Economic data

As of August 2010Reflective of the July 2010 National Jobs Report from the Bureau of Labor Statistics

Job gains return, unemployment holds steady…

0

-3

-6

-9%2 4 6 8 1210 14 16 20+

Months of job losses

Unemployment LinesCumulative job loss in selected recessions, as a percentage of total jobs

JOBS LOST IN JULY

UNEMPLOYMENT RATE

WORST UNEMPLOYMENT RATE SINCE

-131,000

9.5%

1983

0

-3

-6

-9%2 4 6 8 1210

Months of job losses

1945

1948-49

1953-54

Currentrecession

1981-82

1973-752001

18

July’s unemployment rate held at 9.5%

9

9.2

9.4

9.6

9.8

10

10.2

Jul-09 Aug-09 Sep-09

Oct-09 Nov-09 Dec-09

Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10

Change in non-farm payrolls for July 2010

-400

-300

-200

-100

0

100

200

300

400

500

July 2009- July 2010

A look back at past July employment performance…

Sector Changes for July

Const

ruct

ion

Man

ufa

cturi

ng

Leis

ure

& H

osp

italit

y

Reta

il

Legal

Acc

ou

nti

ng

Arc

hit

ect

ure

/Engin

eeri

ng

Fin

an

ce

IT/T

ech

nic

al

Healt

hca

re

Tem

pora

ry

-11

+36

+6 +6.7

-.8 0 +.8 -7.8

+5.8

+27

-5.6

In thousands

Although July featured a slight setback, the temporary sector is performing extremely well

-100

0

100

Jan-09

Feb-09

Mar-09

Apr-09

May-09

Jun-09

Jul-09

Aug-09

Sep-09

Oct-09

Nov-09

Dec-09

Jan-10

Feb-10

Mar-10

Apr-10

May-10

Jun-10

Jul-10

Education continues to be the job search differentiator…

9.5%

5.3%

8.2%

9.4%

14.7%

National average

College educated

Some college

High school diploma

Less than high school

14.3%

14.5%

11.6%

12.8%

10.5%

10.3%

9.5%

9.9%

10.6%

8.7%

9.3%

8.6%

9.3%

8.0%

8.8%

8.5%

7.9%

Detroit

Las Vegas

Los Angeles

Miami

San Francisco

Atlanta

New York

St. Louis

Chicago

Milwaukee

Cleveland

Seattle

Philadelphia

Boston

Houston

Dallas

Baltimore

Regional unemployment snapshot…

The July jobs report contained a mixed bag of insights…

Opportunities:

• Although there was a slight decline in temporary sector employment, Adecco Group has seen a continued increase in client demand for temporary positions across all business units.

• The manufacturing and healthcare sectors continue to show month over month growth – this is good news, particularly for manufacturing, which was a lagging sector.

Weaknesses:

• Although the private sector added 71,000 jobs, the economy will need to add anywhere between 200-300,000 jobs each month to make a sizable impact on the economy.

• The end of hundreds of thousand 2010 Census positions has led to a number of individuals being unemployed once again.

In summary…