KELYA Kelly Services Inc

Momentum Grows Toward Sustained Job Creation - Kelly Services Advance Comment on Unemployment Rate Announcement TROY, Mich., Dec. 3 /PRNewswire-FirstCall/ -- The following commentary by Carl Camden, president of global staffing company Kelly Services, Inc. , is offered in advance of the November unemployment rate announcement due Friday from the U.S. Department of Labor. The October unemployment rate was 6.0 percent, and the economy gained a reported 126,000 jobs that month. (Logo: http://www.newscom.com/cgi-bin/prnh/19991208/KELLYLOGO ) "We have reached the turning point and are finally on our way toward a sustainable, job-creating economy. The road seems smoother today, and we believe the economy and jobs market will continue to strengthen and gather momentum. We are coming off two consecutive months where more than 100,000 jobs were created. It will be important to string together several more months of sequential improvement in job creation for this recovery to shed any lingering caution. Layoffs and cutbacks continue to nip at the heels of this recovery. "The demand for light industrial staffing -- a segment that historically has led the way in a full economic recovery -- continues to show solid improvement. In order to declare a real job-creating recovery, this growth in light industrial staffing needs to be followed by steady demand for office and clerical staffing. We are starting to see that now, so this is the time for people interested in office and administrative jobs to be out there. "Compared to previous economic cycles, we could find that the usual high intensity of demand for workers may be moderated somewhat in this recovery. But if this upturn is of longer duration than we've seen in the past, it will be a good trade-off." About Kelly Services Kelly Services, Inc. is a Fortune 500 company headquartered in Troy, Mich., offering human resources solutions that include temporary services, staff leasing, outsourcing, vendor on-site and full-time placement. With more than 2,400 company owned and operated offices in 26 countries, Kelly provides to its customers nearly 700,000 employees annually, with skills including office services, accounting, engineering, information technology, law, science, marketing, light industrial, education and health care. Sales in 2002 were $4.1 billion. Visit http://www.kellyservices.com/ . http://www.newscom.com/cgi-bin/prnh/19991208/KELLYLOGO DATASOURCE: Kelly Services, Inc. CONTACT: Bob Doetsch of Kelly Services, +1-248-244-5362 Web site: http://www.kellyservices.com/

Copyright