Job Outlook Brightens as Companies Turn Optimistic - Kelly Services Advance Comment on Unemployment Rate Announcement
05 Novembre 2003 - 4:22PM
PR Newswire (US)
Job Outlook Brightens as Companies Turn Optimistic - Kelly Services
Advance Comment on Unemployment Rate Announcement The following
commentary by Terry Adderley, chairman and chief executive officer,
and Carl Camden, president of global staffing company Kelly
Services, Inc., is offered in advance of the October unemployment
rate announcement due Friday from the U.S. Department of Labor. The
September unemployment rate was unchanged at 6.1 percent, and the
economy gained a reported 57,000 jobs that month. (Photo:
http://www.newscom.com/cgi-bin/prnh/19991208/KELLYLOGO ) "We
believe that the economic recovery is real and sustainable," said
Adderley. "This belief is based on the coming together of three
factors: the strengthening of both the U.S. economy and
international economies, and real growth in our own business. The
staffing industry has been a good concurrent indicator of economic
growth. For Kelly in particular, after nearly three quarters of low
growth, the demand for temporary staffing in the United States has
begun to significantly improve alongside the general labor market.
The economic recovery in the U.S. is building momentum. Economic
and employment conditions outside the U.S. have also been
improving. Our staffing numbers have improved in the majority of
the countries in which we operate," said Adderley. Camden said that
while many Kelly customers appear to be exercising some caution in
their staffing decisions, "they have turned more positive in their
outlook. We believe this optimism will translate into stronger,
more sustainable growth in temporary assignments. We are seeing
early signs of improving job markets. The holiday hiring period now
underway will serve as a key gauge of whether the job market can
maintain or build on this early momentum and bury any lingering
uncertainty," said Camden. Adderley added, "While we think this
recovery is for real, there are no guarantees that the declines we
experienced this year as the economy stalled are completely behind
us. We continue to believe that the U.S. and global recoveries are
fragile." Camden noted that Kelly continues to see strong demand
for workers in health care, finance and education, while technology
jobs continue to rebound from their deep lows. "In other
occupations, there are still more candidates than jobs. The
unemployment rate may actually rise during the early stages of
job-creation, as the amount of available jobs will lag the number
of newly encouraged people reentering the job market. In fact,
large-scale layoffs and cutbacks persist in corporate America."
Carl Camden is available for media interviews through the contact
information below. About Kelly Services Kelly Services, Inc.
(NASDAQ:KELYANASDAQ:KELYB) is a Fortune 500 company headquartered
in Troy, Mich., offering human resources solutions that include
temporary services, staff leasing, outsourcing, vendor on-site and
full-time placement. With more than 2,400 company owned and
operated offices in 26 countries, Kelly provides to its customers
nearly 700,000 employees annually, with skills including office
services, accounting, engineering, information technology, law,
science, marketing, light industrial, education and health care.
Sales in 2002 were $4.1 billion. Visit
http://www.kellyservices.com/ .
http://www.newscom.com/cgi-bin/prnh/19991208/KELLYLOGO DATASOURCE:
Kelly Services, Inc. CONTACT: Bob Doetsch of Kelly Services,
+1-248-244-5362 Web site: http://www.kellyservices.com/
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