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2012


employment
restructuring
                                 4
report
u n i t e d s tat e s e d i t i o n
2 | Employment Restructuring Report | united states edition Q4 2012




contents                                 Summary          p/3
                                                                                            METHODOLOGY NOTES:
                                                                                            The Employment


                                         01
                                                                                            Restructuring Report is
                                                                                            compiled by Kelly Services
                                                                                            using publicly-available data
                                         US labor market trends p/4                         from official, private and
                                                                                            non-profit organizations. It

                                         02                                                 aims to provide a summary
                                                                                            of the leading factors
                                         US regional labor trends p/7                       contributing to labour
                                                                                            and hiring conditions in

                                         03                                                 the relevant markets,
                                                                                            with a special focus on
                                         Most heavily impacted sectors p/9                  up-to-date layoffs and
                                                                                            job creation statistics.

                                         04
                                         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.
home

3 | Employment Restructuring Report | united states edition Q4 2012                                                                                                          contents
                                                                                                                                                                             summary
                                                                                                                                                                             01 US Labor
                                                                                                                                                                             market trends
                                                                                                                                                                             02 US regional
                                                                                                                                                                             labor trends
                                                                                                                                                                             03 most heavily

summary                                  ➔      The US labor market
                                         maintained its positive upward
                                                                          Private consumer spending
                                                                          of just 1.4% in the quarter
                                                                                                             number of reality checks.
                                                                                                             Relatively weak consumer
                                                                                                                                                                             impacted sectors
                                                                                                                                                                             04 US labor
                                                                                                                                                                             market outlook
                                         swing in the third quarter of    remains weak, and the              and business spending and                                       05 major
                                         2012 as the broader economy                                                                                                         announced
                                                                          impact of superstorm               a jump in inventories are
                                                                                                                                                                             US job layoffs
                                         produced the sharpest burst      Sandy looks certain to             likely to see more subdued                                      about this
                                                                                                                                                                             report
                                         of growth so far this year.      depress activity during the        growth in the final quarter.
   Relatively weak                                                        final quarter of the year.
   consumer and                          There was genuine surprise                                          The impact of Sandy on
   business spending                     at the 2.7% jump in GDP in       The jobs market held up            the Northeast is likely to
   and a jump in                         the July–September period,       relatively well during the third   be prolonged with some
   inventories are                       which was largely fuelled by     quarter with fewer layoffs,        businesses having their
   likely to see more                    government spending and          higher employment, and a           operations affected for more
   subdued growth in                     private inventory investment,                                       than a month after the event.
                                                                          lower rate of unemployment.
   the final quarter.                    helping to sustain the                                                                               A double-dip recession
                                         economic momentum.               The number of layoffs fell         The protracted political         in the eurozone, coupled
                                                                          almost 122,000 during              standoff on tax increases        with ongoing sovereign
                                                                          the quarter to a total of          and spending cuts to avoid       debt concerns and a harsh
                                                                          332,368, the lowest since          the ‘fiscal cliff’ will put a    austerity program suggests
                                                                          the third quarter of 2006.         dampener on business and         a period of prolonged pain.
                                                                                                             investor confidence until it
                                                                          The unemployment rate              is resolved. It’s worth noting   Japan has unleashed a
                                                                          has fallen to 7.7%, down           that even if the December        major stimulus package,
                                                                          from 8.7% a year earlier.          31 deadline is not met, the      as the world’s third biggest

                                                                          Total non-farm payroll             automatic tax increases          economy heads toward its

                                                                          employment has increased           and spending cuts will not       fifth recession in 15 years.

                                                                          by 1.9 million year over year.     be felt for many months.         In China, latest data shows
                                                                                                                                              a strong rebound from
                                                                          The positive signs are             The global economy presents      the mini-slump that briefly
                                                                          being tempered by a                a volatile and mixed picture.    dampened its strong growth.
home

4 | Employment Restructuring Report | united states edition Q4 2012                                                                                                        contents
                                                                                                                                                                           summary
                                                                                                                                                                           01 US Labor
                                                                                                                                                                           market trends
                                                                                                                                                                           02 US regional
                                                                                                                                                                           labor trends




01
                                                                                                                                                                           03 most heavily
                                         ➔      The number of            99,851 fewer than at the same     The total number of people     1.2 million more job openings    impacted sectors

                                         layoffs in the third quarter    time in the previous year.        unemployed stood at 12.25      than at the low point of the     04 US labor
                                                                                                                                                                           market outlook
                                         of 2012 touched its lowest                                        million, some 1.5 million      recession in mid-2009.           05 major
                                         level in six years as the       Another encouraging sign                                                                          announced
                                                                                                           fewer than a year earlier.
                                                                                                                                                                           US job layoffs
                                         upward trend across most        was that the number of                                           However the improvement in
                                                                                                           The number of long-term
US labor                                 sectors of the economy          people employed part-
                                                                                                           unemployed (jobless
                                                                                                                                          the labor market in the third
                                                                                                                                                                           about this
                                                                                                                                                                           report


market                                   continued to gather pace.       time for economic reasons
                                                                         – sometimes known as
                                                                                                           for 27 weeks or more)
                                                                                                                                          quarter may be short-lived.
                                                                                                                                          There is expected to be a
                                                                                                           was 5.0 million.
trends                                   There were 332,368 layoffs      involuntary part-time workers –                                  worsening in the final months
                                         in the quarter, 121,786 fewer   fell by 269,000 to 8.3 million.   Job openings at the end        of 2012 due to the devastation
                                         than in the June quarter and                                      of September stood at          caused by Hurricane Sandy,
                                                                                                           3.6 million, approximately     with many businesses,
                                                                                                           200,000 fewer than at the      particularly in and around
                                                                                                           previous quarter, and only a   New York, experiencing
                                                                                                           slight improvement on the      shutdown, and employees
                                                                                                           position from a year ago.      resorting to claiming
                                                                                                           However, there are now         unemployment benefits.




