Friday, July 24, 2009

Manpower 3Q Employment Outlook Survey

Manpower has their employment outlook survey up for the 3rd Quarter.

- Some strengths at a mostly low destiny workforce.
- Still a large number of industrial nations facing challenging workforce hires going forward.
- In addition to problems associated with that tepid hiring and continued weak consumer demand it is hard to be overly bullish on employment in general.

Most of the charts show that expectations of growth has not resumed to growth for most nations besides India, Taiwan and Singapore.

There will continue to be a push for more stimulus for the worldwide economies. However, during the last down turn there was a four year period before "full employment" resumed. I still find it hard to believe that all the toxic assets and moderating consumer spending, and corporate credit has returned to normalise. Especially, when terms of loans have been fairly brutal such as the recent terms with CIT.


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