Archived Articles

Commercial staffing growth update

November 21, 2008

Commercial staffing double-digit downdraft accelerates in 3Q
Office/clerical as expected, guidance affirmed: 8% 2009 decline projected
Industrial deteriorates, guidance to be lowered in coming forecast

Information technology staffing growth update

November 21, 2008

IT contracts y/y in low single digits in 3Q
Staffing executives optimistic: not a repeat of 2001
Staffing Industry Analysts affirms forecast -- 2008: 0%, 2009: -5%

Locum tenens staffing growth update

November 21, 2008

Strong growth in primary care, stronger growth in emergency medicine
Radiology weak due to lower reimbursement rates
We hold locum forecast at 14.5%

Engineering/design staffing growth update

November 21, 2008

Revenue growth decelerates to near standstill in 3Q
Key markets served by segments in sharp downdraft
But staffing executives not too negative

Allied health staffing growth update

November 20, 2008

Lower reimbursement rates continue to impact imaging, but impact varies among procedures
PT/OT and health information management continue to outperform total allied
We are holding 2008 and 2009 allied forecast at 7.0%

Healthcare staffing growth update

November 14, 2008

Spotty demand for nurse staffing, Florida weakest
-3.0% GDP growth projected for Q4, will test healthcare cyclicality
Sub-segment reports to be released over next few weeks

Third-quarter financial results

November 14, 2008

Tough economic conditions weigh on staffing firms
Revenue down by median 1.9% year over year
U.S. slowdown moves to parts of Europe

Staffing's hottest (and coldest metros): update

November 11, 2008

Best: Baltimore-Towson MD, Virginia Beach-Norfolk-Newport News VA-NC, Houston-Sugar Land-Baytown TX
Worst: Phoenix-Mesa-Scottsdale AZ, Detroit-Livonia MI, Wichita KS
43% of metros contracting at accelerating pace

Analysis of MPS Group 3Q08 earnings release

November 5, 2008

Organic worldwide revenue up 1.9%
Direct hire down 14% YOY, but some EU units and North AM IT doing ok
Company projects 9% to 12% 4Q drop, mostly due to currency effects

Analysis of Spherion 3Q08 earnings release

November 4, 2008

Revenue down 11.4% on organic basis
Commercial direct-hire plummets 45.5%; professional off 22.6%
Company abstains from 4Q08 guidance, citing limited visibility.