Manpower Inc.

2006 4

Quarter Results

Now

Next

January 30, 2007

Exhibit 99.2

th

2

Manpower Inc. 2006 4

th

Quarter Results

Forward Looking Statement

This presentation includes forward-looking statements which are

subject to risks and uncertainties. Actual results might differ

materially from those projected in the forward-looking statements.

Forward-looking statements can be identified by words such as

“expect,”

“plan,”

“may,”

“will,”

and similar expressions.  Additional

information concerning factors that could cause actual results to

materially differ from those in the forward-looking statements is

contained in the Company’s Annual Report on Form 10-K dated

December 31, 2005, which information is incorporated herein by

reference, and such other factors as may be described from time to

time in the Company’s SEC filings.

3

Manpower Inc. 2006 4

th

Quarter Results

Consolidated Financial Highlights

Operating Profit

$170M

OP Margin

3.6%

9% CC

Revenue

$4.7B

Gross Margin

18.4%

EPS

from

Continuing

Operations

$1.15

16%

9% CC

3 bps

40 bps

15%

30%

22% CC

Q4 Highlights

Throughout this presentation, the difference between reported variances and Constant Currency

(CC) variances represents the impact of currency on our financial results. Constant Currency is

further explained on our Web site.

4

Manpower Inc. 2006 4

th

Quarter Results

Consolidated Gross Profit Margin Change

18.38%

18.35%

16%

17%

18%

19%

Q4 2005

2005 France

Payroll Tax

Audit

Settlement

Temporary

Recruitment

Permanent

Recruitment

Mix - Specialty

Q4 2006

- 0.32%

+ 0.29%

- 0.45%

+ 0.51%

5

Manpower Inc. 2006 4

th

Quarter Results

United States Segment

Q4 Financial Highlights

1%

OUP Margin

5.1%

80 bps

Revenue

$528M

OUP

$27M

15%

Operating

Unit

Profit

(OUP)

is

the

measure

that

we

use

to

evaluate

segment

performance.

OUP

is

equal

to

segment

revenues

less

direct

costs

and

branch

and

national

headquarters

operating

costs.

6

Manpower Inc. 2006 4

th

Quarter Results

France Segment

Q4 Financial Highlights

OUP Margin

3.9%

Revenue

$1.6B

OUP

$61M

17%

8% CC

40 bps

28%

18% CC

7

Manpower Inc. 2006 4

th

Quarter Results

EMEA Segment

Q4 Financial Highlights

OUP Margin

4.5%

Revenue

$1.8B

OUP

$81M

24%

14% CC

90 bps

55%

44% CC

8

Manpower Inc. 2006 4

th

Quarter Results

EMEA –

Q4 Revenue Growth YoY

Revenue Growth -

CC

Revenue Growth

% of Segment

Revenue

18%

16%

14%

13%

8%

7%

7%

17%

29%

24%

40%

20%

28%

31%

34%

24%

-1%

21%

16%

11%

29%

14%

20%

8%

Other

Spain

Netherlands

Germany

Elan

UK - Manpower

Nordics

Italy

9

Manpower Inc. 2006 4

th

Quarter Results

Jefferson Wells Segment

Q4 Financial Highlights

OUP Margin

7.4%

Revenue

$85M

OUP

$6M

280 bps

12%

41%

10

Manpower Inc. 2006 4

th

Quarter Results

Right Management Segment

Q4 Financial Highlights

OUP Margin

0.5%

Revenue

$99M

OUP

$0.4M

2%

2% CC

320 bps

88%

74% CC

11

Manpower Inc. 2006 4

th

Quarter Results

Other Operations Segment

Q4 Financial Highlights

OUP Margin

3.4%

Revenue

$618M

OUP

$21M

15%

15% CC

20 bps

10%

10% CC

12

Manpower Inc. 2006 4

th

Quarter Results

Other Operations –

Q4 Revenue Growth YoY

Revenue Growth -

CC

Revenue Growth

% of Segment

Revenue

35%

17%

14%

34%

30%

27%

2%

19%

8%

5%

7%

17%

Other

Australia/NZ

Mexico

Japan

13

Manpower Inc. 2006 4

th

Quarter Results

Financial Highlights

14

Manpower Inc. 2006 4

th

Quarter Results

Total Debt

Net Debt

Balance Sheet Highlights

416

370

280

135

842

902

735

823

0

250

500

750

1,000

2003

2004

2005

2006

Total Debt

($ in millions)

Total Debt to

Total Capitalization

39%

29%

26%

25%

0%

10%

20%

30%

40%

2003

2004

2005

2006

15

Manpower Inc. 2006 4

th

Quarter Results

* 3,972,600 shares in 2006 and 5,000,000 shares in 2005.

Proceeds

from

Sales

of

Businesses

Cash Flow Summary –

Full Year

2006

2005

Cash from Operations

359

269

Capital Expenditures

(80)

(78)

Free Cash Flow

279

191

Share Repurchases *

(236)

(218)

Change in Debt

2

19

Other

52

–

Change in Cash

233

(77)

($ in millions)

133

Proceeds from Equity Plans

54

28

(56)

Dividends Paid

(51)

(41)

16

Manpower Inc. 2006 4

th

Quarter Results

Up

20-22%

First Quarter Outlook

Revenue

U.S.

Flat/Down 2%

France

Up

15-17%

(Up 7-9% CC)

EMEA

(Up 13-15% CC)

Jefferson Wells

Right Management

Up 2-4%

(Up/Down 1% CC)

Other

Up 11-13%

(Up 11-13% CC)

Total

Up 13-15%

(Up 8-10% CC)

Gross Profit Margin

17.8 -

18.0%

Operating Profit Margin

2.0 –

2.2%

Tax Rate from Continuing Operations

36.5%

EPS from Continuing Operations

$0.57 -

$0.61

(Pos. $.04 Currency)

Down 4-6%

2006 4

th

Quarter Results

Now

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January 30, 2007

2006 4

th

Quarter Results

Questions?

Answers

January 30, 2007