                                                                                                                                                                                  
home
                                            400000
5 | Employment Restructuring Report | united states edition Q4 2012                                                                                                                                                                                                                                                                            contents
                                                                                                                                                                                                                                                                                                                                               summary
                                                                                                                                                                                                                                                                                                                                               01 US Labor
                                                                                                                                                                                                                                                                                                                                               market trends
                                            200000
                                              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
                                                   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 2012/Q3                                                                                                                                                                             02 US regional
                                                                                                                                                                                                                                                                                                                                               labor trends
                                                                                                                                                                                                                                                                                                                                               03 most heavily
                                                                                                                                                                                                                                                                                                                                               impacted sectors
                                                                                                                                                                                                                                                                                                                                               04 US labor
                                                                                                                                                                                                                                                                                                                                               market outlook
                                         US mass layoffs (Q4 2005 to Q3 2012)                                                                                                                                                                                                                                                                  05 major
                                                                                                                                                                                                                                                                                                                                               announced
                                                                                                                                                                                                                                                                                                                                               US job layoffs
                                         1,000,000                                                                                                                                                                                                                                                                                             about this
                                                                                                                                                                                                                                                                                                                                               report
   Another encouraging
   sign was that the
   number of people                        800,000
   employed part-time
   for economic reasons
   – sometimes known                       600,000
   as involuntary part-
   time workers – fell by
   269,000 to 8.3 million.
                                           400,000




                                           200,000
                                                       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
                                                                                                                                                                                                                                                                                                                                     2012/Q3
                                                                                                                                                                                                                                                                         Source: US Bureau of Labor Statistics
1000000
                                                                                                                                                                                        home

6 | Employment Restructuring Report | united states edition Q4 2012                                                                                                                     contents
                                           500000
                                                                                                                                                                                        summary

                                                   0                                                                                                                               01 US Labor
                                                  March 2009 2009 20092009 2009February 2010June August November 20102011 2011 2011 20112011 2011February 2012JuneAugust 2012 2012 market trends
                                                     April 2009 August November 20092010 2010 2010 20102010 2010February 2011June August November 20112012 2012 2012 2012
                                                        May July October 2009 2009 May July October 2010 2010 May July October 2011 2011 May July
                                                            June 2009
                                                                 September January April 2010 2010
                                                                         December March           September January April 2011 2011
                                                                                                          December March           September January April 2012 2012
                                                                                                                                           December March          September
                                                                                                                                                                                        02 US regional
                                                                                                                                                                                        labor trends
                                                                                                                                                                                        03 most heavily
                                                                                                                                                                                        impacted sectors
                                                                                                                                                                                        04 US labor
                                                                                                                                                                                        market outlook
                                         US JOB openings (MAR 2009 to Sept 2012)                                                                                                        05 major
                                                                                                                                                                                        announced
                                                                                                                                                                                        US job layoffs
                                         4,000,000                                                                                                                                      about this
                                                                                                                                                                                        report
                                         3,500,000

                                         3,000,000

                                         2,500,000

                                         2,000,000

                                         1,500,000

                                         1,000,000

                                           500,000

                                                  0
                                                           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
                                                             July 2012
                                                          August 2012
                                                      September 2012
                                                                                                                                                Source: US Bureau of Labor Statistics




                                                                        the improvement in the labor market in the third quarter may
                                                                        be short-lived. There is expected to be a worsening in the final
                                                                        months of 2012 due to the devastation caused by the storm.
home

7 | Employment Restructuring Report | united states edition Q4 2012                                                                          contents
                                                                                                                                             summary
                                                                                                                                             01 US Labor
                                                                                                                                             market trends
                                                                                                                                             02 US regional
                                                                                                                                             labor trends




02
                                                                                                                                             03 most heavily
                                         ➔      All four US census       The biggest improvement          based nature of the economic       impacted sectors

                                         regions experienced falls       occurred in the West, where      recovery that is now emerging.     04 US labor
                                                                                                                                             market outlook
                                         in the number of layoffs        approximately 79,000 jobs                                           05 major
                                         during the quarter.             were lost, some 53,000 less      Among the states, California       announced
                                                                                                                                             US job layoffs
                                                                         than in the previous quarter.    recorded the largest number
US regional                              The highest number of layoffs                                    of layoffs, followed by New
                                                                                                                                             about this
                                                                                                                                             report


labor                                    occurred in the South, with
                                         106,276 jobs disappearing,
                                                                         There was also a big
                                                                         improvement in the Northeast,
                                                                                                          York, Illinois and Pennsylvania.


trends                                   approximately 11,500 fewer      where layoffs totaled 67,653,    Approximately 87% of
                                                                                                          the claims associated with
                                         than in the previous quarter.   approximately 46,000 less than
                                                                         in the second quarter of 2012.   layoffs in the quarter were
                                         The Midwest saw a                                                in metropolitan areas.
                                         marginal improvement,           In both the Northeast and
                                         with approximately 80,000       the West, the rate of layoffs
                                         layoffs, some 10,000 less       were at recent historic lows,
                                         than the previous quarter.      reflecting the more broad-
home

8 | Employment Restructuring Report | united states edition Q4 2012                                                            contents
                                                0
                                                                                                                               summary
                                                                 Northeast                  South   Midwest   West
                                                                                                                               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 (Q1 2010 to Q3 2012)                               05 major
                                                                                                                               announced
                                                                                                                               US job layoffs
                                         200,000
                                                                                                                               about this
    The biggest                                                                                                                report

    improvement
    occurred in the West,                150,000
    where approximately
    79,000 jobs were
    lost, some 53,000 less
                                         100,000
    than in the previous
    quarter.

