Growth, Market Sizes and Forecast

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Economic indicators update

December 8, 2008

ECRI index reaches new weekly low
Manufacturing and non-manufacturing indices both drop to record lows
4-week tally of unemployment claims tops last two recessions


December 5, 2008

Temp jobs down 78,000 in November
1% of nonfarm jobs lost in last 3 months
Unemployment jumps to 6.7%
Key staffing markets on negative trend

Staffing Industry Stock Index analysis

December 1, 2008

SISI falls 3.9% in November; 18 losers; 3 gainers
Median decrease of 14.2%
Month was kinder to larger companies

Survey of Professional Forecasters

November 17, 2008

Economists say U.S. in or near recession
Consensus is recession began in April
GDP to shrink in fourth and first quarters

Economic indicators update

November 9, 2008

Economic Cycle Research Institute's leading index reaches new weekly low
Manufacturing-sector of economy now in decline, with signs of acceleration
Level of unemployment claims enters recessionary territory


November 7, 2008

Temp jobs down 34,000 in October
524,000 nonfarm jobs lost in last 2 months
Unemployment jumps to 6.5%
Key staffing markets on negative trend

Staffing Industry Stock Index analysis

November 4, 2008

SISI falls 26.6% in October; No gainers; All firms down more than 14%
AMN, CDI, Gevity, MSN, TrueBlue all down more than 40%
Global economic downturn reduces demand in commercial and professional

Economic growth and temporary employment - How strong is the relationship?

October 24, 2008

Strong correlation of 0.84 between GDP and temporary employment growth
On average, temporary employment grows when GDP growth is above 1.7%, contracts when below 1.7%
Regression plotting temp. on y-axis and GDP on x-axis yields steep slope of 4.9

Economic indicators update

October 8, 2008

ECRI weekly reading lowest since 1973-75 recession
Service-sector economic activity drops
Jobless claims rise, fueled in part by hurricanes

Wall Street's turmoil touches funding for staffing

October 7, 2008

Credit crunch creeping up
Instances of staffing buyers asking for up to 90 days to pay
Some funding firms see more requests