The Kelly Restructuring Index is compiled by Kelly Outsourcing Group, a division of Kelly Services. It aims to provide a summary of the leading factors contributors to labor and hiring conditions in the relevant markets, with a special focus on up-to-date layoffs and job creation statistics. It is compiled from publicly available data from official, private and not-for-profit organizations.
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| united states edition Q4 2012contents Summary p/3 METHODOLOGY NOTES: The Employment 01 Restructuring Report is compiled by Kelly Services using publicly-available data US labor market trends p/4 from official, private and non-profit organizations. It 02 aims to provide a summary of the leading factors US regional labor trends p/7 contributing to labour and hiring conditions in 03 the relevant markets, with a special focus on Most heavily impacted sectors p/9 up-to-date layoffs and job creation statistics. 04 US labor market outlook p/12 05 DISCLAIMER: Major announced US job layoffs p/13 This information is provided with the understanding About this report p/23 that it is not guaranteed to be correct or complete and conclusions drawn from such information are the sole responsibility of the user. Attempts have been made to ensure that this data or documentation is accurate and reliable; Kelly Services does not assume liability for any damages caused by inaccuracies in this data or graphs documentation. Kelly Services US mass layoffs P/5 makes no warranty, expressed or implied, US job openings P/6 as to the accuracy, completeness, Announced job layoffs by US region P/8 or utility of this Announced US job layoffs by industry sector P/10 information, nor does the fact of distribution US job openings by industry sector P/11 constitute a warranty.
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| united states edition Q4 2012 contents summary 01 US Labor market trends 02 US regional labor trends 03 most heavilysummary ➔ The US labor market maintained its positive upward Private consumer spending of just 1.4% in the quarter number of reality checks. Relatively weak consumer impacted sectors 04 US labor market outlook swing in the third quarter of remains weak, and the and business spending and 05 major 2012 as the broader economy announced impact of superstorm a jump in inventories are US job layoffs produced the sharpest burst Sandy looks certain to likely to see more subdued about this report of growth so far this year. depress activity during the growth in the final quarter. Relatively weak final quarter of the year. consumer and There was genuine surprise The impact of Sandy on business spending at the 2.7% jump in GDP in The jobs market held up the Northeast is likely to and a jump in the July–September period, relatively well during the third be prolonged with some inventories are which was largely fuelled by quarter with fewer layoffs, businesses having their likely to see more government spending and higher employment, and a operations affected for more subdued growth in private inventory investment, than a month after the event. lower rate of unemployment. the final quarter. helping to sustain the A double-dip recession economic momentum. The number of layoffs fell The protracted political in the eurozone, coupled almost 122,000 during standoff on tax increases with ongoing sovereign the quarter to a total of and spending cuts to avoid debt concerns and a harsh 332,368, the lowest since the ‘fiscal cliff’ will put a austerity program suggests the third quarter of 2006. dampener on business and a period of prolonged pain. investor confidence until it The unemployment rate is resolved. It’s worth noting Japan has unleashed a has fallen to 7.7%, down that even if the December major stimulus package, from 8.7% a year earlier. 31 deadline is not met, the as the world’s third biggest Total non-farm payroll automatic tax increases economy heads toward its employment has increased and spending cuts will not fifth recession in 15 years. by 1.9 million year over year. be felt for many months. In China, latest data shows a strong rebound from The positive signs are The global economy presents the mini-slump that briefly being tempered by a a volatile and mixed picture. dampened its strong growth.
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| united states edition Q4 2012 contents summary 01 US Labor market trends 02 US regional labor trends01 03 most heavily ➔ The number of 99,851 fewer than at the same The total number of people 1.2 million more job openings impacted sectors layoffs in the third quarter time in the previous year. unemployed stood at 12.25 than at the low point of the 04 US labor market outlook of 2012 touched its lowest million, some 1.5 million recession in mid-2009. 05 major level in six years as the Another encouraging sign announced fewer than a year earlier. US job layoffs upward trend across most was that the number of However the improvement in The number of long-termUS labor sectors of the economy people employed part- unemployed (jobless the labor market in the third about this reportmarket continued to gather pace. time for economic reasons – sometimes known as for 27 weeks or more) quarter may be short-lived. There is expected to be a was 5.0 million.trends There were 332,368 layoffs involuntary part-time workers – worsening in the final months in the quarter, 121,786 fewer fell by 269,000 to 8.3 million. Job openings at the end of 2012 due to the devastation than in the June quarter and of September stood at caused by Hurricane Sandy, 3.6 million, approximately with many businesses, 200,000 fewer than at the particularly in and around previous quarter, and only a New York, experiencing slight improvement on the shutdown, and employees position from a year ago. resorting to claiming However, there are now unemployment benefits.