                                          50,000




                                                0
                                                                Northeast                   South   Midwest   West
                                                    Source: US Bureau of Labor Statistics
                                                                                                                     Q1 2010
                                                                                                                     Q2 2010
                                                                                                                     Q3 2010
                                                                                                                     Q4 2010
                                                                                                                     Q1 2011
                                                                                                                     Q2 2011
                                                                                                                     Q3 2011
                                                                                                                     Q4 2011
                                                                                                                     Q1 2012
                                                                                                                     Q2 2012
                                                                                                                     Q3 2012
home

9 | Employment Restructuring Report | united states edition Q4 2012                                                                            contents
                                                                                                                                               summary
                                                                                                                                               01 US Labor
                                                                                                                                               market trends
                                                                                                                                               02 US regional
                                                                                                                                               labor trends




03
                                                                                                                                               03 most heavily
                                         ➔       The manufacturing           approximately 41,500              Across industry, job openings   impacted sectors

                                         sector recorded a spike in                                            were largely unchanged          04 US labor
                                                                             layoffs, attributed largely to
                                                                                                                                               market outlook
                                         layoffs during the third quarter,   contract completion. The          across most sectors, with the   05 major
                                                                                                                                               announced
                                         with almost 129,000 jobs            sector has experienced a          exception of manufacturing,     US job layoffs


most                                     disappearing, approximately
                                         50,000 above the previous
                                                                             consistent downward pattern
                                                                             of layoffs in recent quarters.
                                                                                                               where openings fell
                                                                                                               approximately 74,000 in
                                                                                                                                               about this
                                                                                                                                               report


heavily                                  quarter and the highest                                               the quarter to 238,000,
                                                                             The retail sector saw a decline   and professional business
impacted
                                         quarterly loss this year.
                                         Manufacturing accounted             in the number of layoffs, down    services, where openings were

sectors                                  for 38% of all layoffs in the       to a recent low of 26,950.        down 64,000 to 651,000.
                                         quarter. The layoffs were
                                                                             Construction, transport           The construction sector also
                                         blamed largely on slack work
                                                                             and warehousing, and              suffered a drop of 4,000
                                         and insufficient demand.
                                                                             government all experienced        openings in the quarter.
                                         The administrative and              significant reductions in
                                         waste services sector had           layoffs in the quarter.
30000
                                                                                                                                                                                                                                                                                                                                                       home

10 | Employment Restructuring Report | united states edition Q4 2012                                                                                                                                                                                                                                                                                   contents
                                                                                                                                                                                                                                                                                                                                                       summary
                                                0
                                               Administrative and Retail Transportation and warehousing Healthcare and social assistance services insuranceand recreation Real estate
                                                Manufacturing     waste trade
                                                                          services
                                                                           Construction   Government
                                                                                               AccommodationProfessional and technical trade
                                                                                                  Information and food services Wholesale entertainment
                                                                                                                                      Finance and
                                                                                                                                        Arts,          Educational services
                                                                                                                                                                     Mining                                                                                                                                                                            01 US Labor
                                                                                                                                                                                                                                                                                                                                                       market trends
                                                                                                                                                                                                                                                                                                                                                       02 US regional
                                                                                                                                                                                                                                                                                                                                                       labor trends
                                                                                                                                                                                                                                                                                                                                                       03 most heavily
                                                                                                                                                                                                                                                                                                                                                       impacted sectors
                                                                                                                                                                                                                                                                                                                                                       04 US labor
                                                                                                                                                                                                                                                                                                                                                       market outlook
                                         announced US job layoffs by industry sector – NON-FARM (Q4 2011 to Q3 2012)                                                                                                                                                                                                                                   05 major
                                                                                                                                                                                                                                                                                                                                                       announced
                                         150,000                                                                                                                                                                                                                                                                                                       US job layoffs
                                                                                                                                                                                                                                                                                                                                                       about this
                                                                                                                                                                                                                                                                                                                                       Q4 2011         report

                                                                                                                                                                                                                                                                                                                                       Q1 2012
                                         120,000
                                                                                                                                                                                                                                                                                                                                       Q2 2012
                                                                                                                                                                                                                                                                                                                                       Q3 2012

                                          90,000

   Manufacturing
   accounted for 38%                      60,000
   of all layoffs in
   the quarter. They
   were blamed largely                    30,000
   on slack work and
   insufficient demand.
                                                0
                                                     Manufacturing

                                                                     Administrative and
                                                                        waste services

                                                                                          Retail trade


                                                                                                         Construction

                                                                                                                        Transportation and
                                                                                                                              warehousing

                                                                                                                                             Government


                                                                                                                                                          Information

                                                                                                                                                                        Accommodation and
                                                                                                                                                                             food services

                                                                                                                                                                                              Healthcare and
                                                                                                                                                                                             social assistance

                                                                                                                                                                                                                  Professional and
                                                                                                                                                                                                                 technical services

                                                                                                                                                                                                                                      Wholesale trade


                                                                                                                                                                                                                                                        Finance and insurance

                                                                                                                                                                                                                                                                                Arts, entertainment
                                                                                                                                                                                                                                                                                      and recreation

                                                                                                                                                                                                                                                                                                       Educational services


                                                                                                                                                                                                                                                                                                                              Mining


                                                                                                                                                                                                                                                                                                                                         Real estate
                                                                                                                                                                                                                                                                                        Source: US Bureau of Labor Statistics
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11 | Employment Restructuring Report | united states edition Q4 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 (DEC 2010 to SEPT 2012)                                                                                            05 major
                                                                                                                                                                                              announced
                                                                                                                                                                                              US job layoffs
                                         800,000
                                                                                                                                                                          Dec 2010            about this
                                                                                                                                                                                              report             S
                                         700,000                                                                                                                          March 2011

