Manpower Inc.

2007 2

nd

Quarter Results

New Face

New Place

July 19, 2007

Exhibit 99.2

2

Manpower Inc. 2007 2

nd

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, 2006, 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. 2007 2

nd

Quarter Results

Consolidated Financial 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.

97% CC

Operating Profit

$277M

OP Margin

5.5%

Revenue

$5.0B

Gross Margin

20.3%

EPS

from

Continuing

Operations

$1.86

15%

9% CC

249 bps

240 bps

107%

101%

89% CC

Q2 Highlights

4

Manpower Inc. 2007 2

nd

Quarter Results

20.34%

17.85%

15%

17%

19%

21%

Q2 2006

France -

Retroactive

Impact of

Payroll Tax

Change

France -

Q2

Impact of

Payroll Tax

Change

Temporary

Recruitment

Permanent

Recruitment

Mix -

Specialty

Q2 2007

-

0.32%

+ 0.24%

+ 1.80%

+ 0.37%

+ 0.40%

Consolidated Gross Profit Margin Change

5

Manpower Inc. 2007 2

nd

Quarter Results

United States Segment

(10% of Revenue)

Q2 Financial Highlights

9%

OUP Margin

5.3%

110 bps

Revenue

$489M

OUP

$26M

16%

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. 2007 2

nd

Quarter Results

France Segment

(35% of Revenue)

Q2 Financial Highlights

OUP Margin

9.2%

Revenue

$1.8B

OUP

$164M

16%

8% CC

600 bps

229%

209% CC

(1)

The cumulative impact of the change in the French payroll tax calculation is included above.  The

cumulative change has a $99M positive impact on OUP and a positive 560 bps impact on OUP margin.

(1)

(1)

7

Manpower Inc. 2007 2

nd

Quarter Results

Other EMEA Segment

(31% of Revenue)

Q2 Financial Highlights

OUP Margin

3.5%

Revenue

$1.6B

OUP

$56M

26%

17% CC

120 bps

89%

78% CC

8

Manpower Inc. 2007 2

nd

Quarter Results

36%

23%

39%

16%

8%

23%

27%

14%

31%

3%

15%

25%

32%

12%

Other

Spain

Netherlands

Germany

Elan

UK - Manpower

Nordics

Other EMEA –

Q2 Revenue Growth YoY

Revenue Growth -

CC

Revenue Growth

% of Segment

Revenue

21%

16%

15%

10%

9%

8%

21%

9

Manpower Inc. 2007 2

nd

Quarter Results

Italy Segment

(7% of Revenue)

Q2 Financial Highlights

OUP Margin

8.2%

Revenue

$354M

OUP

$29M

21%

13% CC

90 bps

37%

28% CC

10

Manpower Inc. 2007 2

nd

Quarter Results

Jefferson Wells Segment

(2% of Revenue)

Q2 Financial Highlights

OUP Margin

1.3%

Revenue

$84M

OUP

$1M

890 bps

15%

89%

11

Manpower Inc. 2007 2

nd

Quarter Results

Right Management Segment

(2% of Revenue)

Q2 Financial Highlights

OUP Margin

10.4%

Revenue

$106M

OUP

$11M

3%

0% CC

30 bps

0%

4% CC

12

Manpower Inc. 2007 2

nd

Quarter Results

Other Operations Segment

(13% of Revenue)

Q2 Financial Highlights

OUP Margin

2.4%

Revenue

$635M

OUP

$15M

13%

11% CC

20 bps

2%

2% CC

13

Manpower Inc. 2007 2

nd

Quarter Results

26%

21%

5%

2%

9%

8%

3%

14%

Other

Mexico

Australia/NZ

Japan

Other Operations –

Q2 Revenue Growth YoY

Revenue

Growth

-

CC

Revenue Growth

% of Segment

Revenue

34%

16%

15%

35%

14

Manpower Inc. 2007 2

nd

Quarter Results

Financial Highlights

15

Manpower Inc. 2007 2

nd

Quarter Results

$1.20

$1.86

$1.14

$0.70

$1.00

$1.30

$1.60

$1.90

Q2

Guidance

(mid-point)

Operational

Performance

Interest

and

Other

Expense

Tax

Rate

Currency

Q2 Before

of French

Impact

2006

Q1-07

Q2-07

Q2 2007

-

$0.05

+ $0.10

-

$0.01

+ $0.02

+ $0.45

+ $0.10

+ $0.11

Reconciliation of Reported EPS to Q2 Guidance

Impact of French Payroll

Tax Change

OUP in millions:

$66.7          $15.5           $17.1

(5¢

vs. 6¢)

Payroll Tax

Change

16

Manpower Inc. 2007 2

nd

Quarter Results

137

280

370

416

135

109

848

837

823

735

902

842

0

250

500

750

1,000

2003

2004

2005

2006

Q1 2007

Q2 2007

39%

29%

26%

25%

25%

24%

0%

10%

20%

30%

40%

2003

2004

2005

2006

Q1 2007

Q2 2007

Total Debt

Net Debt

Balance Sheet Highlights

Total Debt

($ in millions)

Total Debt to

Total Capitalization

17

Manpower Inc. 2007 2

nd

Quarter Results

* 1,214,800 shares in 2007 and 1,970,300 shares in 2006.

Proceeds from Sale of Business

Cash Flow Summary –

First Half

2007

2006

Cash from Operations

141

136

Capital Expenditures

(41)

(35)

Free Cash Flow

100

101

Share Repurchases *

(89)

(119)

Change in Debt

3

251

Other

(28)

30

Change in Cash

23

313

($ in millions)

-

Proceeds from Equity Plans

37

42

8

18

Manpower Inc. 2007 2

nd

Quarter Results

Third Quarter Outlook

Revenue

U.S.

Down 6-8%

France

Up

11-13%

(Up 4-6% CC)

Up

21-23%

Italy

(Up 13-15% CC)

Jefferson Wells

Right Management

Up 4-5%

(Up 1-2% CC)

Other

Up 12-14%

(Up 10-12% CC)

Total

Up 13-15%

(Up 7-9% CC)

Gross Profit Margin

18.1-18.3%

Operating Profit Margin

3.9 –

4.1%

Tax Rate from Continuing Operations

38.0%

EPS from Continuing Operations

$1.39-$1.43

(Pos.

$.08

Currency)

Down 7-9%

Other EMEA

(Up 16-18% CC)

Up

24-26%

Manpower Inc.

2007 2

nd

Quarter Results

Questions?

Answers

July 19, 2007