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Research from Staffing Industry Analysts

May 18 2009

Here is the latest research from Staffing Industry Analysts.

UPDATED - Staffing Industry Report May 2009 issue
*List of largest U.S. staffing firms, updated from print edition
*Survey - About half of workers still believe temps must pay
*First-quarter earnings
*Survey - Locum tenens revenue up

INSIGHT - Allied health staffing growth update
*2009 projection to be lowered in next forecast update
*Signs of recent stabilization
*Rehab therapy and pharmacy - relative bright spots

INSIGHT - Clinical/Scientific staffing growth update
*2009 projection to be lowered in next forecast update
*Reduced demand in big pharma due to recent M&A activity
*Allegis (Aerotek) is largest provider in this segment based on 2008 revenue

INSIGHT - Commercial staffing growth update
*Commercial staffing sees accelerating downdraft
*Industrial remains in sharper decline than office/clerical
*But trends in key markets show signs of improvement

INSIGHT - Finance/Accounting staffing growth update
*2009 projection to be lowered in next forecast update
*Some signs of stabilization of demand, but at very low level
*1Q09 revenue contraction heavier than 20% y/y was the norm among F&A providers

INSIGHT - First-quarter financial results
*Revenue falls at 26 of 27 public staffing firms tracked
*13 firms reported net losses
*Some say revenue declines are stabilizing

INSIGHT - Legal staffing growth update
*2009 projection to be lowered in next forecast update
*Tepid signs of stabilization of demand
*Bankruptcy and foreign language document review are bright spots

INSIGHT - Nurse staffing growth update
*2009 projection to be lowered in next forecast update
*Signs of stabilization in orders since March
*Project heavier than 30% y/y revenue contraction in 2Q09 in nurse for AMN,CCRN,ASGN

INSIGHT - Information technology staffing growth update
*Median IT public staffing firm sees revenue down 12.9% in 1Q09 y/y
*As projects end, some buyers don't renew business
*Slight improvement expected in 2Q09

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