gov/finance_reports.html
-----
And Manpower has
Welfare to work gov't contracts
------
Washington - President Bush, advancing his welfare reform agenda Thursday, held a White House ceremony to salute people who left public assistance and business leaders who helped them.

Side by side with Bush in the East Room was Tommy G. Thompson, the Health and Human Services secretary who made a national name for himself as a welfare reformer while Wisconsin governor.

Business executives taking part included JEFFREY JOERRES, chairman and CEO of the Milwaukee-based Manpower Inc., who says his firm has helped find work for more than 10,000 former welfare recipients nationwide. He brought two such women to meet Bush to illustrate the firm's successes
http://www.jsonline.com/news/nat/apr02/36265.asp

[Sterling]

13. This BAD news.

It means the only real growth will be in low pay no beni jobs. Jobs that provided health care before now go through a temp agency and pay less than $10 per hour.

[aint_no_life_nowhere]

14. Like The WMD Issue, Bush Will Say It Was All About Jobs Programs

He didn't really say the economy would create 3 million jobs, just "jobs programs" (in other words, some executive will calendar a time in the future when he will approach the notion of setting aside time to formulate an agenda for the establishment of a timetable to start determining whether he would think about whether he might increase his staff).

[kori]

17. Funny how that came out today

I had a conversation just yesterday with an executive of a very large Insurance company. This friend of mine is a die hard Democrat. However, it sounds like most of the other executives are Bush supporters. While talking about the upcoming election my friend observed that he felt the job numbers would improve before election. The comment has been made a several times in their company that they need to help out the President and start adding some jobs. Those jobs may not be around after the election but they need to be talking and acting on job increases now. That depressed my friend, knowing that there are many board rooms around the country that may well be thinking the same. I wonder of that 28% was a talking point to help Bush too.

[moondust]

22. Good post.

Great insight. I expect they'll fabricate plenty of rosy jobs predictions, maybe hire some temps, pump up the stock market, etc, etc, until everything looks just wonderful by November. Produce OBL at any cost. Trot out Saddam a few times. Suppress bad news from Iraq. Life is but a dream...

Of course it's all a facade. In January it'll be back to the reality of the same old Republican depression. Plus the added bonus of a draft. IF...they can dupe enough voters.

Welcome to DU, kori!

[metisnation]

18. ever since

burger flippin became manufacturin did we get a big ol increase of folks that now have jobs. Come on...who is Manpower trying to kid?

[teryang]

20. The construction industry?

These jobs are mostly temporary contract work. When the contracts are finished the contractors lay off their workers and subcontractors. This is also seasonal.

[JoeMemphis]

21. Republicans Love Manpower

Low-wage slaves with no benefits and no rights at the workplace ... the GOP's ideal for a working American.