The Kelly Restructuring Index is compiled by Kelly Outsourcing Group, a division of Kelly Services. It aims to provide a summary of the leading factors contributors to labor and hiring conditions in the relevant markets, with a special focus on up-to-date layoffs and job creation statistics. It is compiled from publicly available data from official, private and not-for-profit organizations.
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| united states edition Q3 2012contents Summary p/3 METHODOLOGY NOTES: The Kelly Restructuring 01 Index is compiled by Kelly Outsourcing Group, a division of Kelly Services. It US labor market trends p/4 aims to provide a summary of the leading factors 02 contributors to labor and hiring conditions in the US regional labor trends p/7 relevant markets, with a special focus on up-to-date 03 layoffs and job creation statistics. It is compiled Most heavily impacted sectors p/9 from publicly available data from official, private and 04 not-for-profit organizations. US labor market outlook p/12 05 DISCLAIMER: Major announced US job layoffs p/13 This information is provided with the understanding About this report p/23 that it is not guaranteed to be correct or complete and conclusions drawn from such information are the sole responsibility of the user. Attempts have been made to ensure that this data or documentation is accurate and reliable; Kelly Services does not assume liability for any damages caused by inaccuracies in this data or graphs documentation. Kelly Services US mass layoffs P/5 makes no warranty, expressed or implied, US job openings P/6 as to the accuracy, completeness, Announced job layoffs by US region P/8 or utility of this Announced US job layoffs by industry sector P/10 information, nor does the fact of distribution US job openings by industry sector P/11 constitute a warranty.
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| united states edition Q3 2012 contents summary 01 US Labor market trends 02 US regional labor trends 03 most heavilysummary ➔ The positive evidence of recovery in the US economy GDP grew by 1.3% in the June quarter, down from January and June were the lowest for a January–June The action by the European Central Bank to effectively impacted sectors 04 US labor market outlook and the labor market is 2% in the previous quarter, period since 2007. However, bail out troubled economies 05 major continuing but the pace of has removed one immediate announced and is recording 2.2% job creation remains weak US job layoffs the upturn is still lacklustre. growth at an annual rate. and patchy. source of concern. about this report The improved trend in job All the evidence suggests Combined with a recovering The real frustration relates to openings and fewer layoffs that China is experiencing a housing market, improved the pace of the recovery. All suggests that the broad growth pause, rather than consumer spending and the major economic indicators jobs market is maintaining a growth halt. a return of confidence in are locked in a narrow band, its upward momentum. The the stockmarket, there are reflecting an economy that is The US Federal Reserve’s unemployment rate, at just a growing list of factors hampered by a host of global quantitative easing comes a shade over 8% is coming off its recent historic highs. supporting a broad-based uncertainties, and in need at a crucial time, with the economic recovery. of a domestic kick start. economy desperately in need of direction. This is not without Despite a slight upturn in the Europe’s woes remain inflationary risk but it should number of layoffs in the June unsettling and China’s provide a stimulus and keep quarter, total layoffs between slowdown has raised fears. the expansion from faltering. All the evidence suggests that China is experiencing a growth pause, rather than a growth halt.
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| united states edition Q3 2012 contents summary 01 US Labor market trends 02 US regional labor trends01 03 most heavily ➔ There was a The rate of layoffs has Both private sector and public impacted sectors jump in the number of continued its downward sector job openings increased 04 US labor market outlook job layoffs in the June trend since mid-2009, in over the course of the year. 05 major quarter – up approximately line with the improvement announced There were improvements US job layoffs 120,000 to 454,154 in private sector activity.US labor in industries including manufacturing, professional about this reportmarket However, for the full period between January and June The rate of layoffs in manufacturing was a standout services, and education,trends 2012, the total number of feature, recording one of the although construction was flat and the government layoffs was the lowest for lowest levels on record. any January–to–June sector had only small gains. period since 2007. Job openings remained at recent positive levels, Job openings have now touching 3.7 million at the recovered to a level not seen end of the second quarter. since the first half of 2008.
