Growth, Market Sizes and Forecast

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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


October 3, 2008

Temp jobs off 24,000
Weak job generation spreading
College-level unemployment eases back to 2.5%
Key staffing markets on negative trend

Staffing Industry Stock Index analysis

October 1, 2008

SISI falls 7.1% in September; 19 firms down, 2 up
Global turmoil from financial services permeates the broader economy
Cross Country Healthcare is biggest boost to SISI, Manpower is biggest drag

Healthcare staffing sub-segment forecast: September update

September 30, 2008

2009 forecast reduced across all four sub-segments
Internal float pools reduce per diem nursing demand
Lower reimbursement rates affect radiology specialty of locum

Wall Street woes may touch staffing

September 18, 2008

Financial services is big staffing customer
Mayor - Lehman Brothers may keep most New York workers
Search firm says it's seeing more resumes

Economic indicators update

September 5, 2008

ECRI weekly leading index contracts
Manufacturing and nonmanufacturing indices running flat
Four-week jobless claims up 11.5% from July

Staffing Industry Stock Index analysis

September 3, 2008

SISI gains 1.9%; 16 firms up, 4 down
Cheaper oil boosts broader market
CDI, TrueBlue see big gains

Survey of Professional Forecasters

August 13, 2008

Real GDP growth projected: 3Q08 to be 1.2%, 4Q08 to be 0.7%
Unemployment to reach 6.0%
U.S. economy to start adding jobs again in 2Q09