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Economic data As of October 2010 Reflective of the September 2010 National Jobs Report from the Bureau of Labor Statistics

Workplace Economy Slides October 2010 To Ad Ova

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Page 1: Workplace Economy Slides October 2010 To Ad Ova

Economic data

As of October 2010Reflective of the September 2010 National Jobs Report from the Bureau of Labor Statistics

Page 2: Workplace Economy Slides October 2010 To Ad Ova

Public sector jobs contribute to job loss while 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 SEPTEMBER

UNEMPLOYMENT RATE

WORST UNEMPLOYMENT RATE SINCE

-95,000

9.6%

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

Page 3: Workplace Economy Slides October 2010 To Ad Ova

Unemployment rate remains unchanged at 9.6%

Source: Labor Department

Page 4: Workplace Economy Slides October 2010 To Ad Ova

Change in non-farm payrolls for September 2010

Source: New York Times.com

Page 5: Workplace Economy Slides October 2010 To Ad Ova

Temporary job sector growth becomes more permanent

Page 6: Workplace Economy Slides October 2010 To Ad Ova

Continued private sector business gains are needed for growth

Page 7: Workplace Economy Slides October 2010 To Ad Ova

Job gains/losses by industry

In thousands

Con

stru

ctio

n

Man

ufac

turin

g

Leis

ure

& H

ospi

talit

y

Ret

ail

Lega

l

Acc

ount

ing

Arc

hite

ctur

e/E

ngin

eerin

g

Fina

nce

IT/T

echn

ical

Hea

lthca

re

Tem

pora

ry

-21 -6

+38

+5.7 +2.5 -7.6 -.6 -2.9 -.9

+32

+16.9

Page 8: Workplace Economy Slides October 2010 To Ad Ova

Education continues to be the job search differentiator…

Page 9: Workplace Economy Slides October 2010 To Ad Ova

Regional unemployment snapshot…

8.2%8.4%8.7%

7.6%9.4%

8.5%9.6%

8.5%9.8%9.9%

8.2%10.4%10.6%

12.8%12.1%

14.7%14.4%

BaltimoreDallas

HoustonBoston

PhiladelphiaSeattle

ClevelandMilwaukee

ChicagoSt. Louis

New YorkAtlanta

San FranciscoMiami

Los AngelesLas Vegas

Detroit

Page 10: Workplace Economy Slides October 2010 To Ad Ova

Following jobs report, Dow hits 11,000

Page 11: Workplace Economy Slides October 2010 To Ad Ova

In summary

The September jobs report brought job losses with unemployment remaining steady…

Opportunities• Adecco Group continues to see demand for temporary help from clients in every

industry and region of the United States.• Job growth in the temporary, health care, leisure and hospitality and

management/technical consulting sectors bring new opportunities for full time and temporary workers.

Weaknesses• Private sector job growth will need to increase speed in order for the unemployment rate

to drop in the upcoming months.• In the next few months, we could see the unemployment rate remain the same even

with job growth as more and more previously discouraged job seekers enter the market.