                                         600,000
                                                                                                                                                                          June 2011                              J
                                                                                                                                                                          Sept 2011
                                                                                                                                                                          Dec 2011
                                         500,000                                                                                                                          March 2012
                                                                                                                                                                                                                 M
                                                                                                                                                                          June 2012
                                         400,000
                                                                                                                                                                          Sept 2012                              D
                                         300,000
                                                                                                                                                                                                                 S
                                         200,000
   professional                                                                                                                                                                                                  J
   business services                     100,000
   job openings were
                                                0
                                                                                                                                                                                                                 M
   down 64,000 to
                                                           Education and
                                                          Health Services




                                                                                 Professional
                                                                            Business Services




                                                                                                Trade, Transportation
                                                                                                          and Utilities




                                                                                                                          Leisure and
                                                                                                                           Hospitality




                                                                                                                                         Government




                                                                                                                                                      Manufacturing




                                                                                                                                                                             Construction
   651,000.                                                                                                                                                                                                      D


                                                                                                                                                      Source: US Bureau of Labor Statistics
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12 | Employment Restructuring Report | united states edition Q4 2012                                                                                                          contents
                                                                                                                                                                              summary
                                                                                                                                                                              01 US Labor
                                                                                                                                                                              market trends
                                                                                                                                                                              02 US regional
                                                                                                                                                                              labor trends




04
                                                                                                                                                                              03 most heavily
                                         ➔      The US jobs market       In the past 12 months, the      throughout 2013, before            In China, factory output is at    impacted sectors

                                         is seeing continued steady      private sector has added        growing at 1.3% in 2014.           its highest level in more than    04 US labor
                                                                                                                                                                              market outlook
                                         improvement as the              1.9 million jobs, while the                                        a year, suggesting that the       05 major
                                                                         public sector has lost 42,000   For the US, the OECD says                                            announced
                                         broader economy gathers                                                                            economy is rebounding after       US job layoffs
                                                                         jobs. The stronger than         that provided the fiscal cliff
US labor                                 strength and private sector
                                         activity slowly returns.        expected September quarter      is avoided, the country will
                                                                                                                                            months of slowing growth.         about this
                                                                                                                                                                              report


market                                   The growth outlook for the
                                                                         GDP figures, a recovery         record just 2% growth in
                                                                                                         2013 before rising to 2.8% in
                                                                                                                                            In the near term, the US
                                                                                                                                            economy and labor market
                                                                         in the housing market,
outlook                                  US remains positive but         stronger durable goods          2014. If something really goes     will see steady improvement,
                                         hesitant, largely as a result   orders, and a four-year high    wrong in Europe, even those        notwithstanding a likely dip
                                         of the myriad international     in the Conference Board’s       predictions will look rosy.        in the final quarter due to the
                                         worries and the domestic        consumer confidence index                                          effects of Hurricane Sandy.
                                                                                                         We are likely to see ongoing
                                         uncertainty surrounding         all suggest that conditions
                                                                                                         fiscal and monetary stimulus       For 2013, it will be a more
                                         the budget stalemate.           in the US are improving.
                                                                                                         across G7 countries for some       complex story, dependent
                                                                         The unsettling European         time yet. Japan is the latest      on the volatile political,
                                                                         situation is the big unknown.   country to begin stimulating its   social and economic
                                                                         The OECD predicts               economy ahead of upcoming          fortunes of the eurozone
                                                                         that the eurozone will          elections and the prospect         and whether that assists or
                                                                         remain in recession or flat     of another recession.              negates the US recovery.
home

13 | Employment Restructuring Report | united states edition Q4 2012                                                                           contents
                                                                                                                                               summary
                                                                                                                                               01 US Labor
                                                                                                                                               market trends
                                                                                                                                               02 US regional
                                                                                                                                               labor trends




05
                                                                                                                                               03 most heavily
                                          Organization                                     Total (approx) Industry                 Month       impacted sectors
                                                                                                                                               04 US labor
                                          Actelion                                                  135 Pharmaceutical             July
                                                                                                                                               market outlook
                                          Alcatel Lucent                                          5,000 Telecommunications         July        05 major
                                          Alloy Surfaces                                            145 Manufacturing              September   announced
                                                                                                                                               US job layoffs
                                          Alorica, Cutler Bay                                       127 Health/Medical             September
major                                     Alta Bates Summit Medical Center                          370 Aviation                   September
                                                                                                                                               about this
                                                                                                                                               report


announced
                                          American Airlines                                          40 Aviation                   July
                                          American Airlines                                       4,400 Aviation                   September

US job                                    American Airlines, Miami International Airport
                                          American Power Source
                                                                                                     63 Aviation
                                                                                                     50 Resources/Utilities
                                                                                                                                   July
                                                                                                                                   September

layoffs                                   American Showa Inc.                                       173 Resources/Utilities        August
                                          American Showa Inc, Blanchester                           170 Resources/Utilities        August
July to SEPT 2012                         Apollo Group Inc                                           70 Education                  July
                                          Applied Materials Inc, Gloucester                          55 Manufacturing              September
                                          Ashford University                                        450 Education                  September
                                          AstraZeneca, MedImmune                                    200 Pharmaceutical             July
                                          Autodesk Inc                                              500 Arts/Media/Entertainment   August
                                          Autodesk Inc                                               70 Arts/Media/Entertainment   September
                                          Avid Technology Inc                                       360 Technology                 July
                                          B/E Aerospace Inc, Holtsville                              55 Aerospace/Defense          July
                                          BAE Systems, San Francisco                                 95 Aerospace/Defense          September
                                          Baker Victory Services                                    143 Community Services         August
                                          Bank of America                                            55 Banking/Finance            July
                                          Bank of America                                        16,000 Banking/Finance            September
                                          BankAtlantic, Fort Lauderdale                             365 Banking/Finance            August
                                          Bath Iron Works                                            88 Manufacturing              September
                                          Bath Iron Works                                            38 Manufacturing              September
                                          Bayer CropScience                                         250 Manufacturing              July
                                          Beaverton Oregon                                          204 Education                  July
                                          Behlen Manufacturing                                       35 Manufacturing              August
                                          Best Buy                                                2,400 Retail                     July
home

