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2013


employment
restructuring
                             1
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 Q1 2013




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.

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

                                         03                                                 in 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/21
                                                                                                                            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,
                                         Announced US job layoffs by region P/8                                             completeness,
                                                                                                                            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 Q1 2013                                                                                                                contents
                                                                                                                                                                                   summary
                                                                                                                                                                                   01 US Labor
                                                                                                                                                                                   market trends
                                                                                                                                                                                   02 US regional
                                                                                                                                                                                   labor trends
                                                                                                                                                                                   03 most heavily

summary                                  ➔      The US economy
                                         enters 2013 with confidence
                                                                           A big falloff in defense
                                                                           spending was the main drag
                                                                                                             reach of its unemployment
                                                                                                             target of 6.5%
                                                                                                                                                by the impact of Hurricane
                                                                                                                                                Sandy on businesses in
                                                                                                                                                                                   impacted sectors
                                                                                                                                                                                   04 US labor
                                                                                                                                                                                   market outlook
                                         returning, and positive signs     on the weaker GDP outcome                                            New Jersey and New York.           05 major
                                         in a number of segments                                             The monetary expansion will        Meanwhile, job openings            announced
                                                                           in the final quarter of 2012.                                                                           US job layoffs
                                         including the labor market.                                         be all the more important in       have held at around the
                                                                           Elsewhere in the economy,                                                                               about this
                                                                                                             offsetting the rolling series of   3.6 million mark, reflecting the   report
                                                                           there were more positive signs
   A big falloff in                      The meager 0.1% expansion                                           spending cuts that will occur      improving trend.
                                                                           including in employment,
   defense spending                      in the US economy in the final                                      under the sequester aimed at
                                                                           housing and manufacturing.
   was the main drag                     quarter of 2012 was an abrupt                                       cutting the budget deficit.        Growth in the US is tipped to
   on the weaker GDP                     reminder that the recovery is                                                                          continue on track and gain
                                                                           With 12.3 million people
   outcome in the final                  still fragile, with the broader                                     The policy settings suggest        momentum during the second
                                                                           unemployed and the jobless
   quarter of 2012.                      economy having advanced                                             steady expansion and               half. There is now a host of
                                                                           rate stuck at around 7.9% there
                                         2.2% over the full year.                                            employment growth. The             positive signs, notably a pick
                                                                           is likely to be no immediate
                                                                                                             numbers continue to please,        up in manufacturing activity,
                                                                           easing in the Federal Reserve’s
                                                                                                             with 157,000 new jobs to           a record high on the share
                                                                           monetary expansion, meaning
                                                                                                             be created in the new year         market and encouraging news
                                                                           the foot remains on the
                                                                                                             and revisions that added an        internationally, with Japan also
                                                                           growth accelerator for the
                                                                                                             additional 150,000 new jobs in     in stimulus mode and China
                                                                           foreseeable future.
                                                                                                             the final quarter of 2012.         resuming growth.

                                                                           Confirmation that the Federal                                        Domestically, consumer
                                                                                                             Despite the slower growth in
                                                                           Reserve will sustain its                                             spending is still weak and on
                                                                                                             the final months of last year,
                                                                           quantitative easing program                                          the global front, the eurozone
                                                                                                             more than 600,000 new jobs
                                                                           indicates it is less worried                                         remains a concern, with t
                                                                                                             were created.
                                                                           about inflation and more                                             he major economies
                                                                           concerned with boosting the       Mass layoffs jumped in the         still contracting.
                                                                           recovery and getting within       final quarter of 2012, boosted
home

4 | Employment Restructuring Report | united states edition Q1 2013                                                                                                                 contents
                                                                                                                                                                                    summary
                                                                                                                                                                                    01 US Labor
                                                                                                                                                                                    market trends
                                                                                                                                                                                    02 US regional
                                                                                                                                                                                    labor trends




01
                                                                                                                                                                                    03 most heavily
                                         ➔      There was a blip in      for only a small part of the        in some areas accompanied        Job openings have been                impacted sectors

                                         the number of mass layoffs      increase. The construction                                           remarkably stable at this             04 US labor
                                                                                                             by attrition in others.                                                market outlook
                                         in the final quarter of 2012    industry reported a higher                                           level for the past year, even         05 major
                                         as reflected in the quarterly   than usual increase in layoffs,     Job gains are being seen in      the breakdown between                 announced
                                                                                                                                                                                    US job layoffs
                                         initial claims data from the    largely associated with the         mining, retail, health care      government and private
US labor                                 Bureau of Labor Statistics.     completion of seasonal work.        and wholesale trade while        sectors has held steady.
                                                                                                                                                                                    about this
                                                                                                                                                                                    report


market                                   Almost 547,000 workers          The manufacturing sector
                                                                                                             losses are occurring in
                                                                                                                                              There have been increases in

trends
                                                                                                             transport and warehousing.
                                         were affected by layoffs in     also suffered a reversal                                             job openings over the course
                                         the December quarter, up        with layoffs rising, particularly                                    of the year in retail, real estate,
                                                                                                             Job openings are maintaining
                                         from 332,000 in the             in the transport and food                                            education, health care and
                                                                                                             a steady improvement,
                                         September quarter and the       production sectors.                                                  social assistance but decreases
                                                                                                             standing at approximately 3.6
                                         highest in three years.                                                                              in mining and professional and
                                                                         The data reflect a degree           million at the start of 2013.
                                                                                                                                              business services.
                                         The disruption wreaked by       of volatility in the labor          This compares with 2.4 million
                                         Hurricane Sandy accounted       market, with new jobs growth        at the end of the recession.




