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U.S.Unemployment Rate Drops Slightly, As Hiring Inches Up

U.S.Unemployment Rate Drops Slightly, As Hiring Inches Up

ManpowerGroup Advocates For More Agile Work Models That Can Adjust To Fluctuating Hiring Plans

ManpowerGroup (NYSE: MAN), the world leader in innovative workforce solutions, says structuring more agile workforce models is needed in order for employers to make instant hiring decisions, as the U.S. Bureau of Labor Statistics today reported that the overall October unemployment rate fell to 9 percent, and 80,000 new jobs were created last month. The temporary help services industry has shown gains over the last three months — a boost to the economy and a solution to employers' immediate hiring needs.

"Demand is the primary driver of hiring going forward in this economy. When employers continue to experience a softening in demand for their products and services, and when they see uncertainty in the marketplace, they ease up on hiring," said Jonas Prising, ManpowerGroup President of the Americas. "The ongoing volatility in the marketplace builds uncertainty, which triggers immediate and inconsistent hiring reactions.  As a result, a flexible workforce plan that includes contingent workers is increasingly becoming a new normal for business success."

ManpowerGroup's 2011 Talent Shortage Survey found that 52 percent of U.S. companies are struggling to fill key jobs, the highest percentage in the six-year history of the survey. ManpowerGroup advises companies to think long-term because the talent mismatch will inevitably worsen as demand for products and services increases.

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