Sustained Moderate Job Growth Ahead - Kelly Services
05 Août 2004 - 6:30PM
PR Newswire (US)
Sustained Moderate Job Growth Ahead - Kelly Services Kelly Services
Advance Comment on Unemployment Rate Announcement TROY, Mich., Aug.
5 /PRNewswire-FirstCall/ -- The following commentary by Terence
Adderley, chairman and chief executive officer, and Carl Camden,
president and chief operating officer of global staffing company
Kelly Services, Inc., is offered in advance of the July
unemployment rate announcement due Friday from the U.S. Department
of Labor. In June, the unemployment rate remained at 5.6 percent,
and the economy gained a reported 112,000 jobs. (Logo:
http://www.newscom.com/cgi-bin/prnh/19991208/KELLYLOGO ) "Although
the economy is recovering nicely, it is not as robust as some past
recoveries have been," said Adderley. "Across many industries,
including staffing, expectations are now being adjusted downward to
reflect a more modest economic recovery over the next few quarters.
Nevertheless, this is still a good, solid recovery. Job creation is
strong and earnings are improving. On the positive side, this may
result in a longer, more sustainable recovery," he said. Camden
believes the economy is settling into an extended period of
moderate job growth. "Demand for office and light industrial
staffing, which often is reflective of overall economic conditions,
continues to be strong," he said. "In addition, conversions from
temporary to permanent jobs also continue to rise, which augers
well for continued employment growth overall. Demand for all
credentialed professionals remains solid, led by the healthcare,
legal, engineering and scientific professions. Information
technology and telecom continue to be hot, along with our direct
recruitment business," Camden said. "Despite any occasional
softness we may see in one month's employment numbers, the bigger
picture shows good, steady job creation in the months ahead,"
Camden noted. "In fact, our economy is showing impressive
resilience amid the ongoing geopolitical uncertainty." 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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