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Report | united states edition Q4 2012 contents summary 01 US Labor market trends 200000 2005/Q4 2006/Q2 2006/Q4 2007/Q2 2007/Q4 2008/Q2 2008/Q4 2009/Q2 2009/Q4 2010/Q2 2010/Q4 2011/Q2 2011/Q4 2012/Q2 2006/Q1 2006/Q3 2007/Q1 2007/Q3 2008/Q1 2008/Q3 2009/Q1 2009/Q3 2010/Q1 2010/Q3 2011/Q1 2011/Q3 2012/Q1 2012/Q3 02 US regional labor trends 03 most heavily impacted sectors 04 US labor market outlook US mass layoffs (Q4 2005 to Q3 2012) 05 major announced US job layoffs 1,000,000 about this report Another encouraging sign was that the number of people 800,000 employed part-time for economic reasons – sometimes known 600,000 as involuntary part- time workers – fell by 269,000 to 8.3 million. 400,000 200,000 2005/Q4 2006/Q1 2006/Q2 2006/Q3 2006/Q4 2007/Q1 2007/Q2 2007/Q3 2007/Q4 2008/Q1 2008/Q2 2008/Q3 2008/Q4 2009/Q1 2009/Q2 2009/Q3 2009/Q4 2010/Q1 2010/Q2 2010/Q3 2010/Q4 2011/Q1 2011/Q2 2011/Q3 2011/Q4 2012/Q1 2012/Q2 2012/Q3 Source: US Bureau of Labor Statistics
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Report | united states edition Q4 2012 contents 500000 summary 0 01 US Labor March 2009 2009 20092009 2009February 2010June August November 20102011 2011 2011 20112011 2011February 2012JuneAugust 2012 2012 market trends April 2009 August November 20092010 2010 2010 20102010 2010February 2011June August November 20112012 2012 2012 2012 May July October 2009 2009 May July October 2010 2010 May July October 2011 2011 May July June 2009 September January April 2010 2010 December March September January April 2011 2011 December March September January April 2012 2012 December March September 02 US regional labor trends 03 most heavily impacted sectors 04 US labor market outlook US JOB openings (MAR 2009 to Sept 2012) 05 major announced US job layoffs 4,000,000 about this report 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 0 March 2009 April 2009 May 2009 June 2009 July 2009 August 2009 September 2009 October 2009 November 2009 December 2009 January 2010 February 2010 March 2010 April 2010 May 2010 June 2010 July 2010 August 2010 September 2010 October 2010 November 2010 December 2010 January 2011 February 2011 March 2011 April 2011 May 2011 June 2011 July 2011 August 2011 September 2011 October 2011 November 2011 December 2011 January 2012 February 2012 March 2012 April 2012 May 2012 June 2012 July 2012 August 2012 September 2012 Source: US Bureau of Labor Statistics the improvement in the labor market in the third quarter may be short-lived. There is expected to be a worsening in the final months of 2012 due to the devastation caused by the storm.
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| united states edition Q4 2012 contents summary 01 US Labor market trends 02 US regional labor trends02 03 most heavily ➔ All four US census The biggest improvement based nature of the economic impacted sectors regions experienced falls occurred in the West, where recovery that is now emerging. 04 US labor market outlook in the number of layoffs approximately 79,000 jobs 05 major during the quarter. were lost, some 53,000 less Among the states, California announced US job layoffs than in the previous quarter. recorded the largest numberUS regional The highest number of layoffs of layoffs, followed by New about this reportlabor occurred in the South, with 106,276 jobs disappearing, There was also a big improvement in the Northeast, York, Illinois and Pennsylvania.trends approximately 11,500 fewer where layoffs totaled 67,653, Approximately 87% of the claims associated with than in the previous quarter. approximately 46,000 less than in the second quarter of 2012. layoffs in the quarter were The Midwest saw a in metropolitan areas. marginal improvement, In both the Northeast and with approximately 80,000 the West, the rate of layoffs layoffs, some 10,000 less were at recent historic lows, than the previous quarter. reflecting the more broad-
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| united states edition Q4 2012 contents 0 summary Northeast South Midwest West 01 US Labor market trends 02 US regional labor trends 03 most heavily impacted sectors 04 US labor market outlook announced job layoffs by US region (Q1 2010 to Q3 2012) 05 major announced US job layoffs 200,000 about this The biggest report improvement occurred in the West, 150,000 where approximately 79,000 jobs were lost, some 53,000 less 100,000 than in the previous quarter. 50,000 0 Northeast South Midwest West Source: US Bureau of Labor Statistics Q1 2010 Q2 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Q3 2011 Q4 2011 Q1 2012 Q2 2012 Q3 2012
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| united states edition Q4 2012 contents summary 01 US Labor market trends 02 US regional labor trends03 03 most heavily ➔ The manufacturing approximately 41,500 Across industry, job openings impacted sectors sector recorded a spike in were largely unchanged 04 US labor layoffs, attributed largely to market outlook layoffs during the third quarter, contract completion. The across most sectors, with the 05 major announced with almost 129,000 jobs sector has experienced a exception of manufacturing, US job layoffsmost disappearing, approximately 50,000 above the previous consistent downward pattern of layoffs in recent quarters. where openings fell approximately 74,000 in about this reportheavily quarter and the highest the quarter to 238,000, The retail sector saw a decline and professional businessimpacted quarterly loss this year. Manufacturing accounted in the number of layoffs, down services, where openings weresectors for 38% of all layoffs in the to a recent low of 26,950. down 64,000 to 651,000. quarter. The layoffs were Construction, transport The construction sector also blamed largely on slack work and warehousing, and suffered a drop of 4,000 and insufficient demand. government all experienced openings in the quarter. The administrative and significant reductions in waste services sector had layoffs in the quarter.
