This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Sector Snap: Staffing Cos., Job Board Shares Rise

NEW YORK (AP) ¿ A better-than-expected employment report Friday boosted shares of job sites like Monster Worldwide and staffing companies such as Manpower.

The Labor Department said the unemployment rate in February was 9.7 percent, unchanged from January. Meanwhile, employers cut 36,000 jobs, more than the 26,000 jobs lost in January.

Yet economists polled by Thomson Reuters expected unemployment to tick up slightly, in part because of major storms in the East, and that employers would cut 50,000 jobs.

"The February employment report is very encouraging," Moody's economists Aaron Smith and Ryan Smith wrote in a research note. They predicted jobs growth in March.

Private employers shed 18,000 jobs last month, the government said. But the service sector, which makes up more than 80 percent of all U.S. jobs, added 42,000 jobs.

The service sector includes financial services, shops and restaurants, health care, consulting, tourism and education, among other industries.

However, many of last month's job gains came from the 47,500 temporary jobs added in February. That may signal that confidence in an economic recovery is growing.

The hiring of full-time workers has historically followed a rise in temporary jobs.

Shares of Monster Worldwide Inc. rose 70 cents, or 4.6 percent, to $15.80, and Manpower Inc. shares gained $2.05, or 3.8 percent, to $55.75 in morning trading.

Shares of staffing companies Robert Half International Inc. added $1.13, or 3.9 percent, to $29.91; Kelly Services Inc. climbed 64 cents, or 4 percent, to $16.80; and SFN Group Inc. rose 23 cents, or 2.9 percent, to $8.21.

TrueBlue Inc., which focuses on blue-collar temporary jobs, rose $1.15, or 8.5 percent, to $14.70.

Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs