Labor Picture Is Clouded
By Sudeep Reddy
Companies Featured in This Article: Manpower, Kelly Services
Add another item to the economic worry list: Employers are shedding temporary workers.
Temporary employment, long a buffer that gives companies flexibility, has fallen each of the past six months, and in July was down nearly 2% from the start of the year, according to the Bureau of Labor Statistics. U.S. revenue at Manpower Inc., the world's second-largest staffing firm after Adecco Group, dropped almost 9% in the second quarter, as demand fell.
Revenue in Kelly Services Inc.'s North American commercial segment -- providing clerical and industrial workers -- dropped 6% in the quarter.
Companies Featured in This Article: Manpower, Kelly Services
Add another item to the economic worry list: Employers are shedding temporary workers.
Temporary employment, long a buffer that gives companies flexibility, has fallen each of the past six months, and in July was down nearly 2% from the start of the year, according to the Bureau of Labor Statistics. U.S. revenue at Manpower Inc., the world's second-largest staffing firm after Adecco Group, dropped almost 9% in the second quarter, as demand fell.
Revenue in Kelly Services Inc.'s North American commercial segment -- providing clerical and industrial workers -- dropped 6% in the quarter.
Labels: Kelly Services, Manpower, temporary work
0 Comments:
Post a Comment
<< Home