                                                                                                                                                                                           
home
                                            400000
5 | Employment Restructuring Report | united states edition Q1 2013                                                                                                                                                                                                                                                                            contents
                                                                                                                                                                                                                                                                                                                                               summary
                                                                                                                                                                                                                                                                                                                                               01 US Labor
                                                                                                                                                                                                                                                                                                                                               market trends
                                            200000
                                              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
                                                   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 2012/Q4                                                                                                                                                                             02 US regional
                                                                                                                                                                                                                                                                                                                                               labor trends
                                                                                                                                                                                                                                                                                                                                               03 most heavily
                                                                                                                                                                                                                                                                                                                                               impacted sectors
                                                                                                                                                                                                                                                                                                                                               04 US labor
                                                                                                                                                                                                                                                                                                                                               market outlook
                                         US mass layoffs (Q1 2006 to Q4 2012)                                                                                                                                                                                                                                                                  05 major
                                                                                                                                                                                                                                                                                                                                               announced
                                                                                                                                                                                                                                                                                                                                               US job layoffs
                                         1,000,000                                                                                                                                                                                                                                                                                             about this
                                                                                                                                                                                                                                                                                                                                               report
   The disruption
   wreaked by Hurricane
   Sandy accounted                         800,000
   for only a small
   part of the increase.
   The construction
                                           600,000
   industry reported a
   higher than usual
   increase in layoffs,
                                           400,000
   largely associated
   with the completion of
   seasonal work.
                                           200,000
                                                       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
                                                                                                                                                                                                                                                                                                                                     2012/Q4
                                                                                                                                                                                                                                                                         Source: US Bureau of Labor Statistics
1000000
                                                                                                                                                                                     home

6 | Employment Restructuring Report | united states edition Q1 2013                                                                                                                  contents
                                           500000
                                                                                                                                                                                     summary

                                                  0                                                                                                                            01 US Labor
                                                  June August November 20092010 2010 2010 20102010 2010February 2011June August November 20112012 2012 2012 2012 December 2012 market trends
                                                     July 20092009 2009February 2010June August November 20102011 2011 2011 20112011 2011February 2012JuneAugust November 2012
                                                       2009October 2009 2009 May July October 2010 2010 May July October 2011 2011 May July October 2012
                                                        September January April 2010 2010
                                                                December March            September January April 2011 2011
                                                                                                  December March          September January April 2012 2012 2012 2012
                                                                                                                                  December March           September
                                                                                                                                                                                     02 US regional
                                                                                                                                                                                     labor trends
                                                                                                                                                                                     03 most heavily
                                                                                                                                                                                     impacted sectors
                                                                                                                                                                                     04 US labor
                                                                                                                                                                                     market outlook
                                         US JOB openings (JUNE 2009 to DEC 2012)                                                                                                     05 major
                                                                                                                                                                                     announced
                                                                                                                                                                                     US job layoffs
                                         4,000,000                                                                                                                                   about this
                                                                                                                                                                                     report
   There have been
                                         3,500,000
   increases in job
   openings over the                     3,000,000
   course of the year
                                         2,500,000
   in retail, real estate,
   education, health care                2,000,000
   and social assistance.
                                         1,500,000

                                         1,000,000

                                           500,000

                                                  0
                                                            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
                                                        October 2012
                                                      November 2012
                                                       December 2012
                                                                                                                                             Source: US Bureau of Labor Statistics
home

7 | Employment Restructuring Report | united states edition Q1 2013                                         contents
                                                                                                            summary
                                                                                                            01 US Labor
                                                                                                            market trends
                                                                                                            02 US regional
                                                                                                            labor trends




02
                                                                                                            03 most heavily
                                         ➔      There were increases       The west is the only region to   impacted sectors

                                         in layoffs experienced across     have experienced a decline in    04 US labor
                                                                                                            market outlook
                                         all the major regions of the US   the number of layoffs over the   05 major
                                         in the final quarter of 2012.     course of 2012 – all the other   announced
                                                                                                            US job layoffs
                                                                           regions suffered increases,
US regional                              The midwest had the highest       with the worst performance in
                                                                                                            about this
                                                                                                            report


labor                                    number of layoffs, with almost
                                         149,000 jobs disappearing,
                                                                           the northeast, where layoffs
                                                                           almost doubled in a year.
trends                                   largely due to a downturn in
                                         the construction sector.
home

