Growing Optimism Propels Broad-Based Job Recovery - Kelly Services Advance Comment on Unemployment Rate Announcement
05 Mai 2004 - 8:46PM
PR Newswire (US)
Growing Optimism Propels Broad-Based Job Recovery - Kelly Services
Advance Comment on Unemployment Rate Announcement TROY, Mich., May
5 /PRNewswire-FirstCall/ -- The following commentary by Terence
Adderley, chairman and chief executive officer, and Carl Camden,
president of global staffing company Kelly Services, Inc., is
offered in advance of the April unemployment rate announcement due
Friday from the U.S. Department of Labor. In March, the
unemployment rate rose to 5.7 percent, and the economy gained a
reported 308,000 jobs. (Logo:
http://www.newscom.com/cgi-bin/prnh/19991208/KELLYLOGO ) "This
economic recovery is now creating hundreds of thousands of jobs,
and temporary staffing is producing a significant number of those
jobs," said Adderley. "In fact, temporary employment has been
growing, on a year-over- year basis, since April 2003. Our 15
percent sales growth in the first quarter was Kelly's strongest
quarterly growth since 1997. This improvement has been seen across
virtually every business line and geography," he said. Camden noted
broad-based improvement in hiring building from the first quarter.
"We can expect sizable gains in job creation in the coming months,"
he said. "However, specific predictions on job creation are
becoming an increasingly imprecise exercise. Government employment
reports over the last several months have shown considerable
volatility, with frequent and significant revisions to previous
months' job data. What remains clear is the upward trend in job
creation over recent months, providing a more meaningful view of
the direction of employment than any single month's data. At street
level, we are seeing strong temporary hiring across the country in
all employment disciplines and extending to permanent jobs. Caution
has given way to optimism, and the doors to hiring offices are
opening wider," Camden said. About Kelly Services Kelly Services,
Inc. (NASDAQ:KELYANASDAQ:KELYB) is a Fortune 500 company
headquartered in Troy, Mich., offering staffing solutions that
include temporary services, staff leasing, outsourcing, vendor
on-site and full-time placement. Kelly serves 200,000 customers
through 2,500 company owned and operated offices in 26 countries.
Kelly provides employment for nearly 700,000 employees annually,
with skills including office services, accounting, engineering,
information technology, law, science, marketing, light industrial,
education, health care and home care. Revenue in 2003 was $4.3
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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