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Report | united states edition Q4 2012 contents summary 0 Administrative and Retail Transportation and warehousing Healthcare and social assistance services insuranceand recreation Real estate Manufacturing waste trade services Construction Government AccommodationProfessional and technical trade Information and food services Wholesale entertainment Finance and Arts, Educational services Mining 01 US Labor market trends 02 US regional labor trends 03 most heavily impacted sectors 04 US labor market outlook announced US job layoffs by industry sector – NON-FARM (Q4 2011 to Q3 2012) 05 major announced 150,000 US job layoffs about this Q4 2011 report Q1 2012 120,000 Q2 2012 Q3 2012 90,000 Manufacturing accounted for 38% 60,000 of all layoffs in the quarter. They were blamed largely 30,000 on slack work and insufficient demand. 0 Manufacturing Administrative and waste services Retail trade Construction Transportation and warehousing Government Information Accommodation and food services Healthcare and social assistance Professional and technical services Wholesale trade Finance and insurance Arts, entertainment and recreation Educational services Mining Real estate Source: US Bureau of Labor Statistics
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| united states edition Q4 2012 contents summary 01 US Labor market trends 02 US regional labor trends 03 most heavily impacted sectors 04 US labor market outlook US job opening by industry sector (DEC 2010 to SEPT 2012) 05 major announced US job layoffs 800,000 Dec 2010 about this report S 700,000 March 2011 600,000 June 2011 J Sept 2011 Dec 2011 500,000 March 2012 M June 2012 400,000 Sept 2012 D 300,000 S 200,000 professional J business services 100,000 job openings were 0 M down 64,000 to Education and Health Services Professional Business Services Trade, Transportation and Utilities Leisure and Hospitality Government Manufacturing Construction 651,000. D Source: US Bureau of Labor Statistics
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| united states edition Q4 2012 contents summary 01 US Labor market trends 02 US regional labor trends04 03 most heavily ➔ The US jobs market In the past 12 months, the throughout 2013, before In China, factory output is at impacted sectors is seeing continued steady private sector has added growing at 1.3% in 2014. its highest level in more than 04 US labor market outlook improvement as the 1.9 million jobs, while the a year, suggesting that the 05 major public sector has lost 42,000 For the US, the OECD says announced broader economy gathers economy is rebounding after US job layoffs jobs. The stronger than that provided the fiscal cliffUS labor strength and private sector activity slowly returns. expected September quarter is avoided, the country will months of slowing growth. about this reportmarket The growth outlook for the GDP figures, a recovery record just 2% growth in 2013 before rising to 2.8% in In the near term, the US economy and labor market in the housing market,outlook US remains positive but stronger durable goods 2014. If something really goes will see steady improvement, hesitant, largely as a result orders, and a four-year high wrong in Europe, even those notwithstanding a likely dip of the myriad international in the Conference Board’s predictions will look rosy. in the final quarter due to the worries and the domestic consumer confidence index effects of Hurricane Sandy. We are likely to see ongoing uncertainty surrounding all suggest that conditions fiscal and monetary stimulus For 2013, it will be a more the budget stalemate. in the US are improving. across G7 countries for some complex story, dependent The unsettling European time yet. Japan is the latest on the volatile political, situation is the big unknown. country to begin stimulating its social and economic The OECD predicts economy ahead of upcoming fortunes of the eurozone that the eurozone will elections and the prospect and whether that assists or remain in recession or flat of another recession. negates the US recovery.
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| united states edition Q4 2012 contents summary 01 US Labor market trends 02 US regional labor trends05 03 most heavily Organization Total (approx) Industry Month impacted sectors 04 US labor Actelion 135 Pharmaceutical July market outlook Alcatel Lucent 5,000 Telecommunications July 05 major Alloy Surfaces 145 Manufacturing September announced US job layoffs Alorica, Cutler Bay 127 Health/Medical Septembermajor Alta Bates Summit Medical Center 370 Aviation September about this reportannounced American Airlines 40 Aviation July American Airlines 4,400 Aviation SeptemberUS job American Airlines, Miami International Airport American Power Source 63 Aviation 50 Resources/Utilities July Septemberlayoffs American Showa Inc. 173 Resources/Utilities August American Showa Inc, Blanchester 170 Resources/Utilities AugustJuly to SEPT 2012 Apollo Group Inc 70 Education July Applied Materials Inc, Gloucester 55 Manufacturing September Ashford University 450 Education September AstraZeneca, MedImmune 200 Pharmaceutical July Autodesk Inc 500 Arts/Media/Entertainment August Autodesk Inc 70 Arts/Media/Entertainment September Avid Technology Inc 360 Technology July B/E Aerospace Inc, Holtsville 55 Aerospace/Defense July BAE Systems, San Francisco 95 Aerospace/Defense September Baker Victory Services 143 Community Services August Bank of America 55 Banking/Finance July Bank of America 16,000 Banking/Finance September BankAtlantic, Fort Lauderdale 365 Banking/Finance August Bath Iron Works 88 Manufacturing September Bath Iron Works 38 Manufacturing September Bayer CropScience 250 Manufacturing July Beaverton Oregon 204 Education July Behlen Manufacturing 35 Manufacturing August Best Buy 2,400 Retail July
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| united states edition Q4 2012 contents summary 01 US Labor market trends 02 US regional labor trends05 03 most heavily Organization Total (approx) Industry Month impacted sectors 04 US labor Best Buy 2,000 Retail September market outlook Bimbo Bakeries, Sunbury 30 Manufacturing September 05 major Blackboard Inc 90 Technology September announced US job layoffs BMO Harris Bank 37 Banking/Finance September about this Bookit.com 80 Technology August report Boston Children’s Hospital 255 Health/Medical September Brillion Iron Works 198 Manufacturing August Brooks Automation Inc. 150 Technology September C.R. Bard NY 55 Manufacturing July California Pacific Medical Center 120 Health/Medical August Capital Health 175 Health/Medical July Capital One, Bethesda 80 Banking/Finance July Capital One, Tigard 217 Banking/Finance September Caterpillar Inc, Lafayette 167 Manufacturing August Chester County, Pennsylvania 30 Public Sector July Chromalloy, Nevada 100 Aerospace/Defense September Chromalloy, Nevada 48 Aerospace/Defense September Chromalloy, San Antonio 57 Aerospace/Defense September Cisco Systems Inc 1,300 Technology July Citigroup Inc. 350 Banking/Finance July City of Milpitas 43 Public Sector July City of Tacoma 200 Public Sector September Clifford Jacobs Forging Co. 36 Manufacturing September Clipper Windpower 174 Manufacturing August Codexis Inc 133 Pharmaceutical September Colorado Boys Ranch YouthConnect 100 Community Services July Comair Inc, Detroit Metro Airport 524 Aviation August Comcast Cable 89 Telecommunications August Comcast, Tinley Center 106 Telecommunications August Community Memorial Health System 31 Health/Medical September
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| united states edition Q4 2012 contents summary 01 US Labor market trends 02 US regional labor trends05 03 most heavily Organization Total (approx) Industry Month impacted sectors 04 US labor CompuCom Systems Inc 61 Technology September market outlook Conservation Services Group Inc 40 Community Services September 05 major Corning Cable Systems 90 Telecommunications August announced US job layoffs Covidien Surgical Solutions, Boulder Colorado 35 Health/Medical August about this Crane & Co. 55 Manufacturing August report Crane & Co. 200 Manufacturing July Credit Suisse, New York 138 Banking/Finance July CVS Caremark, Miramar 178 Health/Medical August Davie Hospital 40 Health/Medical August Dendreon Corp. 145 Pharmaceutical September Department of Children and Family Services, Illinois 600 Public Sector July Department of Labor and Training, Rhode Island 67 Public Sector July Devereux 153 Health/Medical September DeVry Inc 570 Education July DineEquity Inc 100 Technology August Disney Interactive 50 Arts/Media/Entertainment September East St. Louis School District 50 Education August Eastman Kodak 1,000 Technology September Englewood Hospital and Medical Center 70 Health/Medical September ETM Enterprise, Grand Ledge, Michigan 100 Manufacturing September Exelon Corp. 170 Resources/Utilities August Exide Technologies Frisco Facility 120 Technology September Express Script Holding 283 Health/Medical September Express Scripts Holding Co, New Jersey 258 Health/Medical July Express Scripts Inc at Liberty Medical Supply Inc, 84 Health/Medical August Florida Fair Isaac Corp. 31 Banking/Finance August Family Resources, Iowa 45 Community Services July Faurecia 150 Manufacturing September Faurecia plant, Dexter Missouri 150 Manufacturing September