Staffing - Commercial

Commercial staffing growth update

March 26, 2010

Industrial is the star of 2010, but what about 2020?
Margins under pressure, SUTA inherently a tax with bad timing
2010 revenue growth projection of 11%, forecast update will be released in April

Industrial segment improving, but some areas still slow

January 6, 2010

Pulse survey shows 'widespread improvement' month-over-month
Firms report that not all areas are seeing uptick
Low inventories may have spurred some activity

Staffing industry forecast: December update

December 8, 2009

Temporary help sector downgraded from 8% to 7% growth for 2010
Revision driven by downgrades in healthcare and clinical/scientific 
Overall staffing industry projections unchanged: 26% contraction in 2009, 5% growth in 2010

Commercial staffing growth update

November 17, 2009

Improvement most notable on industrial side
Key markets rapidly recovering
TrueBlue, Manpower guidance encouraging

Staffing industry forecast: September update

September 30, 2009

Project 5% growth in staffing industry revenue for 2010
Strong recovery expected in GDP but with continued high unemployment
Most bullish on industrial staffing with 15% growth projected for 2010

Temporary staffing bill rate trends

August 26, 2009

Industrial bill rates see notable decline
Technical/professional rates lowest since '07
Unemployment trends appear to be driver

Commercial staffing growth update

August 19, 2009

Revenue down 25% to 30% y/y in 2Q09
But monthly trends improving
TrueBlue reports higher skilled areas relatively strong

Largest U.S. Office/Clerical Temporary Staffing Firms

July 20, 2009

Fourteen companies make up 53% of market
Kelly Services, the largest, makes up 10% of market
Consolidation expected in 2009

Commercial staffing growth update

May 15, 2009

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

Commercial staffing growth update

May 12, 2008

Large commercial staffing firms see sharp decline in 1Q08
Revenue drop accelerates in March at industrial heavyweight TrueBlue
But Manpower says situation "not getting any worse"