Initial jobless claims rose by 15,000 to 627,000 in the week ended June 20th.  Despite the two week rise in initial jobless claims, the Fed released a statement stating the economy’s slump is “slowing” after a two day weekend in Washington.  Even with the encouragement, companies will continue to hold out on hiring until there are sustained gains in demand.

Staffing Industry

The staffing industry continues to face slow sales and declining revenues as the demand for staffing services remained low.  Demand for staffing services tends to run parallel to the general economy so we expect sales to pick up in the last quarter of 2009 and throughout 2010 as the economy continues to recover. To see our latest Staffing Star Report, click here.