8 | Employment Restructuring Report | united states edition Q1 2013                                                                 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 (Q2 2010 to Q4 2012)                                    05 major
                                                                                                                                    announced
                                                                                                                                    US job layoffs
                                         200,000
                                                                                                                                    about this
                                                                                                                                    report



                                         150,000




                                         100,000




                                          50,000




                                                0
                                                                Northeast                   South   Midwest        West
                                                    Source: US Bureau of Labor Statistics
                                                                                                              Q2 2010     Q4 2011
    The Midwest had                                                                                           Q3 2010     Q1 2012
                                                                                                              Q4 2010     Q2 2012
    the highest number                                                                                                    Q3 2012
                                                                                                              Q1 2011
    of layoffs, with                                                                                          Q2 2011     Q4 2012
                                                                                                              Q3 2011
    almost 149,000 jobs
    disappearing, largely
    due to a downturn
    in the construction
    sector.
home

9 | Employment Restructuring Report | united states edition Q1 2013                                                                                                   contents
                                                                                                                                                                      summary
                                                                                                                                                                      01 US Labor
                                                                                                                                                                      market trends
                                                                                                                                                                      02 US regional
                                                                                                                                                                      labor trends




03
                                                                                                                                                                      03 most heavily
                                         ➔      The manufacturing           The Food and                 Job openings remained largely    The only sector to see      impacted sectors

                                         sector suffered the brunt of the   Accommodation sector                                          significantly lower job     04 US labor
                                                                                                         steady across the board and                                  market outlook
                                         layoffs during the December        also experienced the         across most industry sectors.    openings in the quarter     05 major
                                                                                                                                          was Professional Business   announced
                                         quarter, with 161,000 positions    impact of tight seasonal                                                                  US job layoffs
                                                                                                                                          Services, which also went
most                                     abolished, accounting for          conditions, which saw        One area that experienced                                    about this
                                                                                                                                                                      report
                                         almost one-third of all layoffs.   60,000 positions scrapped.   some improvement was             against the trend over

heavily                                  There was a steep                  Transportation and
                                                                                                         Trade, Transportation and
                                                                                                                                          the course of the year.


impacted                                 deterioration in Construction      Warehousing worsened,
                                                                                                         Utilities, where job vacancies
                                                                                                         rose during the final months
sectors                                  activity that saw 66,000
                                         construction jobs go, the
                                                                            with 41,500 individuals
                                                                            laid off, while 21,000       of 2012. The Leisure and

                                         highest quarterly rate of          government employees         Hospitality sector also saw

                                         layoffs in two years.              were made redundant.         improved openings.
40000
                                                                                                                                                                                                                                                                                                                                                         home

10 | Employment Restructuring Report | united states edition Q1 2013                                                                                                                                                                                                                                                                                     contents
                                                                                                                                                                                                                                                                                                                                                         summary
                                                0
                                               Administrative andConstruction and food services Government technical services
                                                ManufacturingAccommodation
                                                                  wasteTransportation andRetail trade
                                                                        services          warehousing
                                                                                              Professional and Healthcare andArts, entertainment and recreation insuranceReal estate
                                                                                                                Information social assistance
                                                                                                                              Wholesale trade      Mining and
                                                                                                                                                   Finance Educational services                                                                                                                                                                          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 (Q1 2012 to Q4 2012)                                                                                                                                                                                                                                     05 major
                                                                                                                                                                                                                                                                                                                                                         announced
                                                                                                                                                                                                                                                                                                                                                         US job layoffs
                                         200,000
                                                                                                                                                                                                                                                                                                                                                         about this
                                                                                                                                                                                                                                                                                                                                         Q1 2012         report

                                                                                                                                                                                                                                                                                                                                         Q2 2012
                                         160,000
                                                                                                                                                                                                                                                                                                                                         Q3 2012
                                                                                                                                                                                                                                                                                                                                         Q4 2012

                                         120,000



                                          80,000



                                          40,000



                                                0
                                                      Manufacturing

                                                                      Administrative and
                                                                         waste services

                                                                                           Construction

                                                                                                          Accommodation and
                                                                                                               food services

                                                                                                                               Transportation and
                                                                                                                                     warehousing

                                                                                                                                                    Retail trade


                                                                                                                                                                   Government

                                                                                                                                                                                 Professional and
                                                                                                                                                                                technical services

                                                                                                                                                                                                     Information

                                                                                                                                                                                                                    Healthcare and
                                                                                                                                                                                                                   social assistance

                                                                                                                                                                                                                                       Wholesale trade


                                                                                                                                                                                                                                                         Arts, entertainment
                                                                                                                                                                                                                                                               and recreation

                                                                                                                                                                                                                                                                                Mining


                                                                                                                                                                                                                                                                                          Finance and insurance


                                                                                                                                                                                                                                                                                                                  Educational services


                                                                                                                                                                                                                                                                                                                                           Real estate
                                                                                                                                                                                                                                                                                 Source: US Bureau of Labor Statistics




                                                            The Manufacturing sector suffered the brunt of the layoffs
                                                            during the December quarter, with 161,000 positions abolished.
home

