ALISO VIEJO, Calif.--(BUSINESS WIRE)--Dec. 12, 2005--Demand for
temporary workers in the United States for the first quarter of 2006
is expected to climb approximately 5 percent over the same period in
2005, according to the RemedyTemp Quarterly Labor Forecast, released
today.
"Industrywide hiring of temporary workers is expected to maintain
its steady year-over-year growth during the first quarter," said Greg
Palmer, RemedyTemp's president and chief executive officer. "This
stable growth is due to an anticipated continuation of relatively
solid economic activity."
For the fourth quarter of 2005, the RemedyTemp Quarterly Labor
Forecast predicted a 3 percent increase in demand for temporary labor
over the same period in 2004. While the forecast accurately called the
direction of change, preliminary figures reported by the Bureau of
Labor Statistics indicate that the fourth quarter increase will likely
be approximately 4.5 to 5 percent. "Despite the destruction caused by
the Gulf Coast hurricanes, national economic growth remained
resilient," said Palmer. "There were broad-based employment gains in
November - including demand for permanent workers - in construction,
retail, health services, business services and even manufacturing."
The RemedyTemp Quarterly Labor Forecast, believed to be the only
one of its kind, is based, in part, on Bureau of Labor Statistics and
other key indicators. The model was developed jointly by The A. Gary
Anderson Center for Economic Research at Chapman University and
RemedyTemp Inc. (NASDAQ:REMX), a national temporary staffing company.
It is tracked quarterly and serves as an indicator of economic
activity.
RemedyTemp has been using the Labor Forecast to help navigate
through fluctuating economic conditions. Palmer said RemedyTemp
provides this sophisticated forecast vehicle to assist other companies
in managing their workforce intelligently to meet business demands.
About RemedyTemp
RemedyTemp, with 238 offices throughout North America, is a
professional staffing organization focused on delivering human capital
workforce solutions in various business sectors. The company operates
as Remedy Intelligent Staffing(R), Talent Magnet(TM) by Remedy(R),
RemX(R) Financial Staffing and RemX(R) IT Staffing. For additional
information, visit www.remedytemp.com.
This news release contains forward-looking statements that involve
material risks and uncertainties with figures, in part, provided by
the U.S. Bureau of Labor Statistics. Such forward-looking statements
are subject to change based on factors beyond the control of the
company. (Certain of such statements are identified by the use of
words such as "anticipate," "believe," "estimate," "expect," "future,"
"intend," "plan," "predict," or "will," or words or similar import.)
Accordingly, the company's actual results may differ materially from
those expressed or implied in any such forward-looking statements as a
result of various factors, including, without limitation changes in
general or local economic conditions that could impact the company's
expected financial results, and other factors described in the
company's filings with the Securities and Exchange Commission
regarding risks affecting the company's financial condition and
results of operations. The company does not undertake to publicly
update or revise its forward-looking statements even if experience or
future changes make it clear that any projected results expressed or
implied therein will not be realized.
CONTACT: RemedyTemp Inc.
Janet Hawkins, 949-425-7712
or
PondelWilkinson
Roger Pondel or Rob Whetstone, 310-279-5980