14 | Employment Restructuring Report | united states edition Q4 2012                                                        contents
                                                                                                                            summary
                                                                                                                            01 US Labor
                                                                                                                            market trends
                                                                                                                            02 US regional
                                                                                                                            labor trends




05
                                                                                                                            03 most heavily
                                          Organization                        Total (approx) Industry           Month       impacted sectors
                                                                                                                            04 US labor
                                          Best Buy                                   2,000 Retail               September
                                                                                                                            market outlook
                                          Bimbo Bakeries, Sunbury                       30 Manufacturing        September   05 major
                                          Blackboard Inc                                90 Technology           September   announced
                                                                                                                            US job layoffs
                                          BMO Harris Bank                               37 Banking/Finance      September
                                                                                                                            about this
                                          Bookit.com                                    80 Technology           August      report
                                          Boston Children’s Hospital                   255 Health/Medical       September
                                          Brillion Iron Works                          198 Manufacturing        August
                                          Brooks Automation Inc.                       150 Technology           September
                                          C.R. Bard NY                                  55 Manufacturing        July
                                          California Pacific Medical Center            120 Health/Medical       August
                                          Capital Health                               175 Health/Medical       July
                                          Capital One, Bethesda                         80 Banking/Finance      July
                                          Capital One, Tigard                          217 Banking/Finance      September
                                          Caterpillar Inc, Lafayette                   167 Manufacturing        August
                                          Chester County, Pennsylvania                  30 Public Sector        July
                                          Chromalloy, Nevada                           100 Aerospace/Defense    September
                                          Chromalloy, Nevada                            48 Aerospace/Defense    September
                                          Chromalloy, San Antonio                       57 Aerospace/Defense    September
                                          Cisco Systems Inc                          1,300 Technology           July
                                          Citigroup Inc.                               350 Banking/Finance      July
                                          City of Milpitas                              43 Public Sector        July
                                          City of Tacoma                               200 Public Sector        September
                                          Clifford Jacobs Forging Co.                   36 Manufacturing        September
                                          Clipper Windpower                            174 Manufacturing        August
                                          Codexis Inc                                  133 Pharmaceutical       September
                                          Colorado Boys Ranch YouthConnect             100 Community Services   July
                                          Comair Inc, Detroit Metro Airport            524 Aviation             August
                                          Comcast Cable                                 89 Telecommunications   August
                                          Comcast, Tinley Center                       106 Telecommunications   August
                                          Community Memorial Health System              31 Health/Medical       September
home

15 | Employment Restructuring Report | united states edition Q4 2012                                                                                 contents
                                                                                                                                                     summary
                                                                                                                                                     01 US Labor
                                                                                                                                                     market trends
                                                                                                                                                     02 US regional
                                                                                                                                                     labor trends




05
                                                                                                                                                     03 most heavily
                                          Organization                                           Total (approx) Industry                 Month       impacted sectors
                                                                                                                                                     04 US labor
                                          CompuCom Systems Inc                                             61 Technology                 September
                                                                                                                                                     market outlook
                                          Conservation Services Group Inc                                  40 Community Services         September   05 major
                                          Corning Cable Systems                                            90 Telecommunications         August      announced
                                                                                                                                                     US job layoffs
                                          Covidien Surgical Solutions, Boulder Colorado                    35 Health/Medical             August
                                                                                                                                                     about this
                                          Crane & Co.                                                      55 Manufacturing              August      report
                                          Crane & Co.                                                     200 Manufacturing              July
                                          Credit Suisse, New York                                         138 Banking/Finance            July
                                          CVS Caremark, Miramar                                           178 Health/Medical             August
                                          Davie Hospital                                                   40 Health/Medical             August
                                          Dendreon Corp.                                                  145 Pharmaceutical             September
                                          Department of Children and Family Services, Illinois            600 Public Sector              July
                                          Department of Labor and Training, Rhode Island                   67 Public Sector              July
                                          Devereux                                                        153 Health/Medical             September
                                          DeVry Inc                                                       570 Education                  July
                                          DineEquity Inc                                                  100 Technology                 August
                                          Disney Interactive                                               50 Arts/Media/Entertainment   September
                                          East St. Louis School District                                   50 Education                  August
                                          Eastman Kodak                                                 1,000 Technology                 September
                                          Englewood Hospital and Medical Center                            70 Health/Medical             September
                                          ETM Enterprise, Grand Ledge, Michigan                           100 Manufacturing              September
                                          Exelon Corp.                                                    170 Resources/Utilities        August
                                          Exide Technologies Frisco Facility                              120 Technology                 September
                                          Express Script Holding                                          283 Health/Medical             September
                                          Express Scripts Holding Co, New Jersey                          258 Health/Medical             July
                                          Express Scripts Inc at Liberty Medical Supply Inc,
                                                                                                           84 Health/Medical             August
                                          Florida
                                          Fair Isaac Corp.                                                 31 Banking/Finance            August
                                          Family Resources, Iowa                                           45 Community Services         July
                                          Faurecia                                                        150 Manufacturing              September
                                          Faurecia plant, Dexter Missouri                                 150 Manufacturing              September
U.S Employment Restructuring Report Q4 2012
U.S Employment Restructuring Report Q4 2012
U.S Employment Restructuring Report Q4 2012
U.S Employment Restructuring Report Q4 2012
U.S Employment Restructuring Report Q4 2012
U.S Employment Restructuring Report Q4 2012
U.S Employment Restructuring Report Q4 2012
U.S Employment Restructuring Report Q4 2012