11 | Employment Restructuring Report | united states edition Q1 2013                                                                                                                                     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 (MAR 2011 to DEC 2012)                                                                                                        05 major
                                                                                                                                                                                                         announced
                                                                                                                                                                                                         US job layoffs
                                         800,000

   One area that                                                                                                                                                                     March 2011
                                                                                                                                                                                                         about this
                                                                                                                                                                                                         report             M
                                         700,000                                                                                                                                     June 2011
   has experienced
   some improvement                      600,000
                                                                                                                                                                                     Sept 2011                              J
                                                                                                                                                                                     Dec 2011
   was Trade,
   Transportation
                                         500,000
                                                                                                                                                                                     March 2012
                                                                                                                                                                                     June 2012
                                                                                                                                                                                                                            S
   and Utilities, where
   job vacancies rose
                                         400,000                                                                                                                                     Sept 2012
                                                                                                                                                                                     Dec 2012                               D
                                         300,000
   during the final
   months of 2012.
                                                                                                                                                                                                                            M
                                         200,000
                                                                                                                                                                                                                            J
                                         100,000

                                                0
                                                                                                                                                                                                                            S
                                                           Education and
                                                          Health Services




                                                                            Trade, Transportation
                                                                                      and Utilities




                                                                                                           Professional
                                                                                                      Business Services




                                                                                                                          Leisure and Hospitality




                                                                                                                                                    Government




                                                                                                                                                                 Manufacturing




                                                                                                                                                                                        Construction
                                                                                                                                                                                                                            D


                                                                                                                                                                 Source: US Bureau of Labor Statistics
home

12 | Employment Restructuring Report | united states edition Q1 2013                                                                                                              contents
                                                                                                                                                                                  summary
                                                                                                                                                                                  01 US Labor
                                                                                                                                                                                  market trends
                                                                                                                                                                                  02 US regional
                                                                                                                                                                                  labor trends




04
                                                                                                                                                                                  03 most heavily
                                         ➔      The labor market is       but for the moment these           The IMF is forecasting 2%          Weak banks in Europe are also     impacted sectors

                                         likely to benefit from the       are seen as the lesser evils.      GDP growth for the US in                                             04 US labor
                                                                                                                                                acting as a drag on growth        market outlook
                                         more broad-based recovery                                           2013, with the pace of activity    and a potential flashpoint        05 major
                                                                          There are clearly some                                                                                  announced
                                         that is now occurring in                                            quickening in the second half.     unless non-performing loans,      US job layoffs
                                                                          divisions emerging at top
                                         the US and in some parts
US labor                                 of the global economy.
                                                                          policy levels as to when is
                                                                                                             That rate of growth may well
                                                                                                             be exceeded if, as now seems
                                                                                                                                                write downs and capital           about this
                                                                                                                                                                                  report
                                                                                                                                                injections can be managed.
market                                   The early part of 2013 has
                                                                          the best time to withdraw
                                                                          the Federal Reserve’s
                                                                                                             likely, the quantitative easing
                                                                                                                                                Europe will not return to
outlook
                                                                                                             measures are sustained, and
                                         been characterized by a          monetary stimulus. All the
                                                                                                             provided Congress can avoid        growth until 2014, so for the
                                         definite shift in business and   signs suggest that there
                                                                                                             a series of automatic spending     rest of this year, it will be a
                                         investor sentiment, largely      will be no withdrawal until
                                                                                                             cuts due to start in March.        two-track global economy,
                                         flowing from the passing         the unemployment rate
                                         of the fiscal cliff in the US    has started to show some                                              fuelled by a tepid US recovery,
                                                                                                             The major risks to the US
                                         and the easing of fears          substantial improvement.                                              a resurgent China, and Japan,
                                                                                                             recovery probably stem from
                                         surrounding the eurozone                                                                               with a new leader determined
                                                                                                             the continued unsettling
                                                                          The mandatory budget
                                         sovereign debt situation.                                                                              to snap a 20-year slump on
                                                                          cuts under sequestration           economic and political
                                                                                                                                                the back of money printing.
                                         Monetary expansion in            will have a contractionary         situation in Europe, where the

                                         the US and Japan, and a          impact but may not be as           region is expected to contract
                                                                                                                                                If the share markets are any
                                         series of global currency        debilitating as some believed.     once again during 2013.
                                                                                                                                                guide then 2013 will be
                                         devaluations, are making the
                                                                                                             Only a handful of economies        a bumper year but there
                                                                          There are positive signs
                                         biggest economies more
                                                                          coming from China where            will record positive growth        are more than enough
                                         competitive and helping
                                                                          manufacturing activity has         and unemployment remains           potholes to suggest it will
                                         to sustain the recovery.
                                                                          hit a two-year high, and from      high, while political and social   be a most interesting ride!
                                         The flip side of quantitative    Germany, the engine room           unease is always a risk as
                                         easing is the problem of         of the EU, where business          governments grapple with
                                         inflation and debt reduction,    confidence is at a record level.   multiple policy problems.
home

