Forbes.com: Markets News - Feb 04, 2010Manpower Inc. (MAN)
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Ashwin Shirvaikar
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Citigroup GlobalAs of last week, the Forbescom Layoff Tracker counted 684,531 layoffs announced at America's 500 largest public companies since Nov 1, 2008 (See " The Weekly Layoff Report: Verizon Cuts Thousands More ") Thursday's jobless claims data casts a shadow on Friday's nonfarm payrolls report, which economists predict will show the US economy added jobs for the first time since before the recession But for millions of unemployed Americans data showing new jobs provides cold comfort
Early last month, when data showed a slowing rate of job losses, Citigroup analyst Ashwin Shirvaikar upgraded a pair of staffing companies, citing improving signs in the temporary employment sector in the last few months of 2009 (See " Workers In Peril, But Job Fillers Will Be Fine ")
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As of last week, the Forbescom Layoff Tracker counted 684,531 layoffs announced at America's 500 largest public companies since Nov 1, 2008 (See " The Weekly Layoff Report: Verizon Cuts Thousands More ") Thursday's jobless claims data casts a shadow on Friday's nonfarm payrolls report, which economists predict will show the US economy added jobs for the first time since before the recession But for millions of unemployed Americans data showing new jobs provides cold comfort<span class="sent"> Early last month, when data showed a slowing rate of job losses, Citigroup analyst Ashwin Shirvaikar upgraded a pair of staffing companies, citing improving signs in the temporary employment sector in the last few months of 2009 (See " Workers In Peril, But Job Fillers Will Be Fine ")</span>
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