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U.S Employment Restructuring Report Q4 2012

  • 1. 2012 employment restructuring 4 report u n i t e d s tat e s e d i t i o n
  • 2. 2 | Employment Restructuring Report | united states edition Q4 2012 contents Summary p/3 METHODOLOGY NOTES: The Employment 01 Restructuring Report is compiled by Kelly Services using publicly-available data US labor market trends p/4 from official, private and non-profit organizations. It 02 aims to provide a summary of the leading factors US regional labor trends p/7 contributing to labour and hiring conditions in 03 the relevant markets, with a special focus on Most heavily impacted sectors p/9 up-to-date layoffs and job creation statistics. 04 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.
  • 3. home 3 | Employment Restructuring Report | united states edition Q4 2012 contents summary 01 US Labor market trends 02 US regional labor trends 03 most heavily summary ➔ The US labor market maintained its positive upward Private consumer spending of just 1.4% in the quarter number of reality checks. Relatively weak consumer impacted sectors 04 US labor market outlook swing in the third quarter of remains weak, and the and business spending and 05 major 2012 as the broader economy announced impact of superstorm a jump in inventories are US job layoffs produced the sharpest burst Sandy looks certain to likely to see more subdued about this report of growth so far this year. depress activity during the growth in the final quarter. Relatively weak final quarter of the year. consumer and There was genuine surprise The impact of Sandy on business spending at the 2.7% jump in GDP in The jobs market held up the Northeast is likely to and a jump in the July–September period, relatively well during the third be prolonged with some inventories are which was largely fuelled by quarter with fewer layoffs, businesses having their likely to see more government spending and higher employment, and a operations affected for more subdued growth in private inventory investment, than a month after the event. lower rate of unemployment. the final quarter. helping to sustain the A double-dip recession economic momentum. The number of layoffs fell The protracted political in the eurozone, coupled almost 122,000 during standoff on tax increases with ongoing sovereign the quarter to a total of and spending cuts to avoid debt concerns and a harsh 332,368, the lowest since the ‘fiscal cliff’ will put a austerity program suggests the third quarter of 2006. dampener on business and a period of prolonged pain. investor confidence until it The unemployment rate is resolved. It’s worth noting Japan has unleashed a has fallen to 7.7%, down that even if the December major stimulus package, from 8.7% a year earlier. 31 deadline is not met, the as the world’s third biggest Total non-farm payroll automatic tax increases economy heads toward its employment has increased and spending cuts will not fifth recession in 15 years. by 1.9 million year over year. be felt for many months. In China, latest data shows a strong rebound from The positive signs are The global economy presents the mini-slump that briefly being tempered by a a volatile and mixed picture. dampened its strong growth.
  • 4. home 4 | Employment Restructuring Report | united states edition Q4 2012 contents summary 01 US Labor market trends 02 US regional labor trends 01 03 most heavily ➔ The number of 99,851 fewer than at the same The total number of people 1.2 million more job openings impacted sectors layoffs in the third quarter time in the previous year. unemployed stood at 12.25 than at the low point of the 04 US labor market outlook of 2012 touched its lowest million, some 1.5 million recession in mid-2009. 05 major level in six years as the Another encouraging sign announced fewer than a year earlier. US job layoffs upward trend across most was that the number of However the improvement in The number of long-term US labor sectors of the economy people employed part- unemployed (jobless the labor market in the third about this report market continued to gather pace. time for economic reasons – sometimes known as for 27 weeks or more) quarter may be short-lived. There is expected to be a was 5.0 million. trends There were 332,368 layoffs involuntary part-time workers – worsening in the final months in the quarter, 121,786 fewer fell by 269,000 to 8.3 million. Job openings at the end of 2012 due to the devastation than in the June quarter and of September stood at caused by Hurricane Sandy, 3.6 million, approximately with many businesses, 200,000 fewer than at the particularly in and around previous quarter, and only a New York, experiencing slight improvement on the shutdown, and employees position from a year ago. resorting to claiming However, there are now unemployment benefits. 
  • 5. home 400000 5 | Employment Restructuring Report | united states edition Q4 2012 contents summary 01 US Labor market trends 200000 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 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 2012/Q3 02 US regional labor trends 03 most heavily impacted sectors 04 US labor market outlook US mass layoffs (Q4 2005 to Q3 2012) 05 major announced US job layoffs 1,000,000 about this report Another encouraging sign was that the number of people 800,000 employed part-time for economic reasons – sometimes known 600,000 as involuntary part- time workers – fell by 269,000 to 8.3 million. 400,000 200,000 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 2012/Q3 Source: US Bureau of Labor Statistics
  • 6. 1000000 home 6 | Employment Restructuring Report | united states edition Q4 2012 contents 500000 summary 0 01 US Labor March 2009 2009 20092009 2009February 2010June August November 20102011 2011 2011 20112011 2011February 2012JuneAugust 2012 2012 market trends April 2009 August November 20092010 2010 2010 20102010 2010February 2011June August November 20112012 2012 2012 2012 May July October 2009 2009 May July October 2010 2010 May July October 2011 2011 May July June 2009 September January April 2010 2010 December March September January April 2011 2011 December March September January April 2012 2012 December March September 02 US regional labor trends 03 most heavily impacted sectors 04 US labor market outlook US JOB openings (MAR 2009 to Sept 2012) 05 major announced US job layoffs 4,000,000 about this report 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 0 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 July 2012 August 2012 September 2012 Source: US Bureau of Labor Statistics the improvement in the labor market in the third quarter may be short-lived. There is expected to be a worsening in the final months of 2012 due to the devastation caused by the storm.
  • 7. home 7 | Employment Restructuring Report | united states edition Q4 2012 contents summary 01 US Labor market trends 02 US regional labor trends 02 03 most heavily ➔ All four US census The biggest improvement based nature of the economic impacted sectors regions experienced falls occurred in the West, where recovery that is now emerging. 04 US labor market outlook in the number of layoffs approximately 79,000 jobs 05 major during the quarter. were lost, some 53,000 less Among the states, California announced US job layoffs than in the previous quarter. recorded the largest number US regional The highest number of layoffs of layoffs, followed by New about this report labor occurred in the South, with 106,276 jobs disappearing, There was also a big improvement in the Northeast, York, Illinois and Pennsylvania. trends approximately 11,500 fewer where layoffs totaled 67,653, Approximately 87% of the claims associated with than in the previous quarter. approximately 46,000 less than in the second quarter of 2012. layoffs in the quarter were The Midwest saw a in metropolitan areas. marginal improvement, In both the Northeast and with approximately 80,000 the West, the rate of layoffs layoffs, some 10,000 less were at recent historic lows, than the previous quarter. reflecting the more broad-
  • 8. home 8 | Employment Restructuring Report | united states edition Q4 2012 contents 0 summary Northeast South Midwest West 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 (Q1 2010 to Q3 2012) 05 major announced US job layoffs 200,000 about this The biggest report improvement occurred in the West, 150,000 where approximately 79,000 jobs were lost, some 53,000 less 100,000 than in the previous quarter. 50,000 0 Northeast South Midwest West Source: US Bureau of Labor Statistics Q1 2010 Q2 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Q3 2011 Q4 2011 Q1 2012 Q2 2012 Q3 2012
  • 9. home 9 | Employment Restructuring Report | united states edition Q4 2012 contents summary 01 US Labor market trends 02 US regional labor trends 03 03 most heavily ➔ The manufacturing approximately 41,500 Across industry, job openings impacted sectors sector recorded a spike in were largely unchanged 04 US labor layoffs, attributed largely to market outlook layoffs during the third quarter, contract completion. The across most sectors, with the 05 major announced with almost 129,000 jobs sector has experienced a exception of manufacturing, US job layoffs most disappearing, approximately 50,000 above the previous consistent downward pattern of layoffs in recent quarters. where openings fell approximately 74,000 in about this report heavily quarter and the highest the quarter to 238,000, The retail sector saw a decline and professional business impacted quarterly loss this year. Manufacturing accounted in the number of layoffs, down services, where openings were sectors for 38% of all layoffs in the to a recent low of 26,950. down 64,000 to 651,000. quarter. The layoffs were Construction, transport The construction sector also blamed largely on slack work and warehousing, and suffered a drop of 4,000 and insufficient demand. government all experienced openings in the quarter. The administrative and significant reductions in waste services sector had layoffs in the quarter.
  • 10. 30000 home 10 | Employment Restructuring Report | united states edition Q4 2012 contents summary 0 Administrative and Retail Transportation and warehousing Healthcare and social assistance services insuranceand recreation Real estate Manufacturing waste trade services Construction Government AccommodationProfessional and technical trade Information and food services Wholesale entertainment Finance and Arts, Educational services Mining 01 US Labor market trends 02 US regional labor trends 03 most heavily impacted sectors 04 US labor market outlook announced US job layoffs by industry sector – NON-FARM (Q4 2011 to Q3 2012) 05 major announced 150,000 US job layoffs about this Q4 2011 report Q1 2012 120,000 Q2 2012 Q3 2012 90,000 Manufacturing accounted for 38% 60,000 of all layoffs in the quarter. They were blamed largely 30,000 on slack work and insufficient demand. 0 Manufacturing Administrative and waste services Retail trade Construction Transportation and warehousing Government Information Accommodation and food services Healthcare and social assistance Professional and technical services Wholesale trade Finance and insurance Arts, entertainment and recreation Educational services Mining Real estate Source: US Bureau of Labor Statistics
  • 11. home 11 | Employment Restructuring Report | united states edition Q4 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 (DEC 2010 to SEPT 2012) 05 major announced US job layoffs 800,000 Dec 2010 about this report S 700,000 March 2011 600,000 June 2011 J Sept 2011 Dec 2011 500,000 March 2012 M June 2012 400,000 Sept 2012 D 300,000 S 200,000 professional J business services 100,000 job openings were 0 M down 64,000 to Education and Health Services Professional Business Services Trade, Transportation and Utilities Leisure and Hospitality Government Manufacturing Construction 651,000. D Source: US Bureau of Labor Statistics