13 | Employment Restructuring Report | united states edition Q1 2013                                                                           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
                                          Abbott Laboratories                                        550 Health and medical         October
                                                                                                                                               market outlook
                                          Advance Auto Parts Andersonville                             80 Manufacturing             November   05 major
                                          Advanced Micro Devices                                   1,770 Technology                 October    announced
                                                                                                                                               US job layoffs
                                          Adventist Health                                             48 Health and medical        November
major                                     Aerodynamics Inc                                             86 Aerospace                 December
                                                                                                                                               about this
                                                                                                                                               report


announced
                                          Aetna Inc Connecticut                                        80 Insurance                 October
                                          AFL Quality Inc.                                             63 Business Services         November

US job                                    Air National Guard
                                          Allegany Ballistics Laboratory, West Virginia
                                                                                                       71 Aviation
                                                                                                       50 Defense
                                                                                                                                    October
                                                                                                                                    November

layoffs                                   Allonhill LLC
                                          AM General
                                                                                                     140 Banking and finance
                                                                                                     100 Defense
                                                                                                                                    December
                                                                                                                                    December
OCT to DEC 2012                           AM General Indiana                                         400 Defense                    December
                                          American Airlines                                            73 Aviation                  December
                                          American Airlines, Nashville and Memphis                   100 Aviation                   October
                                          American Airlines, Tulsa                                   450 Aviation                   October
                                          American Coal                                                54 Resources and utilities   November
                                          American Fuel Cells and Coated Fabrics (Amfuel)              40 Manufacturing             October
                                          Ameridose LLC                                              650 Pharmaceuticals            November
                                          Amsted Rail                                                  94 Transport                 October
                                          Anchorage School District, Alaska                          100 Education                  November
                                          Anderson Tully Company                                       80 Manufacturing             December
                                          Anglo American Platinum                                 12,000 Mining                     October
                                          Applied Materials                                          900 Manufacturing              October
                                          APS Healthcare                                             133 Health and medical         October
                                          AT&T, Connecticut                                          106 Telecommunications         December
                                          AT&T, Southeast operations                                 300 Telecommunications         December
                                          Aveo Oncology                                                45 Health and medical        October
                                          Awrey’s, Michigan                                          150 Food and beverage          November
                                          Bank of America, Glendale                                  281 Banking and finance        December
                                          BASF                                                       400 Manufacturing              October
                                          Bigpoint                                                   120 Media and entertainment    October
home

14 | Employment Restructuring Report | united states edition Q1 2013                                                                              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
                                          Bigpoint Games, San Francisco                                   47 Media and entertainment   November
                                                                                                                                                  market outlook
                                          BlueCross BlueShield, Tennessee                               100 Insurance                  October    05 major
                                          Boeing                                           30% of Executives Aerospace                 November   announced
                                                                                                                                                  US job layoffs
                                          Bogalusa Medical Center                                         47 Health and medical        November
                                                                                                                                                  about this
                                          Bostwick Laboratories Inc.                                      90 Health and medical        December   report
                                          Brake Parts LLC                                                 75 Manufacturing             November
                                          Bristol Myers                                                 480 Pharmaceuticals            November
                                          Brooks Automation                                             100 Manufacturing              December
                                          ButterKrust Bakery, Lakeland Florida                            32 Food and Beverage         October
                                          C.R. Bard, Queensbury New York                                  54 Manufacturing             November
                                          California Correctional Health Care                         2,200 Health and medical         December
                                          Cardinal Health, Albuquerque                                  150 Health and medical         October
                                          CCS Medical, Tampa Bay                                          82 Health and medical        October
                                          Celgard                                                         40 Manufacturing             December
                                          Center for Hospice / Palliative Care, New York                  40 Health and medical        November
                                          Chesapeake Energy                                             275 Resources and utilities    December
                                          Choice Hotel International, Colorado                          100 Accommodation              October
                                          Cigna                                                       1,300 Insurance                  November
                                          Citigroup Inc                                              11,000 Banking and finance        December
                                          Citigroup Securities Unit                                     150 Banking and finance        November
                                          City of Atwater, California                                     38 Government                October
                                          City of Miami, Oklahoma                                         50 Government                December
                                          CityGrid                                                        60 Media and entertainment   October
                                          Cliffs Natural Resources                                      625 Mining                     November
                                          Coda Automotive                                                 50 Manufacturing             December
                                          Colgate Palmolive Co                                        2,300 Health and medical         October
                                          Condé Nast                                                      60 Media and entertainment   October
                                          Consol Energy, West Virginia                                  145 Resources and utilities    October
                                          Cooper Green Mercy Hospital, Alabama                          200 Health and medical         December
                                          Corning, Erwin New York                                       100 Manufacturing              November
                                          Credit Suisse Group, New York                                 120 Banking and finance        December
U.S. Employment Restructuring Report Q1 2013
U.S. Employment Restructuring Report Q1 2013
U.S. Employment Restructuring Report Q1 2013
U.S. Employment Restructuring Report Q1 2013
U.S. Employment Restructuring Report Q1 2013
U.S. Employment Restructuring Report Q1 2013
U.S. Employment Restructuring Report Q1 2013