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Report | united states edition Q3 2012 contents summary 01 US Labor market trends 200000 2005/Q3 2006/Q1 2006/Q3 2007/Q1 2007/Q3 2008/Q1 2008/Q3 2009/Q1 2009/Q3 2010/Q1 2010/Q3 2011/Q1 2011/Q3 2012/Q1 2005/Q4 2006/Q2 2006/Q4 2007/Q2 2007/Q4 2008/Q2 2008/Q4 2009/Q2 2009/Q4 2010/Q2 2010/Q4 2011/Q2 2011/Q4 2012/Q2 02 US regional labor trends 03 most heavily impacted sectors 04 US labor market outlook US mass layoffs (Q3 2005 to Q2 2012) 05 major announced US job layoffs 1,000,000 about this report 800,000 600,000 400,000 200,000 2005/Q3 2005/Q4 2006/Q1 2006/Q2 2006/Q3 2006/Q4 2007/Q1 2007/Q2 2007/Q3 2007/Q4 2008/Q1 2008/Q2 2008/Q3 2008/Q4 2009/Q1 2009/Q2 2009/Q3 2009/Q4 2010/Q1 2010/Q2 2010/Q3 2010/Q4 2011/Q1 2011/Q2 2011/Q3 2011/Q4 2012/Q1 2012/Q2 Source: US Bureau of Labor Statistics The rate of layoffs in manufacturing was a standout feature, recording one of the lowest levels on record.
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Restructuring Report | united states edition Q3 2012 contents summary 0 01 US Labor December 2008 2009June August November 20092010 2010 2010 20102010 2010February 2011June August November 20112012 2012 2012 January 2009 2009 2009 20092009 2009February 2010June August November 20102011 2011 2011 20112011 2011February 2012June 2012 February May July October 2009 2009 May July October 2010 2010 May July October 2011 2011 May March 2009 2009 April September January April 2010 2010 December March September January April 2011 2011 December March September January April 2012 December March market trends 02 US regional labor trends 03 most heavily impacted sectors 04 US labor market outlook US JOB openings (dec 2008 to june 2012) 05 major announced US job layoffs 4,000,000 about this report 3,500,000 3,000,000 Job openings have 2,500,000 now recovered to a level not seen 2,000,000 since the first 1,500,000 half of 2008. 1,000,000 500,000 0 December 2008 January 2009 February 2009 March 2009 April 2009 May 2009 June 2009 July 2009 August 2009 September 2009 October 2009 November 2009 December 2009 January 2010 February 2010 March 2010 April 2010 May 2010 June 2010 July 2010 August 2010 September 2010 October 2010 November 2010 December 2010 January 2011 February 2011 March 2011 April 2011 May 2011 June 2011 July 2011 August 2011 September 2011 October 2011 November 2011 December 2011 January 2012 February 2012 March 2012 April 2012 May 2012 June 2012 Source: US Bureau of Labor Statistics
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| united states edition Q3 2012 contents summary 01 US Labor market trends 02 US regional labor trends02 03 most heavily ➔ All the major US The West recorded the In the South, which has impacted sectors regions experienced a spike highest number of layoffs experienced less volatility 04 US labor market outlook in layoffs during the June (132,053) in the quarter, up than other regions, layoffs 05 major quarter, effectively reversing almost 35,000 but steady on were up 19,000 to 117,865 announced US job layoffs much of the improvement the situation a year earlier.US regional that had occurred in the Among the states, the about this reportlabor early part of 2012. The Northeast suffered the worst reversal in the quarter, highest number of layoffs was in California, followedtrends Even so, the combined first with layoffs jumping almost by New Jersey, Pennsylvania, six months of 2012 was one 60% to nearly 114,000 Florida and New York. of the best in recent years in terms of labor retention. In the Midwest, there was Some 82% of layoffs were a less severe reversal, with in metropolitan areas. layoffs up some 20,000 to just over 90,000
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West contents8 | Employment Restructuring Report | united states edition Q3 2012 summary 01 US Labor market trends 02 US regional labor trends 03 most heavily impacted sectors 04 US labor market outlook announced job layoffs by US region (Q4 2009 to Q2 2012) 05 major announced US job layoffs 200,000 about this report 150,000 100,000 50,000 0 Northeast South Midwest West Q4 2009 Q2 2011 82% of layoffs were in Q1 2010 Q3 2011 Q2 2010 Q4 2011 metropolitan areas. Q3 2010 Q1 2012 Q4 2010 Q2 2012 Q1 2011 Source: US Bureau of Labor Statistics
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| united states edition Q3 2012 contents summary 01 US Labor market trends 02 US regional labor trends03 03 most heavily ➔ The reversal in fortunes down from almost 130,000 The government sector also There was a slight impacted sectors of the manufacturing sector in the final quarter of 2011. saw a sharp jump in layoffs, improvement in education 04 US labor market outlook has been the key feature from approximately 12,000 and health services, but most 05 major of the recent jobs data. In fact, the number of layoff other areas held onto the announced to more than 50,000. US job layoffs events in manufacturing (180) gains that have been evidentmost After sitting at the sharp end in the quarter was the lowest Other areas to absorb for the past few months, about this reportheavily of the adjustment process for many months, layoffs in for any quarter in the history of the Bureau of Labor Statistics. cutbacks in the quarter include healthcare, and suggesting that the tentative recovery is now spreadingimpacted manufacturing have dropped accommodation and food. across a wider section of dramatically. There were In contrast, transport andsectors slightly less than 80,000 warehousing saw the Job openings were steady trades and professions. layoffs in the manufacturing number of layoffs double to across most sectors sector in the June quarter, slightly more than 53,000. of the economy.
