Movers and SHAKERS
Kelly Services Inc. (KELYA)
What Did The JOLTS Report Say?
Kelly Services Inc is a provider of workforce solutions and consulting and staffing services. The company's operations are divided into three business segments namely Americas Staffing, Global Talent Solutions ("GTS") and International Staffing. It provides staffing solutions through its branch networks in Americas and International operations and also provides a suite of innovative talent fulfilment and outcome-based solutions through GTS segment. Americas Staffing generates maximum revenue from its operations.
Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.
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JOLTS Report. On Monday, the Bureau of Labor Statistics released the monthly Job Openings and Labor Turnover Survey (JOLTS) report. The JOLTS program produces data on job openings, hires, and separations. The report can be used to confirm other data relative to jobs and employment, with a higher JOLTS number suggesting increasing demand for workers and a falling number pointing to less demand.
New Hires and Job Openings. New hires in June were 6.7 million down 0.5 million from May's record, but June's number is still the second highest in the series record. It is estimated the U.S. labor market has recovered some 42% of the jobs lost during the COVID pandemic. At the end of June, job openings were 5.9 million, up 518,000 over the end of May, indicating a ...
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*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.