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U.S. Employment Restructuring Report Q1 2013

  • 1. 2013 employment restructuring 1 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 Q1 2013 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. 02 It aims to provide a summary of the leading US regional labor trends p/7 factors contributing to labor and hiring conditions 03 in 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/21 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, Announced US job layoffs by region P/8 completeness, 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 Q1 2013 contents summary 01 US Labor market trends 02 US regional labor trends 03 most heavily summary ➔ The US economy enters 2013 with confidence A big falloff in defense spending was the main drag reach of its unemployment target of 6.5% by the impact of Hurricane Sandy on businesses in impacted sectors 04 US labor market outlook returning, and positive signs on the weaker GDP outcome New Jersey and New York. 05 major in a number of segments The monetary expansion will Meanwhile, job openings announced in the final quarter of 2012. US job layoffs including the labor market. be all the more important in have held at around the Elsewhere in the economy, about this offsetting the rolling series of 3.6 million mark, reflecting the report there were more positive signs A big falloff in The meager 0.1% expansion spending cuts that will occur improving trend. including in employment, defense spending in the US economy in the final under the sequester aimed at housing and manufacturing. was the main drag quarter of 2012 was an abrupt cutting the budget deficit. Growth in the US is tipped to on the weaker GDP reminder that the recovery is continue on track and gain With 12.3 million people outcome in the final still fragile, with the broader The policy settings suggest momentum during the second unemployed and the jobless quarter of 2012. economy having advanced steady expansion and half. There is now a host of rate stuck at around 7.9% there 2.2% over the full year. employment growth. The positive signs, notably a pick is likely to be no immediate numbers continue to please, up in manufacturing activity, easing in the Federal Reserve’s with 157,000 new jobs to a record high on the share monetary expansion, meaning be created in the new year market and encouraging news the foot remains on the and revisions that added an internationally, with Japan also growth accelerator for the additional 150,000 new jobs in in stimulus mode and China foreseeable future. the final quarter of 2012. resuming growth. Confirmation that the Federal Domestically, consumer Despite the slower growth in Reserve will sustain its spending is still weak and on the final months of last year, quantitative easing program the global front, the eurozone more than 600,000 new jobs indicates it is less worried remains a concern, with t were created. about inflation and more he major economies concerned with boosting the Mass layoffs jumped in the still contracting. recovery and getting within final quarter of 2012, boosted
  • 4. home 4 | Employment Restructuring Report | united states edition Q1 2013 contents summary 01 US Labor market trends 02 US regional labor trends 01 03 most heavily ➔ There was a blip in for only a small part of the in some areas accompanied Job openings have been impacted sectors the number of mass layoffs increase. The construction remarkably stable at this 04 US labor by attrition in others. market outlook in the final quarter of 2012 industry reported a higher level for the past year, even 05 major as reflected in the quarterly than usual increase in layoffs, Job gains are being seen in the breakdown between announced US job layoffs initial claims data from the largely associated with the mining, retail, health care government and private US labor Bureau of Labor Statistics. completion of seasonal work. and wholesale trade while sectors has held steady. about this report market Almost 547,000 workers The manufacturing sector losses are occurring in There have been increases in trends transport and warehousing. were affected by layoffs in also suffered a reversal job openings over the course the December quarter, up with layoffs rising, particularly of the year in retail, real estate, Job openings are maintaining from 332,000 in the in the transport and food education, health care and a steady improvement, September quarter and the production sectors. social assistance but decreases standing at approximately 3.6 highest in three years. in mining and professional and The data reflect a degree million at the start of 2013. business services. The disruption wreaked by of volatility in the labor This compares with 2.4 million Hurricane Sandy accounted market, with new jobs growth at the end of the recession. 
  • 5. home 400000 5 | Employment Restructuring Report | united states edition Q1 2013 contents summary 01 US Labor market trends 200000 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 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 2012/Q4 02 US regional labor trends 03 most heavily impacted sectors 04 US labor market outlook US mass layoffs (Q1 2006 to Q4 2012) 05 major announced US job layoffs 1,000,000 about this report The disruption wreaked by Hurricane Sandy accounted 800,000 for only a small part of the increase. The construction 600,000 industry reported a higher than usual increase in layoffs, 400,000 largely associated with the completion of seasonal work. 200,000 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 2012/Q4 Source: US Bureau of Labor Statistics
