Overview of results from MEOS Q3 2013 The Manpower Employment Outlook Survey is based on responses from 2,101 UK employers. It asks whether employers intend to hire additional workers or reduce the size of their workforce in the coming economic quarter. It is the most comprehensive, forward-looking employment survey of its kind and is used as a key economic statistic by both the Bank of England and the UK government. The national Seasonally Adjusted Net Employment Outlook of +5% indicates sustained optimism in the UK jobs market, building on the first half of 2013 when the Outlook was +6%.

1. Manpower Employment
Outlook Survey Q3 2013
UK Headline Data

2. Manpower
MEOS Q3 2013 Summary
• The Manpower Employment Outlook Survey (MEOS) for the third quarter of
2013 is based on responses from 2,101 UK employers and asks whether
they intend to increase or reduce the size of their workforce in the coming
economic quarter
• The national Net Employment Outlook (NEO) has fallen marginally to +5%
from +6% over the last two quarters, but still remains firmly in positive territory
– This is equal with the mean quarterly Outlook over the last year – compared with a mean
quarterly Outlook of +1% in the 12 months prior
• In terms of the raw data, 9% of employers are looking to hire in Q3, with
3% looking to reduce head count and 82% to retain the same staffing levels
• Hiring intentions in London reach their highest level in five years and
now stand at +13%
• There are signs that Construction is digging its way out of trouble. The
sector rose to -4%, having been as low as -13% six months ago
• Finance and Business services hit a 15-month high to reach +14%.

3. Manpower
MEOS: The last five years
5
-1
-3
-6
-5
-1
1 1 1 1
2 2
3
1
0
2 2
4
6 6
5
-8
-6
-4
-2
0
2
4
6
8
Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
National NEO
2009 2010 2011 2012 20132008

4. Manpower
• Companies of all sizes show positive hiring intentions for Q3
• Medium companies (50 to 249 staff) are most optimistic once again, on +15%
• Medium sized firms are often considered the engines of employment growth
• Micro firms remain cautious – smaller workforce means less elastic workforce
and higher associated risks
Company size breakdown
12
15
10
1
6
13
15
8
2
5
Large
Mediu
m
Small
Micro
Nationa
l
3Q 2Q
-1
+1
-2
n/c
+1
QoQ change

5. Manpower
Sector breakdown
-9
-2
2
6
4
5
9
12
13
6
-4
-1
1
4
5
5
6
9
14
5
3Q 2Q
QoQ change
National
Finance & Business
Services
Transport & Comms
Utilities
Community & Social
Manufacturing
Mining
Hotels & Retail
Agriculture
Construction
-1
+1
-3
-3
0
+1
-2
-1
+1
+5

6. Manpower
• Hiring intentions are at the same level across Public and Private sectors: +6%
• Public sector hiring falls marginally from +7% to +6% QoQ
• Optimism among not-for-profits increases by nine percentage points, from
+4% to +13%
Public/Private sector breakdown*
4
7
6
6
13
6
6
5
Not for profit
Public sector
Private sector
National
3Q 2Q
-1
n/c
-1
+9
QoQ change
*Data not seasonally adjusted

7. Manpower
Public/Private sector breakdown*
2011 2012 2013
5
3
-2
3
5 5 5 6 6
-2
-2
-6
-6
0
0
-3
7
6
-8
-6
-4
-2
0
2
4
6
8
Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
Public sector
Private sector
*Data is not seasonally adjusted

8. Manpower
• London and the East - The most optimistic regions this quarter, with London recording
its highest level of optimism for more than five years. The capital is up 12 percentage
points year-on-year
• South East and South West - Levels of optimism in both regions fall from last quarter,
but the regions remain firmly in positive territory. The South East has an Outlook of
+6%, while the South West now stands at +9%
• East Midlands and West Midlands - Employers continue to be positive about hiring at
+5% and +8%, respectively
• North West and North East - Optimism increased four percentage points on the
quarter in the North West, with employers in the region predicting a return to marginally
positive territory in Q3. The North East is down one percentage point to -2%
• Yorkshire and Humberside - Rose two percentage points to +5%. The region is up
eight percentage points year-on-year
• Northern Ireland and Scotland - Look set to struggle: the Outlook in Northern Ireland
improves by four percentage points but this takes it only to a flat Outlook of 0%, while
Scotland’s Outlook dropped from +5% last quarter to +1% this time around
• Wales - The surprise package this quarter, jumping from +1% to +10%.
Regional summary

9. Manpower
Regional breakdown
-1
-4
5
-2
5
3
10
8
12
1
11
8
6
-2
0
1
2
5
5
6
8
9
10
13
13
5
QoQ change
Total
London
East
Wales
South West
West Midlands
South East
Yorks & Humb
East Midlands
North West
Scotland
N. Ireland
North East
-1
+5
+2
+9
-3
n/c
-4
+2
n/c
+4
-4
+4
-1

10. Manpower
UK employment intention heat map
+13
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