Employers Take Just-in-Time Approach to New Hires - Kelly Services Advance Comment on Unemployment Rate Announcement
01 Septembre 2004 - 6:55PM
PR Newswire (US)
Employers Take Just-in-Time Approach to New Hires - Kelly Services
Advance Comment on Unemployment Rate Announcement TROY, Mich.,
Sept. 1 /PRNewswire-FirstCall/ -- The following commentary by Carl
Camden, president and chief operating officer of global staffing
company Kelly Services, Inc., is offered in advance of the August
unemployment rate announcement due Friday from the U.S. Department
of Labor. In July, the economy gained a reported 32,000 jobs, and
the unemployment rate dropped to 5.5 percent. (Photo:
http://www.newscom.com/cgi-bin/prnh/19991208/KELLYLOGO
http://www.newscom.com/cgi-bin/prnh/20031015/KELLY ) "While not as
flashy as past recoveries, job creation nonetheless continues on a
path of steady, moderate growth. The temporary employment sector
accounts for a good portion of the jobs being created, which
portends continuing stability for the employment picture overall.
The majority of the companies we support are adding staff, albeit
cautiously, to stay just ahead of demand. "The demand for
credentialed professionals has not wavered. Healthcare, legal,
engineering, technology and scientific professionals all remain
highly sought after. Other employment sectors are less robust. "The
anemic-appearing July employment numbers were not reflective of
what we were seeing taking place in the market, so we expect to see
upward revision to those numbers in this Friday's report. During an
economic recovery, any single month's job data can show volatility
in either direction, and subsequent government revisions to the
previous reports are now commonplace. Hurricane activity could now
skew the August numbers. We may have to wait until next month for a
clearer, unadulterated jobs report, but the trend shows sound job
creation ahead." About Kelly Services Kelly Services, Inc.
(NASDAQ:KELYANASDAQ:KELYB) is a Fortune 500 company headquartered
in Troy, Mich., offering staffing solutions that include temporary
staffing 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
http://www.newscom.com/cgi-bin/prnh/20031015/KELLY DATASOURCE:
Kelly Services, Inc. CONTACT: Bob Doetsch of Kelly Services,
+1-248-244-5362 Web site: http://www.kellyservices.com/
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