29 Months Later

Quick news release from the American Staffing Association.

"During the week of Sept. 20–26, 2010, temporary and contract employment rose 1.36%, pushing the ASA Staffing Index up to 100. The last time the weekly index hit 100 was during the week of May 12, 2008, meaning current employment in the staffing industry has returned to a level comparable to that of approximately 29 months ago—just before employment in the staffing industry contracted in response to the recession, which the National Bureau of Economic Research said began in December 2007.

With the index now at 100, U.S. staffing employment is approximately 25% higher than in the same weekly period last year.

The ASA Staffing Index at 100 serves as a milestone in observing staffing employment trends, much like 10,000 points in the Dow Jones Industrial Average stock index. The ASA Staffing Index was launched at 100 in June 2006. It grew beyond 100 most of the rest of that year and continued to grow in 2007, peaking at 110 several weeks in the fourth quarter of 2007, when the economy peaked, according NBER. With the economy in recession, the ASA Staffing Index hovered around 100 in the first few months of 2008, then began slipping moderately until September when it plunged sharply to 69 at the end of the year. Now having returned to the milestone of 100, the index indicates that staffing employment has returned to levels comparable to the early part of 2008—and reminiscent of the summer of 2006 when the staffing industry was growing."

USA Staffing Services:

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Another good sign for the industry!

As reported Friday by Staffing Industry Analysts:

"U.S. temporary help payrolls rose by 16,900 in September to approximately 2.1 million, according to seasonally adjusted numbers released today by the U.S. Bureau of Labor Statistics. In addition, August's change in temporary employment was revised up to a gain of 17,700 jobs from the initially reported gain of 16,800.

The temporary help penetration rate rose to 1.63% in September from 1.62% in August. Since its low in September 2009, temporary help has added approximately 404,200 jobs.

The employment services category added 28,200 jobs in September to reach employment of approximately 2.8 million. The employment services category includes temporary help services as well as employment placement agencies, executive search services and professional employer organizations."

USA Staffing Services:

To gain a competitive advantage, check out our Web site today!

http://www.usastaffingservices.com/

Unemployment goes up again

Staffing Industry Analysts reports:

U.S. initial claims for unemployment insurance rose by 37,000, or 8.7%, to 464,000 in the week ended July 17, according to seasonally adjusted numbers released today by the U.S. Department of Labor.

Jobless claims for the previous week, ended July 10, were revised down by 2,000 to 427,000.

The four-week moving average of claims for the week ended July 17 rose by 1,250, or 0.3%, from the previous week's revised average of 454,750.

USA Staffing Services:

So the moving average is up a sliver. Fair enough! :)

One thing should be clear: In this business landscape, EVERY advantage is a CRITICAL advantage. To gain a critical competitive advantage, check out our Web site today.

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Profits Double at RHI (with full transcript)

Zachs Equity Research reports via Yahoo Finance:

Robert Half International Inc., a leading global staffing and risk consulting services provider, has reported solid second quarter 2010 results.

Robert Half registered net income of $12.2 million or 8 cent a share in the quarter, compared with $5.4 million or 3 cents a share in the earlier year quarter.

During the quarter, Robert Half’s total revenue advanced 2.5% to $769.1 million, compared with $749.9 million in year-ago period. The company projects revenues of $770 million−$820 million for the third quarter 2010.

Operating income jumped to $22.3 million in the quarter from $10.0 million in second quarter of 2009.

Companies that had rightsized their workforce during the recession have started recruiting again due to the revival of the economy, which benefits Robert Half.

USA Staffing Services:
Could be another good sign in terms of the general direction we are heading.

You can check out the full transcript of the conference call at Seeking Alpha.

To gain a competitive advantage over these huge staffing providers and to increase (or at least improve) your client services, check out our Web site today.

http://www.usastaffingservices.com/

Manpower Second Quarter Numbers Up

Manpower says 2Q profit nearly doubles, no slowing
Manpower reports 2Q profit nearly doubles on acquisition, global hiring trends, no slowdown

MILWAUKEE (AP) -- Staffing company Manpower Inc. said Wednesday that its second-quarter net income nearly doubled, helped by the effects of an acquisition and improvement in global employment markets.

Manpower, which does much of its business outside of the United States, said countries such as Germany, Sweden, the United Kingdom, Mexico and France and Italy all had extremely strong revenue growth throughout the quarter. It also saw revenue growth in the United States despite a difficult job market.

"We have not felt any slowdown as we enter the third quarter," said Jeffrey Joerres, Manpower's chairman and CEO.

The company said the second quarter also included the impact of its acquisition of Comsys, a company that provides temporary employees for information technology jobs. That deal closed April 5.

The company reported net income of $32.7 million, or 40 cents per share, up from $16.3 million, or 21 cents per share, a year ago. Revenue rose 21 percent to $4.59 billion from $3.79 billion, including a 5 percent bump from Comsys.

The results beat the average estimate of analysts polled by Thomson Reuters, who expected earnings of 22 cents per share on revenue of $4.41 billion.

For the third quarter, Manpower expects earnings to range between 41 cents to 51 cents per share, an estimate that includes an unfavorable currency impact of 4 cents per share.

Analyst foresee 41 cents per share of earnings, on average.

Manpower shares traded up $1.54, or 3.3 percent, to $47.98 in morning trading.

USA Staffing Services:

But does Manpower supply better candidates than your recruiting firm? To successfully compete for your share of this growing market, check out our Web site today.

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