| March 9, 2010

Manpower Inc.: Payroll levels to increase slightly in Q2 2010

Jobless workers can look forward to further improvement in the employment market into the second quarter of 2010, as the latest Employment Outlook Survey from Manpower released Tuesday shows gains in most sectors.

Of the 13 industry sectors measured by the survey, only Government employers posted a negative outlook for the Q2 2010 in regard to their payrolls as they anticipated a 1 percent decline. Employers in the Leisure and Hospitality sector posted an expected increase of 17 percent for the quarter leading the way with the largest jump in their payrolls.

Additionally, 73 percent of employers expected to keep their existing workforce on payroll without layoffs, while overall hiring expectations were found to have increased year-over-year by 5 percent.

“U.S. hiring activity is still in neutral, but revving toward first gear,” said Jonas Prising, Manpower’s president of the Americas. “It’s moving in the right direction, but it will take some time, with no major speed bumps, before it can accelerate.”

The survey also found that 16 percent employers expected to increase staff levels during the quarter, while only 8 percent expected a decrease in staff.

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Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

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