  • 6. 1000000 home 6 | Employment Restructuring Report | united states edition Q1 2013 contents 500000 summary 0 01 US Labor June August November 20092010 2010 2010 20102010 2010February 2011June August November 20112012 2012 2012 2012 December 2012 market trends July 20092009 2009February 2010June August November 20102011 2011 2011 20112011 2011February 2012JuneAugust November 2012 2009October 2009 2009 May July October 2010 2010 May July October 2011 2011 May July October 2012 September January April 2010 2010 December March September January April 2011 2011 December March September January April 2012 2012 2012 2012 December March September 02 US regional labor trends 03 most heavily impacted sectors 04 US labor market outlook US JOB openings (JUNE 2009 to DEC 2012) 05 major announced US job layoffs 4,000,000 about this report There have been 3,500,000 increases in job openings over the 3,000,000 course of the year 2,500,000 in retail, real estate, education, health care 2,000,000 and social assistance. 1,500,000 1,000,000 500,000 0 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 October 2012 November 2012 December 2012 Source: US Bureau of Labor Statistics
  • 7. home 7 | Employment Restructuring Report | united states edition Q1 2013 contents summary 01 US Labor market trends 02 US regional labor trends 02 03 most heavily ➔ There were increases The west is the only region to impacted sectors in layoffs experienced across have experienced a decline in 04 US labor market outlook all the major regions of the US the number of layoffs over the 05 major in the final quarter of 2012. course of 2012 – all the other announced US job layoffs regions suffered increases, US regional The midwest had the highest with the worst performance in about this report labor number of layoffs, with almost 149,000 jobs disappearing, the northeast, where layoffs almost doubled in a year. trends largely due to a downturn in the construction sector.
  • 8. home 8 | Employment Restructuring Report | united states edition Q1 2013 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 (Q2 2010 to Q4 2012) 05 major announced US job layoffs 200,000 about this report 150,000 100,000 50,000 0 Northeast South Midwest West Source: US Bureau of Labor Statistics Q2 2010 Q4 2011 The Midwest had Q3 2010 Q1 2012 Q4 2010 Q2 2012 the highest number Q3 2012 Q1 2011 of layoffs, with Q2 2011 Q4 2012 Q3 2011 almost 149,000 jobs disappearing, largely due to a downturn in the construction sector.
  • 9. home 9 | Employment Restructuring Report | united states edition Q1 2013 contents summary 01 US Labor market trends 02 US regional labor trends 03 03 most heavily ➔ The manufacturing The Food and Job openings remained largely The only sector to see impacted sectors sector suffered the brunt of the Accommodation sector significantly lower job 04 US labor steady across the board and market outlook layoffs during the December also experienced the across most industry sectors. openings in the quarter 05 major was Professional Business announced quarter, with 161,000 positions impact of tight seasonal US job layoffs Services, which also went most abolished, accounting for conditions, which saw One area that experienced about this report almost one-third of all layoffs. 60,000 positions scrapped. some improvement was against the trend over heavily There was a steep Transportation and Trade, Transportation and the course of the year. impacted deterioration in Construction Warehousing worsened, Utilities, where job vacancies rose during the final months sectors activity that saw 66,000 construction jobs go, the with 41,500 individuals laid off, while 21,000 of 2012. The Leisure and highest quarterly rate of government employees Hospitality sector also saw layoffs in two years. were made redundant. improved openings.
  • 10. 40000 home 10 | Employment Restructuring Report | united states edition Q1 2013 contents summary 0 Administrative andConstruction and food services Government technical services ManufacturingAccommodation wasteTransportation andRetail trade services warehousing Professional and Healthcare andArts, entertainment and recreation insuranceReal estate Information social assistance Wholesale trade Mining and Finance Educational services 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 (Q1 2012 to Q4 2012) 05 major announced US job layoffs 200,000 about this Q1 2012 report Q2 2012 160,000 Q3 2012 Q4 2012 120,000 80,000 40,000 0 Manufacturing Administrative and waste services Construction Accommodation and food services Transportation and warehousing Retail trade Government Professional and technical services Information Healthcare and social assistance Wholesale trade Arts, entertainment and recreation Mining Finance and insurance Educational services Real estate Source: US Bureau of Labor Statistics The Manufacturing sector suffered the brunt of the layoffs during the December quarter, with 161,000 positions abolished.
  • 11. home 11 | Employment Restructuring Report | united states edition Q1 2013 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 (MAR 2011 to DEC 2012) 05 major announced US job layoffs 800,000 One area that March 2011 about this report M 700,000 June 2011 has experienced some improvement 600,000 Sept 2011 J Dec 2011 was Trade, Transportation 500,000 March 2012 June 2012 S and Utilities, where job vacancies rose 400,000 Sept 2012 Dec 2012 D 300,000 during the final months of 2012. M 200,000 J 100,000 0 S Education and Health Services Trade, Transportation and Utilities Professional Business Services Leisure and Hospitality Government Manufacturing Construction D Source: US Bureau of Labor Statistics
