New Labor Forecast Predicts Decrease in Demand for Temporary Workers in 2007 Fourth Quarter.Industry Consulting Firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a G. Palmer & Associates Launches Quarterly Forecast to Assist in Previewing Near-Term Hiring Patterns NEWPORT BEACH Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. , Calif. -- Demand for temporary workers in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. for the fourth quarter of 2007 is expected to fall approximately 3.9 percent over the same period in 2006, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the newly launched Palmer Forecast[TM], released today. "The decrease in demand for temporary workers appears to be accelerating and is expected to continue its steady year-over-year decline during the fourth quarter," said Greg Palmer, founder and chief executive officer of G. Palmer & Associates, an Orange County, CA-based staffing industry consulting firm. "The trend primarily reflects rising unemployment, as well as relatively sluggish GDP GDP (guanosine diphosphate): see guanine. forecasts." Palmer said demand for temporary workers for the third quarter of 2007 fell approximately 1.5% below the same period of 2006, indicating that the downward trend of the last two quarters is continuing. The Palmer Forecast is based, in part, on Bureau of Labor Statistics Bureau of Labor Statistics (BLS) A research agency of the U.S. Department of Labor; it compiles statistics on hours of work, average hourly earnings, employment and unemployment, consumer prices and many other variables. and other key indicators. The model was initially developed by The A. Gary Anderson Center for Economic Research at Chapman University and serves as an indicator of economic activity. Palmer said companies that employ temporary staff use the forecast as a guide to navigate through fluctuating economic conditions in managing their workforce intelligently to meet business demands. About G. Palmer & Associates G. Palmer & Associates, founded in 2006, advises companies in the human capital sector with sales, operations and margin enhancement, and to explore strategic alternatives for increasing shareholder value. Founder Greg Palmer has served on the board of the American Staffing Association The American Staffing Association was founded in 1966 to be the "voice" of the staffing industry in the United States. Its members operate more than 15,000 staffing offices nationwide and account for more than 85% of staffing industry sales. and was president and chief executive officer of RemedyTemp, Inc., one of the nation's largest temporary staffing companies, prior to its sale in June 2006. For more information, visit www.GPalmerandAssociates.com |
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