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Report | united states edition Q3 2012 contents summary 01 US Labor market trends 0 02 US regional Transportation and warehousing wasteand foodtrade social assistance Manufacturing Administrative and Government Accommodation Healthcare and Construction Arts,and technical services insurance services services Retail Professional entertainment andEducational services trade Real estate Information Finance and recreation Wholesale Mining labor trends 03 most heavily impacted sectors 04 US labor market outlook announced US job layoffs by industry sector – NON-FARM (Q3 2011 to Q2 2012) 05 major announced US job layoffs 150,000 about this Q3 2011 report Q4 2011 120,000 Q1 2012 Q2 2012 90,000 60,000 transport and warehousing saw the number of layoffs 30,000 double to slightly more than 53,000 0 Manufacturing Transport and warehousing Government Administrative and waste services Accommodation and food services Retail trade Healthcare and social assistance Construction Information Professional and technical services Arts, entertainment and recreation Finance and insurance Educational services Wholesale trade Mining Real estate Source: US Bureau of Labor Statistics
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| united states edition Q3 2012 contents summary 01 US Labor market trends 02 US regional labor trends 03 most heavily impacted sectors 04 US labor market outlook US job opening by industry sector (sept 2010 to june 2012) 05 major announced US job layoffs 700,000 about this report 600,000 500,000 400,000 There was a slight 300,000 improvement in education and 200,000 health services, but most other areas 100,000 held onto the gains that have been 0 Professional business services Education and Health Services Trade, Transportation and Utilities Leisure and Hospitality Government Manufacturing Construction evident for the past few months. Source: US Bureau of Labor Statistics
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| united states edition Q3 2012 contents summary 01 US Labor market trends 02 US regional labor trends04 03 most heavily ➔ The US is experiencing easing and global economic in 2013 – still below the confident private sector impacted sectors only a modest recovery and conditions remain subdued. long-term trend pattern. recovery. Coupled with the 04 US labor market outlook there is unlikely to be any fiscal stimulus package, the 05 major The US economy is poised The present recovery will announced significant improvement November election may US job layoffs at a precarious point, almost certainly be oneUS labor in the labor market without some exceptional with domestic conditions of the most measured in relieve some of the uncertainty surrounding key tax and about this reportmarket external influences. improving but a global economy that is holding back recent history. Perhaps the best that can be said revenue raising measures. Reaching a compromise onoutlook The present growth path of a full-fledged recovery. is that the worst is over. these measures is critical around a 2% annual GDP in avoiding the so-called The Federal Reserve does Gradual improvement in increase looks to be the fiscal “cliff” in 2013, which, not foresee a recovery in the consumer spending, housing norm over the coming year, if unresolved, could spark jobs market until 2014. The and investor confidence are meaning only a gradual bank’s stimulus measures are all crucial elements in building an economic slowdown, and piecemeal emergence likely to insulate the economy the sustainable recovery. even a recession. from the downturn. against further reversals, Job layoffs are easing and With many uncertainties, the but few observers expect hiring rates are showing The specter of a European outlook for jobs and economic any immediate turnaround steady improvement. sovereign debt crisis has growth is somber. The positive in economic fortunes. largely been averted, but The looming presidential signs still outweigh the there are few other positive The official forecasts predict election may provide the negatives, but that leaves no signals. China’s growth is 2.5 to 3% economic growth circuit breaker for a more room for unforeseen shocks.
