ALISO VIEJO, Calif.--March 13, 2006--Demand for temporary workers
in the United States for the second quarter of 2006 is expected to
climb slightly greater than four percent over the same period in 2005,
according to the RemedyTemp Quarterly Labor Forecast, released today.
"We're encouraged by signs of economic strength and expect steady
year-over-year growth in the temporary labor market to continue during
the second quarter," said Greg Palmer, RemedyTemp's president and
chief executive officer. "Including the expected first quarter
increase, we would have a clear upward trend of ten consecutive
quarters of temporary staffing growth."
For the first quarter of 2006, the RemedyTemp Quarterly Labor
Forecast predicted a five percent increase in demand for temporary
labor over the same period in 2005. Preliminary figures reported by
the Bureau of Labor Statistics indicate that the first quarter
increase will likely be in the range of five-and-a-half to six
percent. "Health care, construction, business and professional
services were strong sectors in the first quarter," said Palmer. "As
the labor market tightens with sub-five percent unemployment, we're
also seeing escalating demand for full-time hiring."
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 235 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 of 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