High unemployment set to affect upcoming elections; Inflation concerns could potentially lead to increased social unrest
KellyOCG, the Outsourcing and Consulting Group of Kelly Services, Inc. (NASDAQ: KELYA, KELYB), a leader in providing workforce solutions, and Eurasia Group, the world’s leading global political risk research and consulting firm, today released their second quarter Global Market Brief and Labor Risk Index [http://www.kellyocg.com/webcasts].
Findings from the second quarter Global Market Brief and Labor Risk Index include:
• Emerging markets are outpacing the developed world in speed of recovery and job growth with Asia-Pacific leading the way.
• Efforts to keep debt and deficits in check pose the most serious risks, particularly in the Eurozone.
• High unemployment will persist in developed markets, potentially affecting elections in Japan (summer) and the United States (November).
• Inflation is becoming more of a concern worldwide and if it increases, workers will likely demand higher wages to keep pace, potentially sparking social unrest.
The report leverages Kelly’s labor market knowledge with Eurasia Group’s expertise in political and socio-economic risk analysis to deliver a groundbreaking resource tool for companies as they assess scenario plans around market investments and global labor strategies. Published on a quarterly basis, the Global Market Brief and Labor Risk Index is segmented into four geographies: the Americas, Asia-Pacific, Europe and Eurasia, and the Middle East and Africa, with detailed insight on 55 countries. To access a free abstract and receive subscription details, visit www.kellyocg.com/marketbrief.
Ian Bremmer, president, Eurasia Group, has recorded an on-demand webcast to share the findings of the second quarter report. To view visit www.kellyocg.com/webcasts.
About Eurasia Group
Eurasia Group is the world’s leading global political risk research and consulting firm. Since 1998, It has helped clients make informed business decisions in countries where understanding the political landscape is critical. Their firm’s research analysts are trained social scientists with post-graduate degrees, extensive professional experience, and a diverse range of language capabilities. Headquartered in New York, Eurasia Group also has offices In Washington and London, as well as a network of experts around the world. For more information, visit www.eurasiagroup.net.
KellyOCG is a global leader in innovative talent management solutions in the areas of Recruitment Process Outsourcing (RPO), Business Process Outsourcing (BPO), Human Resources Consulting, Career Transition and Organizational Effectiveness, Consulting, Executive Search and Contingent Workforce Outsourcing (CWO), which includes Independent Contractor Solutions. Further information about KellyOCG may be found at www.kellyocg.com.
About Kelly Services
Kelly Services, Inc. is a leader in providing workforce solutions. Kelly offers a comprehensive array of outsourcing and consulting services as well as world-class staffing on a temporary, temp-to-hire and permanent placement basis. Serving clients around the globe, Kelly provides employment to 480,000 employees annually. Revenue in 2009 was $4.3 billion. Visit www.kellyservices.com.
This press release was distributed through PR Web by Human Resources Marketer (HR Marketer: www.HRmarketer.com) on behalf of the company listed above.