5 Staffing Companies With Upside

NEW YORK ( TheStreet) -- The U.S. staffing industry is estimated to grow at 12% in 2011 and 9% in 2012, according to a Staffing Industry estimate.

Industry analysts also forecast that 30% of businesses are likely to hire extra seasonal help this year and some employers plan to keep some of their seasonal workers as permanent staff after the holiday period.

According to a national survey conducted by jobs website Dice Holdings, recruiters and hiring managers foresee a solid hiring scenario during the first six months of 2012, with 47% planning additional hiring during the period, vs. the same period prior year. Also, 21% of respondents plan to adjust their hiring plans upwards, despite the uncertain economic situation.

Ford Motor ( F) is seeking to hire 7,000 in the U.S. by the end of 2012, while General Electric ( GE) has announced plans to add 400 software engineers over the next two years. Toronto-Dominion Bank intends to expand its corporate operations and create more than 1,400 new jobs in South Carolina over the next three to five years.

These five stocks have potential upsides ranging from 30% to 67% and buy recommendation of 69% and hold rating of 29%, based on a Bloomberg consensus.

The stocks are listed in ascending order of upside potential.

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