  • 12. home 12 | Employment Restructuring Report | united states edition Q1 2013 contents summary 01 US Labor market trends 02 US regional labor trends 04 03 most heavily ➔ The labor market is but for the moment these The IMF is forecasting 2% Weak banks in Europe are also impacted sectors likely to benefit from the are seen as the lesser evils. GDP growth for the US in 04 US labor acting as a drag on growth market outlook more broad-based recovery 2013, with the pace of activity and a potential flashpoint 05 major There are clearly some announced that is now occurring in quickening in the second half. unless non-performing loans, US job layoffs divisions emerging at top the US and in some parts US labor of the global economy. policy levels as to when is That rate of growth may well be exceeded if, as now seems write downs and capital about this report injections can be managed. market The early part of 2013 has the best time to withdraw the Federal Reserve’s likely, the quantitative easing Europe will not return to outlook measures are sustained, and been characterized by a monetary stimulus. All the provided Congress can avoid growth until 2014, so for the definite shift in business and signs suggest that there a series of automatic spending rest of this year, it will be a investor sentiment, largely will be no withdrawal until cuts due to start in March. two-track global economy, flowing from the passing the unemployment rate of the fiscal cliff in the US has started to show some fuelled by a tepid US recovery, The major risks to the US and the easing of fears substantial improvement. a resurgent China, and Japan, recovery probably stem from surrounding the eurozone with a new leader determined the continued unsettling The mandatory budget sovereign debt situation. to snap a 20-year slump on cuts under sequestration economic and political the back of money printing. Monetary expansion in will have a contractionary situation in Europe, where the the US and Japan, and a impact but may not be as region is expected to contract If the share markets are any series of global currency debilitating as some believed. once again during 2013. guide then 2013 will be devaluations, are making the Only a handful of economies a bumper year but there There are positive signs biggest economies more coming from China where will record positive growth are more than enough competitive and helping manufacturing activity has and unemployment remains potholes to suggest it will to sustain the recovery. hit a two-year high, and from high, while political and social be a most interesting ride! The flip side of quantitative Germany, the engine room unease is always a risk as easing is the problem of of the EU, where business governments grapple with inflation and debt reduction, confidence is at a record level. multiple policy problems.
  • 13. home 13 | Employment Restructuring Report | united states edition Q1 2013 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 Abbott Laboratories 550 Health and medical October market outlook Advance Auto Parts Andersonville 80 Manufacturing November 05 major Advanced Micro Devices 1,770 Technology October announced US job layoffs Adventist Health 48 Health and medical November major Aerodynamics Inc 86 Aerospace December about this report announced Aetna Inc Connecticut 80 Insurance October AFL Quality Inc. 63 Business Services November US job Air National Guard Allegany Ballistics Laboratory, West Virginia 71 Aviation 50 Defense October November layoffs Allonhill LLC AM General 140 Banking and finance 100 Defense December December OCT to DEC 2012 AM General Indiana 400 Defense December American Airlines 73 Aviation December American Airlines, Nashville and Memphis 100 Aviation October American Airlines, Tulsa 450 Aviation October American Coal 54 Resources and utilities November American Fuel Cells and Coated Fabrics (Amfuel) 40 Manufacturing October Ameridose LLC 650 Pharmaceuticals November Amsted Rail 94 Transport October Anchorage School District, Alaska 100 Education November Anderson Tully Company 80 Manufacturing December Anglo American Platinum 12,000 Mining October Applied Materials 900 Manufacturing October APS Healthcare 133 Health and medical October AT&T, Connecticut 106 Telecommunications December AT&T, Southeast operations 300 Telecommunications December Aveo Oncology 45 Health and medical October Awrey’s, Michigan 150 Food and beverage November Bank of America, Glendale 281 Banking and finance December BASF 400 Manufacturing October Bigpoint 120 Media and entertainment October
  • 14. home 14 | Employment Restructuring Report | united states edition Q1 2013 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 Bigpoint Games, San Francisco 47 Media and entertainment November market outlook BlueCross BlueShield, Tennessee 100 Insurance October 05 major Boeing 30% of Executives Aerospace November announced US job layoffs Bogalusa Medical Center 47 Health and medical November about this Bostwick Laboratories Inc. 90 Health and medical December report Brake Parts LLC 75 Manufacturing November Bristol Myers 480 Pharmaceuticals November Brooks Automation 100 Manufacturing December ButterKrust Bakery, Lakeland Florida 32 Food and Beverage October C.R. Bard, Queensbury New York 54 Manufacturing November California Correctional Health Care 2,200 Health and medical December Cardinal Health, Albuquerque 150 Health and medical October CCS Medical, Tampa Bay 82 Health and medical October Celgard 40 Manufacturing December Center for Hospice / Palliative Care, New York 40 Health and medical November Chesapeake Energy  275 Resources and utilities December Choice Hotel International, Colorado 100 Accommodation October Cigna 1,300 Insurance November Citigroup Inc 11,000 Banking and finance December Citigroup Securities Unit 150 Banking and finance November City of Atwater, California 38 Government October City of Miami, Oklahoma 50 Government December CityGrid 60 Media and entertainment October Cliffs Natural Resources 625 Mining November Coda Automotive 50 Manufacturing December Colgate Palmolive Co 2,300 Health and medical October Condé Nast 60 Media and entertainment October Consol Energy, West Virginia 145 Resources and utilities October Cooper Green Mercy Hospital, Alabama 200 Health and medical December Corning, Erwin New York 100 Manufacturing November Credit Suisse Group, New York 120 Banking and finance December