New South Wale's Hiring Confidence Declines To Lowest Levels In 24 Months. 1

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4th June 2008, 02:03am - Views: 693





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Media Release


Manpower, Level 22, Darling Park 2, 201 Sussex Street Sydney. NSW Australia 2000






Manpower Employment Outlook Survey


Under embargo until 0:01, 10th June 2008 Local Time  


New South Wale’s hiring confidence declines to

lowest levels in 24 months.



The Manpower Employment Outlook Survey released today, indicates the

employment prospects for job seekers in New South Wales may well be softer than

they have been for the past two years as business leaders intend to hire less new

staff. 


The survey, which was part of a broader survey of 2,658 employers across Australia,

revealed that the majority of employers in New South Wales are intending to hold the

line on their staff levels for the next quarter. The levels of demand are considerably

lower than the past 24 months, and in fact have dropped back to the same low levels

reported at the end of 2005.



The New South Wales employment market shows a considerable softening in hiring

intention in the July – September quarter of 2008, with a Net Employment Outlook of

+15% compared to +31% in the last quarter, a decline of 16 percentage points.


According to Stephen Hinch, General Manager Marketing & Communications,

Manpower, Australia and New Zealand, “This considerable softening in intention to

hire new workers may not signal a slow down in net growth. The 16 point decline in

hiring intentions may well be indicating a decline in pent up demand that was created

by internal mobility together with shortages”.


“This softer but continuing demand must still be balanced against the tight labour

supply that exists across Australia as the skills shortage is creating real structural

changes to the workforce already. Business leaders must continue to rethink their

strategies not only to attract but more importantly to retain the right talent, as many

jobs are still being filled through the mobility of the labour market.” Hinch said. 


“There is a general softening in hiring confidence in all states, including Western

Australia and Queensland, however we are now moving into a period where we have

increasing numbers of skilled workers to replace each year as they retire making it

much more important for us all to take a longer term approach”. Hinch noted. 




-End-


For further information please contact



Stephen Hinch, Phone – 02 9263 8644, Mobile – 0488 495 270, shinch@manpower.com.au



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- Continued -

Manpower, Level 22, Darling Park 2, 201 Sussex Street Sydney. NSW Australia 2000


Manpower Fact Sheet


The next Manpower Employment Outlook Survey will be released on the 9th of September

2008 to report hiring expectations for the third quarter of 2008. The Manpower Employment

Outlook Survey is available free of charge to the public through their local Manpower

representative in participating countries. You can download a copy of the Australian report in



Note to Editors

Full survey results for each of the 32 countries and territories included in this quarter’s survey,

plus regional and global comparisons, can be found in the Manpower Press Room at

www.manpower.com/meos. In addition, all tables and graphs from the full report are available

to be downloaded for use in publication or broadcast from the Manpower website at



Note that in Quarter 2 of 2008, the survey adopted the TRAMO-SEATS model for seasonal

adjustment of data. As a result, you may notice some seasonally adjusted data points change

slightly from previous reports. This model is recommended by the Eurostat department of the

European Union and the European Central Bank and is widely used internationally.


About the Survey

The Manpower Employment Outlook Survey is conducted quarterly to measure employers’

intentions to increase or decrease the number of employees in their workforce during the next

quarter. It is the most extensive forward-looking survey of its kind, unparalleled in its size,

scope, longevity and area of focus. The Survey has been running for more than 45 years and

is one of the most trusted surveys of employment activity in the world. The Manpower

Employment Outlook Survey is based on interviews with more than 55,000 public and private

employers worldwide and is considered a highly respected economic indicator.


The Manpower Employment Outlook Survey is currently available for 32 countries and

territories: Argentina, Australia, Austria, Belgium, Canada, China, Costa Rica, Czech

Republic, France, Germany, Greece, Guatemala, Hong Kong, India, Ireland, Italy, Japan,

Mexico, Netherlands, New Zealand, Norway, Peru, Poland, Romania, Singapore, Spain,

South Africa, Sweden, Switzerland, Taiwan, the United Kingdom and the United States. The

program began in the United States and Canada in 1962, and the United Kingdom was added

in 1966. Mexico and Ireland launched the survey in 2002, and 13 additional countries were

added to the program in 2003. New Zealand joined the program in 2004, China, India,

Switzerland and Taiwan were added in 2005, and Argentina, Peru, Costa Rica and South

Africa joined in 2006. The Czech Republic, Greece, Guatemala, Poland and Romania joined

in 2008. For more information, visit the Manpower Inc. website at www.manpower.com and

enter the Research Centre. 


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.

Celebrating its 60th anniversary in 2008, the $21 billion company offers employers a range of

services for the entire employment and business cycle including permanent, temporary and

contract recruitment; employee assessment and selection; training; outplacement;

outsourcing and consulting. Manpower's worldwide network of 4,500 offices in 80 countries

and territories enables the company to meet the needs of its 400,000 clients per year,

including small and medium size enterprises in all industry sectors, as well as the world's

largest multinational corporations. The focus of Manpower's 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 five

brands: Manpower, Manpower Professional, Elan, Jefferson Wells and Right Management.

More information on Manpower Inc. is available at www.manpower.com.






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