  • 12. home 12 | Employment Restructuring Report | united states edition Q4 2012 contents summary 01 US Labor market trends 02 US regional labor trends 04 03 most heavily ➔ The US jobs market In the past 12 months, the throughout 2013, before In China, factory output is at impacted sectors is seeing continued steady private sector has added growing at 1.3% in 2014. its highest level in more than 04 US labor market outlook improvement as the 1.9 million jobs, while the a year, suggesting that the 05 major public sector has lost 42,000 For the US, the OECD says announced broader economy gathers economy is rebounding after US job layoffs jobs. The stronger than that provided the fiscal cliff US labor strength and private sector activity slowly returns. expected September quarter is avoided, the country will months of slowing growth. about this report market The growth outlook for the GDP figures, a recovery record just 2% growth in 2013 before rising to 2.8% in In the near term, the US economy and labor market in the housing market, outlook US remains positive but stronger durable goods 2014. If something really goes will see steady improvement, hesitant, largely as a result orders, and a four-year high wrong in Europe, even those notwithstanding a likely dip of the myriad international in the Conference Board’s predictions will look rosy. in the final quarter due to the worries and the domestic consumer confidence index effects of Hurricane Sandy. We are likely to see ongoing uncertainty surrounding all suggest that conditions fiscal and monetary stimulus For 2013, it will be a more the budget stalemate. in the US are improving. across G7 countries for some complex story, dependent The unsettling European time yet. Japan is the latest on the volatile political, situation is the big unknown. country to begin stimulating its social and economic The OECD predicts economy ahead of upcoming fortunes of the eurozone that the eurozone will elections and the prospect and whether that assists or remain in recession or flat of another recession. negates the US recovery.
  • 13. home 13 | Employment Restructuring Report | united states edition Q4 2012 contents summary 01 US Labor market trends 02 US regional labor trends 05 03 most heavily Organization Total (approx) Industry Month impacted sectors 04 US labor Actelion 135 Pharmaceutical July market outlook Alcatel Lucent 5,000 Telecommunications July 05 major Alloy Surfaces 145 Manufacturing September announced US job layoffs Alorica, Cutler Bay 127 Health/Medical September major Alta Bates Summit Medical Center 370 Aviation September about this report announced American Airlines 40 Aviation July American Airlines 4,400 Aviation September US job American Airlines, Miami International Airport American Power Source 63 Aviation 50 Resources/Utilities July September layoffs American Showa Inc. 173 Resources/Utilities August American Showa Inc, Blanchester 170 Resources/Utilities August July to SEPT 2012 Apollo Group Inc 70 Education July Applied Materials Inc, Gloucester 55 Manufacturing September Ashford University 450 Education September AstraZeneca, MedImmune 200 Pharmaceutical July Autodesk Inc 500 Arts/Media/Entertainment August Autodesk Inc 70 Arts/Media/Entertainment September Avid Technology Inc 360 Technology July B/E Aerospace Inc, Holtsville 55 Aerospace/Defense July BAE Systems, San Francisco 95 Aerospace/Defense September Baker Victory Services 143 Community Services August Bank of America 55 Banking/Finance July Bank of America 16,000 Banking/Finance September BankAtlantic, Fort Lauderdale 365 Banking/Finance August Bath Iron Works 88 Manufacturing September Bath Iron Works 38 Manufacturing September Bayer CropScience 250 Manufacturing July Beaverton Oregon 204 Education July Behlen Manufacturing 35 Manufacturing August Best Buy 2,400 Retail July
  • 14. home 14 | Employment Restructuring Report | united states edition Q4 2012 contents summary 01 US Labor market trends 02 US regional labor trends 05 03 most heavily Organization Total (approx) Industry Month impacted sectors 04 US labor Best Buy 2,000 Retail September market outlook Bimbo Bakeries, Sunbury 30 Manufacturing September 05 major Blackboard Inc 90 Technology September announced US job layoffs BMO Harris Bank 37 Banking/Finance September about this Bookit.com 80 Technology August report Boston Children’s Hospital 255 Health/Medical September Brillion Iron Works 198 Manufacturing August Brooks Automation Inc. 150 Technology September C.R. Bard NY 55 Manufacturing July California Pacific Medical Center 120 Health/Medical August Capital Health 175 Health/Medical July Capital One, Bethesda 80 Banking/Finance July Capital One, Tigard 217 Banking/Finance September Caterpillar Inc, Lafayette 167 Manufacturing August Chester County, Pennsylvania 30 Public Sector July Chromalloy, Nevada 100 Aerospace/Defense September Chromalloy, Nevada 48 Aerospace/Defense September Chromalloy, San Antonio 57 Aerospace/Defense September Cisco Systems Inc 1,300 Technology July Citigroup Inc. 350 Banking/Finance July City of Milpitas 43 Public Sector July City of Tacoma 200 Public Sector September Clifford Jacobs Forging Co. 36 Manufacturing September Clipper Windpower 174 Manufacturing August Codexis Inc 133 Pharmaceutical September Colorado Boys Ranch YouthConnect 100 Community Services July Comair Inc, Detroit Metro Airport 524 Aviation August Comcast Cable 89 Telecommunications August Comcast, Tinley Center 106 Telecommunications August Community Memorial Health System 31 Health/Medical September
  • 15. home 15 | Employment Restructuring Report | united states edition Q4 2012 contents summary 01 US Labor market trends 02 US regional labor trends 05 03 most heavily Organization Total (approx) Industry Month impacted sectors 04 US labor CompuCom Systems Inc 61 Technology September market outlook Conservation Services Group Inc 40 Community Services September 05 major Corning Cable Systems 90 Telecommunications August announced US job layoffs Covidien Surgical Solutions, Boulder Colorado 35 Health/Medical August about this Crane & Co. 55 Manufacturing August report Crane & Co. 200 Manufacturing July Credit Suisse, New York 138 Banking/Finance July CVS Caremark, Miramar 178 Health/Medical August Davie Hospital 40 Health/Medical August Dendreon Corp. 145 Pharmaceutical September Department of Children and Family Services, Illinois 600 Public Sector July Department of Labor and Training, Rhode Island 67 Public Sector July Devereux 153 Health/Medical September DeVry Inc 570 Education July DineEquity Inc 100 Technology August Disney Interactive 50 Arts/Media/Entertainment September East St. Louis School District 50 Education August Eastman Kodak 1,000 Technology September Englewood Hospital and Medical Center 70 Health/Medical September ETM Enterprise, Grand Ledge, Michigan 100 Manufacturing September Exelon Corp. 170 Resources/Utilities August Exide Technologies Frisco Facility 120 Technology September Express Script Holding 283 Health/Medical September Express Scripts Holding Co, New Jersey 258 Health/Medical July Express Scripts Inc at Liberty Medical Supply Inc, 84 Health/Medical August Florida Fair Isaac Corp. 31 Banking/Finance August Family Resources, Iowa 45 Community Services July Faurecia 150 Manufacturing September Faurecia plant, Dexter Missouri 150 Manufacturing September