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
TheStreet Open House

Hiring Temporary Workers Boosts Short- And Long-term Employment Rates, ManpowerGroup Says, As U.S. Jobless Rate Changes Little

MILWAUKEE, Feb. 1, 2013 /PRNewswire/ -- ManpowerGroup (NYSE: MAN), the world leader in innovative workforce solutions, says temporary workers, a significant component of a company's needed flexible work model, remain key to jolting and sustaining business growth, as the U.S. Bureau of Labor Statistics today reported that the overall January jobless rate was 7.9%, up from 7.8% in December 2012.

(Logo: http://photos.prnewswire.com/prnh/20110330/CG73938LOGO-a)

The U.S. private sector added 157,000 new jobs last month, while December's jobs figure was revised up to 196,000 from 155,000, and November increased to 247,000 from 161,000. In 2012, the economy added an average of 181,000 jobs a month. Employment in January increased in retail, construction, health care, and wholesale trade. At the same time, millions of Americans have been unemployed for years, labor force participation rates are at a 30-year low and the economic and social outcomes of long-term unemployment are gaining traction. 

"Hiring talent on a temporary basis enables companies to assess and align the increasingly broad range of modern skills – and even discover new ones – that will give them a competitive edge in their industry," said Jeffrey A. Joerres, ManpowerGroup Chairman and CEO. "In turn, employed workers jolt broader economic growth, as they boost consumer spending and the housing market. And not only do they develop and implement the critical business strategies, but they start new enterprises that create more jobs.

"The science of harnessing cutting edge skills to drive business success is only starting to be realized by today's most progressive companies," Joerres added. "I am excited to see our clients reinforce their flexible work models in 2013, to enable them to respond to fluctuating demand and execute their business strategies."

As uncertainty remains the norm of today's economy, companies will need to become increasing agile to drive change.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
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 16,987.51 -61.49 -0.36%
S&P 500 1,985.54 -11.91 -0.60%
NASDAQ 4,567.5980 -24.2080 -0.53%

Brokerage Partners

Rates from Bankrate.com

  • 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