Economic Outlook October 2010

1. Economic Data
As of October 2010
Reflective of the September 2010 National Jobs Report from the Bureau of Labor Statistics

2. Public sector jobs contribute to job loss while
unemployment holds steady
0
-3
-6
-9%
2 4 6 8 1210 14 16 20+
Months of job losses
JOBS LOST IN SEPTEMBER
UNEMPLOYMENT RATE
WORST UNEMPLOYMENT
RATE SINCE
-95,000
9.6%
1983
0
-3
-6
-9%
2 4 6 8 1210
Months of job losses
1945
1948-49
1953-54
Current
recession
1981-82
1973-75
2001
18
Unemployment Lines
Cumulative job loss in selected recessions, as a percentage of total jobs

3. Unemployment rate remains unchanged at 9.6%

4. Change in non-farm payrolls for September 2010

5. Temporary job sector growth becomes more
permanent

6. Continued private sector business gains are needed for
growth

7. Job gains/losses by industry
In thousands
Construction
Manufacturing
Leisure&Hospitality
Retail
Legal
Accounting
Architecture/Engineering
Finance
IT/Technical
Healthcare
Temporary
-21 -6
+38
+5.7 +2.5 -7.6 -.6 -2.9 -.9
+32
+16.9

8. Although July featured a slight setback, the
temporary sector is performing extremely well
-100
0
100
Jan-
09
Feb-
09
Mar-
09
Apr-
09
May -
09
Jun-
09
Jul-
09
Aug-
09
Sep-
09
Oct-
09
Nov -
09
Dec-
09
Jan-
10
Feb-
10
Mar-
10
Apr-
10
May -
10
Jun-
10
Jul-
10
Aug-
10

9. Education continues to be the job search
differentiator…

10. Regional unemployment snapshot…
8.2%
8.4%
8.7%
7.6%
9.4%
8.5%
9.6%
8.5%
9.8%
9.9%
8.2%
10.4%
10.6%
12.8%
12.1%
14.7%
14.4%
Baltimore
Dallas
Houston
Boston
Philadelphia
Seattle
Cleveland
Milwaukee
Chicago
St. Louis
New York
Atlanta
San Francisco
Miami
Los Angeles
Las Vegas
Detroit

11. Following jobs report, Dow hits 11,000

12. In summary…
The September jobs report brought job losses with unemployment
remaining steady…
Opportunities
• Adecco Group continues to see demand for temporary help from clients in
every industry and region of the United States.
• Job growth in the temporary, health care, leisure and hospitality and
management/technical consulting sectors bring new opportunities for full
time and temporary workers.
Weaknesses
• Private sector job growth will need to increase speed in order for the
unemployment rate to drop in the upcoming months.
• In the next few months, we could see the unemployment rate remain the
same even with job growth as more and more previously discouraged job
seekers enter the market.