Initial jobless claims jumped by 30,000 last week after two consecutive weeks of claim declines.  The increasing number of unemployed Americans is grabbing the attention of Federal Reserve officials.  Chairman Ben Bernanke released a statement recently stating unemployment will be the “most pressing issue” facing policy makers in the months to come.  We expect for the Federal Reserve to continue expansionary monetary policy well into 2010 in an attempt to lower the unemployment rate.

Staffing

With soaring unemployment projections, many staffing firms look to exit before times get worse.  Firms able to withstand the upcoming quarters will gain revenue share once job openings stabilize.  Upcoming efforts by the Obama Administration to reform healthcare will be crucial to the future of the industry. Click here to see our most recent Staffing Industry Star Report.