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| united states edition Q3 2012 contents summary 01 US Labor market trends 02 US regional labor trends05 03 most heavily Organization Total (approx) Industry Month impacted sectors 04 US labor 38 Studios Company 300 Media/entertainment May market outlook AB Car Rental Services Inc. 55 Transport/logistics May 05 major Advantage, Eastern Kentucky 163 Resources/utilities April announced US job layoffs Adventist HealthCare 100 Health/medical Aprilmajor Aegis Communications Group Inc. Fairmont W.Va 57 Business services April about this reportannounced Akron school district Ohio 200 Education May Alaska Railroad 52 Public Administration JuneUS job Alorica Alpha Natural resources 289 130 Business services Resources/utilities April Maylayoffs AM General 75 Manufacturing June Ameren Corp. 44 Resources/utilities JuneAPR to JUN 2012 American Airlines 1,400 Aviation June American Eagle Airlines 100 Aviation May American Family Insurance 87 Insurance May Amherst County Public Schools, VA 38 Education June Anchorage School District Alaska 55 Education May Arch Coal Inc 750 Resources/utilities June Astar USA, Florence, KY 160 Transport/logistics June AT&T, Portland 86 Telecommunications May ATI Wah Chang, Millersburg 35 Manufacturing June Aurora Bank Indianapolis 450 Banking/finance April Bank of America, East Hartford, CT 150 Banking/finance April Bank of America, Fort Lauderdale, FL 675 Banking/finance June Barber Foods St John Plant, Portland Maine 79 Manufacturing April Beavercreek City School District 30 Education April Bechtel National Vitrification Plant, Hanford site 198 Manufacturing April Beef Products Inc Offices, South Dakota 86 Manufacturing May Beth Israel Deaconess Medical Center 40 Health/medical April BioScrip Inc. 189 Pharmaceutical May Blizzard, Orange County, CA 200 Media/entertainment April
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| united states edition Q3 2012 contents summary 01 US Labor market trends 02 US regional labor trends05 03 most heavily Organization Total (approx) Industry Month impacted sectors 04 US labor Blue Ridge Health Care Center, Raleigh, NC 90 Health/medical June market outlook Briggs & Stratton Corp. 460 Manufacturing April 05 major Briggs & Stratton, Auburn Alabama 250 Manufacturing April announced US job layoffs CA Technologies 50 Technology April about this Campbell’s Soup Co. 70 Manufacturing June report Capital One 850 Banking/finance May Capital One Bank, Bethesda 80 Banking/finance June Cartridges Are Us, Ithaca 64 Manufacturing June Center Industries 72 Manufacturing May Central Appalachian Mining (CAM), Pikeville, KY 193 Resources/utilities June Central Bucks School, PA 44 Education May Certified Ad Services 86 Media/entertainment April CH2M Hill Plateau Remediation Co 58 Resources/utilities June Chesapeake Energy Corp North Texas 70 Resources/utilities June Chino Valley Unified School District, CA 119 Education May Christus Santa Rosa Health System Texas 400 Health/medical May Cincinnati Bell, Norwood 137 Business services May Cincinnati Public Schools Ohio 237 Education April City of Long Beach 67 Public Administration May City of Milpitas, CA 52 Public Administration May City of Surprise, AZ 33 Public Administration May City of Westminster, CA 67 Public Administration June Clark County School District Las Vegas 1,015 Education May Cohart Refractories 70 Manufacturing May Comcast Call Center, Fishers Indiana 59 Business services June Comcast Corp 65 Telecommunications June Community Unit School District 200, IL 35 Education April Compass Group USA 270 Education April ConAgra Foods Inc. Batesville, AR 250 Agriculture May Consol Energy Inc 318 Resources/utilities June
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| united states edition Q3 2012 contents summary 01 US Labor market trends 02 US regional labor trends05 03 most heavily Organization Total (approx) Industry Month impacted sectors 04 US labor Consol Energy Inc. Monongalia County, W.Va 53 Resources/utilities April market outlook Contech Castings of Clarksville, TN 53 Manufacturing June 05 major Cooper Bussman Transportation 74 Transport/logistics June announced US job layoffs Cox Enterprises Distribution Center, Smyrna Georgia 107 Transport/logistics May about this Credit Suisse Grou,p NY 126 Banking/finance May report Crowley County Correctional Facility, 36 Public Administration June Olney Springs Colorado Crozer Keystone Health System 325 Health/medical April CVS distribution center, Patterson, CA 100 Pharmaceutical June Dana Holding Corp 37 Manufacturing June Dearborn Public Schools, MI 44 Education May DeKalb County School District, GA 412 Education June Delphinus Engineering 46 Manufacturing April Desert Sands Unified School District 130 Education May Detroit Firefighters 164 Public Administration June Detroit Public Schools 4,000 Education April Dillard’s distribution center, Davidson County 125 Transport/logistics May Direct Energy 80 Resources/utilities April Dow Chemical 900 Manufacturing April DRS Technologies 150 Manufacturing April Easton Area School District ,PA 77 Education April Electric Energy 44 Resources/utilities June Elyria School District Ohio 45 Education April Erlanger Health System 142 Health/medical April Ferry-Morse Seed Co. 199 Agriculture May Fifth Third Asset Management 30 Banking/finance June Finnair PLC 280 Aviation April First Data Technologies, Louisville, KY 344 Technology June First Solar 2000 Manufacturing April FirstMerit Corp 338 Banking/finance May