Situation Overview: The April economic snapshot painted a mixed picture of the country's employment climate, and suggested that the economy was heading for more moderate but still healthy growth. However, we still see a strong demand for workers as evidenced by the following factors: -- Employers expect this year's college hiring to be up 13.8% from last year, according to the National Association of Colleges and Employers. -- The Labor Department reports that about 143 million Americans have jobs right now, the most ever in history. -- The payroll report, which shows the net number of jobs gained, has shown a steady addition of jobs to the economy - a monthly average of 174,000 for the past year. These positive indicators make the May Employment Situation Report, to be released by the Bureau of Labor Statistics on Friday, June 2nd, heavily anticipated. The May jobs report will help employers, workers and economists assess the strength of workforce landscape and help them prepare for the remainder of 2006. -0- *T Spokespersons: Bernadette Kenny, SVP of HR, Adecco Group North America (Editor's note: Regional spokespeople also available for regional and local market commentary and insights.) Points of Discussion: -- The current resiliency of the economy despite the softening real estate market, the high price of gas and increasing interest rates -- Cautious hiring activity: why employers intend to fill more jobs but are slow to actually fill them -- Class of 2006 graduates entering and succeeding in the multi-generational workforce -- The emergence of an entrepreneurial workforce - shifting the balance between personal and professional lives of workers -- Assessment of current job issues facing the workplace, including the impending talent war, the multi-generational workforce and retaining top talent -- Increased confidence in job seekers due to positive activity in the workforce and advice for workers in the increasingly competitive job market -- Insight into the industries that are hiring now, including finance, IT and healthcare -- Strategies on how companies can stay competitive in the current recruiting environment When: Friday, June 2nd, 2006 Contact: Chelsea Palmer, Ogilvy Public Relations Worldwide (PH) 212/880-5217; (EM) chelsea.palmer@ogilvypr.com *T ABOUT ADECCO: Adecco S.A. is a Fortune Global 500 company and the global leader in HR services. The Adecco Group network connects over 700,000 associates with business clients each day through its network of over 33,000 employees and 6,600 offices in over 70 countries and territories around the world. Registered in Switzerland, and managed by a multinational team with expertise in markets spanning the globe, the Adecco Group delivers an unparalleled range of flexible staffing and career resources to corporate clients and qualified associates. Adecco S.A. is registered in Switzerland (ISIN: CH001213860) and listed on the Swiss Stock Exchange with trading on virt-x (SWX/VIRT-X: ADEN), the New York Stock Exchange (NYSE: ADO) and Euronext Paris - Premier Marche (EURONEXT: ADE). Additional information is available at the company's website at www.adeccousa.com.
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